Guideline Value for GT UPTOWN

Gt Uptown guideline value

The current guideline value of Gt Uptown, located in Keerapakkam village, under the Gooduvancheri SRO, is Rs 1,350 per sq.ft as per the 2023 revision. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Gt Uptown has changed

The guideline value for Gt Uptown has remained consistent over the years. In the 2017 revision, the guideline value was Rs 1,350 per sq.ft, which has not changed in the subsequent 2023 revision, also maintaining the same rate of Rs 1,350 per sq.ft. There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street.

Between the 2017 and 2023 revisions, there has been a change of +0%, indicating stability in the guideline value during this period. The consistent rate suggests that the valuation has not fluctuated significantly in recent years.

Guideline values in Keerapakkam

Currently, there are no specific village figures provided for Keerapakkam. Gt Uptown is one of the areas under the Gooduvancheri SRO, and there are no other streets in Keerapakkam listed with their guideline values.

Stamp duty and registration fee for property in Gt Uptown

For a 1,000 sq.ft plot at the current guideline value of Rs 1,350 per sq.ft, the total guideline value amounts to Rs 13,50,000. The stamp duty at 7% would be Rs 94,500, and the registration fee at 2% would be Rs 27,000, bringing the total charges together to Rs 1,21,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Gt Uptown?

Gt Uptown falls under the jurisdiction of the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. For further assistance, you can find your SRO.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Keerapakkam. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is compliant with local regulations.

When a property is registered, the guideline value serves as a baseline for calculating the applicable fees. Buyers and sellers should be aware that the duty is charged based on the higher amount between the guideline value and the sale price, ensuring that the state receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Gt Uptown?

The current guideline value of Gt Uptown is Rs 1,350 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value for Gt Uptown has remained unchanged at Rs 1,350 per sq.ft from the 2017 revision to the 2023 revision. There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024.

What is the stamp duty rate for properties in Gt Uptown?

The stamp duty rate for properties in Gt Uptown is 7% of the guideline value or the sale price, whichever is higher. This is applicable during the registration process.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions in Keerapakkam. It ensures that the transaction adheres to local regulations and that the appropriate fees are collected based on the higher value between the guideline and the sale price.