Guideline Value for GUNABOOSHA AMMAL NAGAR

Gunaboosha Ammal Nagar guideline value

The current guideline value of Gunaboosha Ammal Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024. This area is located in Nerkundram village under the Virugambakkam SRO, classified as Residential Class III Type - I.

How the guideline value of Gunaboosha Ammal Nagar has changed

The guideline value for Gunaboosha Ammal Nagar has seen significant changes over the years. In 2002, the value was Rs 101 per sq.ft, which increased to Rs 112 per sq.ft in 2003. Following this, the value rose dramatically to Rs 300 per sq.ft in 2007, marking an increase of 168%. The value then experienced a substantial rise to Rs 2,500 per sq.ft in 2012, a 733% increase. However, it dropped to Rs 1,675 per sq.ft in 2017, a decrease of 33%. The value again increased to Rs 2,500 per sq.ft in 2023, and currently stands at Rs 2,750 per sq.ft in 2024, reflecting a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 2,623%. There are no figures available for the years not listed in the register for this street.

Guideline values in Nerkundram

Nerkundram has a total of 476 streets under the Virugambakkam SRO, with guideline values ranging from Rs 1,650 to Rs 6,600 per sq.ft as of 2024. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Gunaboosha Ammal Nagar's current value above this median.

• GOVARDANAN NAGAR - V.O.C. Street: Rs 2,500 per sq.ft (2024)
• GOVARDANAN NAGAR - Vanchinathan Street: Rs 2,500 per sq.ft (2024)
• GOVARDANAN NAGAR - Pallavan Salai: Rs 2,500 per sq.ft (2024)
• GOVARDANAN NAGAR - Kumaran Street: Rs 2,500 per sq.ft (2024)
• GOVARDANAN NAGAR - Kothandapani Street: Rs 2,500 per sq.ft (2024)
• GOVARDANAN NAGAR - Kothandapani 2nd Street: Rs 2,500 per sq.ft (2024)

Stamp duty and registration fee for property in Gunaboosha Ammal Nagar

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. Please 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 Gunaboosha Ammal Nagar?

The Sub Registrar Office that covers Gunaboosha Ammal Nagar is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Nerkundram. It is used to determine the stamp duty and registration fees when buying or selling a property. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is important to be aware of the guideline value as it directly impacts the overall cost of registration and the associated fees. Buyers and sellers should always refer to the latest guideline values to ensure compliance with regulations.

Frequently asked questions

What is the current guideline value of Gunaboosha Ammal Nagar?

The current guideline value of Gunaboosha Ammal Nagar 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 increased from Rs 101 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 2,623% over this period.

What is the registration office for Gunaboosha Ammal Nagar?

The registration office for Gunaboosha Ammal Nagar is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated in Gunaboosha Ammal Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. The registration fee is charged at 2% of the guideline value.

What are the guideline values of other streets in Nerkundram?

Other streets in Nerkundram have a guideline value of Rs 2,500 per sq.ft in 2024. This includes streets such as GOVARDANAN NAGAR - V.O.C. Street, GOVARDANAN NAGAR - Vanchinathan Street, and others.