Guideline Value for GUNAVEERAR STREET (WARD -6)

Gunaveerar Street (Ward -6) guideline value

The current guideline value of Gunaveerar Street (Ward -6) is Rs 1,321 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village under the Chengleput Joint II SRO, classified as Residential Special Type - V.

How the guideline value of Gunaveerar Street (Ward -6) has changed

Over the years, the guideline value for Gunaveerar Street has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,200 per sq.ft in the 2023 revision, and further to Rs 1,321 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

In summary, the changes between revisions are as follows: from 2012 to 2017, there was a decrease of 33%; from 2017 to 2023, the value increased by 49%; and from 2023 to 2024, it increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values in 2024 ranging from Rs 440 to Rs 3,500 per sq.ft. The median value is Rs 1,100 per sq.ft, placing Gunaveerar Street's 2024 guideline value above this median.

• Gundalakesi Street (Ward -8): Rs 1,321 per sq.ft (2024)
• Gulasekaraalwar Street (Ward -5): Rs 1,321 per sq.ft (2024)
• G.S.T. Road (Ward -18): Rs 2,200 per sq.ft (2024)
• Haripriya Nagar (N): Rs 660 per sq.ft (2024)
• Gopolapuram (Sa): Rs 440 per sq.ft (2024)
• Gopola Krishnan Nagar (Kr): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Gunaveerar Street (Ward -6)

For a 1,000 sq.ft plot at the current guideline value, the total value is Rs 13,21,000. The stamp duty at 7% amounts to Rs 92,470, and the registration fee at 2% is Rs 26,420, making the total charges Rs 1,18,890. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gunaveerar Street (Ward -6)?

The Sub Registrar Office that covers Gunaveerar Street (Ward -6) 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 information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Ninna Karai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are applied based on the official valuation of the property.

When a property transaction occurs, the guideline value helps determine the legal and financial obligations of both the buyer and seller. It is crucial to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Gunaveerar Street (Ward -6)?

The current guideline value of Gunaveerar Street (Ward -6) is Rs 1,321 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,321 per sq.ft in 2024.

What are the other streets in Ninna Karai with similar guideline values?

Other streets in Ninna Karai with similar guideline values include Gundalakesi Street and Gulasekaraalwar Street, both at Rs 1,321 per sq.ft in 2024.

What fees are associated with buying property in Gunaveerar Street (Ward -6)?

When buying property in Gunaveerar Street, the total fees include stamp duty at 7% and a registration fee at 2% of the guideline value, which is Rs 1,321 per sq.ft.

Where can I find the Sub Registrar Office for Gunaveerar Street (Ward -6)?

The Sub Registrar Office for Gunaveerar Street (Ward -6) is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, under the Chengleput Joint II SRO.