Guideline Value for GNT ROAD

Gnt Road guideline value

The current guideline value of Gnt Road in Thandalkazhani village is Rs 2,750 per sq.ft, effective from 1 July 2024. This area falls under the Redhills SRO and is classified as Commercial Class I Type - I.

How the guideline value of Gnt Road has changed

Since the 2003 revision, the guideline value for Gnt Road has seen significant increases. In 2003, the value was Rs 500 per sq.ft, which rose to Rs 700 per sq.ft in 2007. The 2012 revision brought the value up to Rs 2,500 per sq.ft, but it then decreased to Rs 1,675 per sq.ft in 2017. The value increased again to Rs 2,500 per sq.ft in 2023, and currently stands at Rs 2,750 per sq.ft as per the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 450%. The register has no figure for the year 2002 for this street.

Guideline values in Thandalkazhani

In Thandalkazhani, there are 27 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 2,750 per sq.ft. The median guideline value for these streets is Rs 880 per sq.ft, making Gnt Road's 2024 figure above that median.

• Gomathi Nagar In Sivaram city: Rs 2,750 per sq.ft (2024)
• Gandhi Street: Rs 1,210 per sq.ft (2024)
• Dr. M. Varadaharasanar Street: Rs 880 per sq.ft (2024)
• Kamarajar Street: Rs 880 per sq.ft (2024)
• Kamaraj Nagar: Rs 660 per sq.ft (2024)
• Kambar Street: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Gnt Road

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

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 Thandalkazhani

The guideline value is a crucial factor in the registration process for property transactions in Thandalkazhani. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property should be registered. This value is essential for legal documentation and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Gnt Road?

The current guideline value of Gnt Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 500 per sq.ft in 2003 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 450% over this period.

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

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500, and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which Sub Registrar Office is responsible for Gnt Road?

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

What is the median guideline value for streets in Thandalkazhani?

The median guideline value for the 27 streets in Thandalkazhani is Rs 880 per sq.ft, with Gnt Road's 2024 figure being above this median.