Guideline Value for Gajendra Nagar Extn

Gajendra Nagar Extn guideline value

The current guideline value of Gajendra Nagar Extn is Rs 1,000 per sq.ft, as per the 2023 revision. This area is located in Kizhakottyur village, under the Gooduvancheri SRO, and is classified as Residential Special Type - II.

How the guideline value of Gajendra Nagar Extn has changed

Over the years, the guideline value of Gajendra Nagar Extn has experienced significant changes. The 2007 revision recorded a guideline value of Rs 80 per sq.ft, which rose dramatically to Rs 1,000 per sq.ft in the 2012 revision, marking an increase of 1150%. However, from 2012 to 2017, the guideline value decreased to Rs 670 per sq.ft, a drop of 33%. The most recent revision in 2023 saw the guideline value return to Rs 1,000 per sq.ft, representing a 49% increase from the 2017 figure.

It is important to note that there are no figures available for the years 2002, 2003, and 2024 for this street. Overall, from 2007 to 2023, the guideline value has increased by 1150%.

Guideline values in Kizhakottyur

Currently, there are no specific village figures available for Kizhakottyur. Gajendra Nagar Extn is one of the streets under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Gajendra Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would add another Rs 20,000, bringing the total charges to Rs 90,000. It is important to note that 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 Gajendra Nagar Extn?

The Gajendra Nagar Extn area falls under the jurisdiction of the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

To find more information about your specific SRO, visit find your SRO.

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

The guideline value is a crucial factor when registering property in Kizhakottyur. It serves as the basis for calculating stamp duty and registration fees, which are mandatory during the transaction process. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Gajendra Nagar Extn?

The current guideline value of Gajendra Nagar Extn is Rs 1,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 80 per sq.ft to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and returned to Rs 1,000 per sq.ft in 2023.

What are the stamp duty and registration fees for property in Gajendra Nagar Extn?

For a 1,000 sq.ft plot valued at Rs 10,00,000, the stamp duty would be Rs 70,000, and the registration fee would be Rs 20,000, totaling Rs 90,000.

Which Sub Registrar Office covers Gajendra Nagar Extn?

The Gooduvancheri Sub Registrar Office covers Gajendra Nagar Extn, 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 stamp duty and registration fees during property transactions. It is compared with the sale price, and the higher amount is used for duty calculations.