Guideline Value for GP HOMES PEARL HERITAGE

Gp Homes Pearl Heritage guideline value

The current guideline value of Gp Homes Pearl Heritage is Rs 2,750 per sq.ft, effective from 1 July 2024. This property is located in Ayappakkam village under the Ambattur SRO, classified as Residential Class I Type - III.

How the guideline value of Gp Homes Pearl Heritage has changed

According to the guideline value register, there are no recorded figures for Gp Homes Pearl Heritage in the years 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 2,750 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision, also set at Rs 2,750 per sq.ft. This indicates that there has been no percentage change from 2023 to 2024, with an increase of 0%.

For the years where figures are available, the guideline value has consistently been Rs 2,750 per sq.ft for both 2023 and 2024. The lack of recorded figures in earlier years suggests that the valuation for this street has remained stable in more recent times.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft, with a median value of Rs 1,300 per sq.ft. The guideline value for Gp Homes Pearl Heritage is above this median.

• Green Garden: Rs 1,700 per sq.ft (2024)
• Govindharaj street (Iyappan nagar): Rs 1,700 per sq.ft (2024)
• Gunasekaran Nagar: Rs 1,700 per sq.ft (2024)
• Goldan City: Rs 990 per sq.ft (2024)
• I.C.F.Colony: Rs 1,700 per sq.ft (2024)
• I.C.F.Colony Extn.: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Gp Homes Pearl Heritage

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total 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 fees together to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gp Homes Pearl Heritage?

The Gp Homes Pearl Heritage is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Ayappakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When buying or selling property, the guideline value is assessed to ensure that the transaction is registered at a value that reflects the market conditions. This helps in maintaining transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value for Gp Homes Pearl Heritage?

The current guideline value for Gp Homes Pearl Heritage is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been no recorded figures for Gp Homes Pearl Heritage in the years 2002, 2003, 2007, 2012, and 2017. The guideline value has been consistently Rs 2,750 per sq.ft for both 2023 and 2024.

What is the stamp duty for property in Gp Homes Pearl Heritage?

The stamp duty for property in Gp Homes Pearl Heritage is calculated at 7% of the guideline value. For a property valued at Rs 27,50,000, the stamp duty would amount to Rs 1,92,500.

Which office handles registrations for Gp Homes Pearl Heritage?

The Ambattur Sub Registrar Office handles registrations for Gp Homes Pearl Heritage. It is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the guideline value determined for properties in Ayappakkam?

The guideline value for properties in Ayappakkam is determined by the Registration Department's guideline value register. It takes into account various factors, including land classification and the median values of surrounding streets.