Guideline Value for GSN NAGAR PHASE - I

Gsn Nagar Phase - I guideline value

The current guideline value for Gsn Nagar Phase - I is Rs 660 per sq.ft, effective from 1 July 2024. This property is located in Kattankollatur village, under the Chengleput Joint II SRO, and falls under the Residential Class I Type - III land classification.

How the guideline value of Gsn Nagar Phase - I has changed

The guideline value for Gsn Nagar Phase - I has seen several revisions over the years. The register has no figures for this street in 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 600 per sq.ft, which increased to Rs 660 per sq.ft in the 2024 revision, marking a change of +10%.

With the current guideline value at Rs 660 per sq.ft, it is important to note the historical context. The 2024 figure reflects the latest assessment, while the previous revision in 2023 was Rs 600 per sq.ft. The increase from 2023 to 2024 indicates a shift in valuation, although the street's current value remains below the median guideline value of Rs 1,100 per sq.ft for Kattankollatur.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. Gsn Nagar Phase - I's 2024 figure of Rs 660 per sq.ft is below the median value of Rs 1,100 per sq.ft in the village.

• G.S.T. Road (Ward -18): Rs 2,200 per sq.ft (2024)
• Gulasekaraalwar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Gunaveerar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Gundalakesi Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Gowsalya Nagar: Rs 1,980 per sq.ft (2024)
• Gopolapuram (Sa): Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Gsn Nagar Phase - I

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gsn Nagar Phase - I?

The Sub Registrar Office covering Gsn Nagar Phase - I is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions within Kattankollatur, as it determines the minimum price at which properties can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

During the registration process, the guideline value serves as a benchmark for the transaction value, impacting the overall costs associated with property transfer. Buyers and sellers should be aware of the current guideline value to accurately assess their financial obligations.

Frequently asked questions

What is the current guideline value of Gsn Nagar Phase - I?

The current guideline value of Gsn Nagar Phase - I is Rs 660 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

Recently, the guideline value changed from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024, reflecting an increase of +10%.

What is the median guideline value in Kattankollatur?

The median guideline value in Kattankollatur is Rs 1,100 per sq.ft, which is higher than the current value of Gsn Nagar Phase - I.

Where is the Sub Registrar Office for Gsn Nagar Phase - I located?

The Sub Registrar Office for Gsn Nagar Phase - I is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, under the Chenglepurt registration zone.

How are stamp duty and registration fees calculated for properties?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 6,60,000 would incur a stamp duty of Rs 46,200 and a registration fee of Rs 13,200.