Guideline Value for GUNAHA GARDEN HAMLET

Gunaha Garden Hamlet guideline value

The current guideline value of Gunaha Garden Hamlet is Rs 4,400 per sq.ft, effective from 1 July 2024. This locality is part of the Sholinganallur - 1 village under the Neelankarai SRO, with a land classification of Residential Special Type - V.

How the guideline value of Gunaha Garden Hamlet has changed

The guideline value for Gunaha Garden Hamlet has seen several revisions over the years. The oldest recorded figure is from 2017, where the value was Rs 2,680 per sq.ft. This increased to Rs 4,000 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sholinganallur - 1

In the Sholinganallur - 1 village under the Neelankarai SRO, there are 754 streets with a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value is Rs 2,200 per sq.ft, placing Gunaha Garden Hamlet's 2024 figure above this median.

• Gunasekaran Thottam: Rs 1,700 per sq.ft (2024)
• Grama Nedunchalai School Street - C.G.S.Farm 1st Joint Street: Rs 2,200 per sq.ft (2024)
• Grama Nedunchalai School Street: Rs 2,200 per sq.ft (2024)
• Grama Nedunchalai School Cross Street: Rs 2,200 per sq.ft (2024)
• Grama Nedunchalai 3rd Cross Street Extension: Rs 2,200 per sq.ft (2024)
• Grama Nedunchalai 2nd Cross Street Extension: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Gunaha Garden Hamlet

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gunaha Garden Hamlet?

The Sub Registrar Office that covers Gunaha Garden Hamlet is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a crucial factor in the registration process when buying or selling property in Sholinganallur - 1. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Gunaha Garden Hamlet?

The current guideline value of Gunaha Garden Hamlet is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 2,680 per sq.ft to Rs 4,400 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the stamp duty rates for property in Gunaha Garden Hamlet?

The stamp duty for property in Gunaha Garden Hamlet is 7% of the guideline value or sale price, whichever is higher.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the median guideline value in Sholinganallur - 1?

The median guideline value in Sholinganallur - 1 is Rs 2,200 per sq.ft, with Gunaha Garden Hamlet's value being above this median.