Guideline Value for GNT ROAD

Gnt Road guideline value

The current guideline value of Gnt Road in Nallur_2 village, under the Redhills SRO, is Rs 1,500 per sq.ft. This value reflects the 2023 revision 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 significant changes over the years. In the 2017 revision, the value was Rs 1,005 per sq.ft. This increased to Rs 1,500 per sq.ft in the 2023 revision, marking a 49% rise. There are no figures available for the revisions in 2024, 2012, 2007, 2003, and 2002 for this street.

To summarize, the only recorded revisions for Gnt Road are from 2017 to 2023, with the 2017 value at Rs 1,005 per sq.ft and the current value at Rs 1,500 per sq.ft. The lack of figures in other years indicates that the guideline value has not been established for those revisions.

Guideline values in Nallur_2

Currently, there are no specific village figures available for Nallur_2. Gnt Road is the only street listed under the Redhills SRO.

Stamp duty and registration fee for property in Gnt Road

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, totaling Rs 1,35,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gnt Road?

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

How the guideline value is used when you buy or sell in Nallur_2

The guideline value plays a crucial role in the registration of property transactions in Nallur_2. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is assessed to calculate the applicable stamp duty and registration fees. Buyers must be aware that the duty is charged based on the higher value between the guideline value and the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Gnt Road?

The current guideline value of Gnt Road is Rs 1,500 per sq.ft as per the 2023 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,005 per sq.ft to Rs 1,500 per sq.ft, representing a 49% rise.

Are there any guideline values for years other than 2017 and 2023?

No, there are no guideline values available for Gnt Road for the years 2024, 2012, 2007, 2003, and 2002.

What is the stamp duty rate for properties in Gnt Road?

The stamp duty rate for properties in Gnt Road is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Gnt Road located?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.