Guideline Value for GNT ROAD

Gnt Road guideline value

The current guideline value of Gnt Road in Nallur village is Rs 1,650 per sq.ft, effective from 1 July 2024. This area falls under the Redhills SRO and is classified as Residential Special Type - I.

How the guideline value of Gnt Road has changed

The guideline value for Gnt Road has seen several revisions over the years. In 2003, the value was Rs 100 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2007. This was followed by a rise to Rs 1,500 per sq.ft in 2012, but it then decreased to Rs 1,005 per sq.ft in 2017. The value rose again to Rs 1,500 per sq.ft in 2023, and most recently to Rs 1,650 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 1550%. The register does not have a figure for Gnt Road in 2002.

Guideline values in Nallur

Nallur village has 39 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 440 to Rs 1,650 per sq.ft. The median value for these streets is Rs 550 per sq.ft, placing Gnt Road's 2024 figure above that median.

• Gokulam Avenue: Rs 1,650 per sq.ft (2024)
• Indra Gandhi Street: Rs 440 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 440 per sq.ft (2024)
• Kalpaga Nagar: Rs 770 per sq.ft (2024)
• Kalpaga Nagar - 1: Rs 770 per sq.ft (2024)
• Chengalamman Nagar Annex: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Gnt Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty, charged at 7%, would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000. Together, these fees total Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gnt Road?

The Sub Registrar Office that covers Gnt Road is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Nallur

The guideline value plays a crucial role in the registration process for property transactions in Nallur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When a property is bought or sold, the guideline value is considered to ensure that the transaction is recorded accurately. This helps maintain transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Gnt Road?

The current guideline value of Gnt Road is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 100 per sq.ft in 2003 to Rs 1,650 per sq.ft in 2024, reflecting a significant increase over the years.

What is the land classification for Gnt Road?

Gnt Road is classified as Residential Special Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties on Gnt Road?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 16,50,000, the total fees would amount to Rs 1,48,500.

Which office handles property registrations for Gnt Road?

The Redhills Sub Registrar Office manages property registrations for Gnt Road, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.