Guideline Value for Gajendra Nagar

Gajendra Nagar guideline value

The current guideline value of Gajendra Nagar is Rs 1,000 per sq.ft. This area falls under Kizhakottyur village and is registered with the Gooduvancheri SRO. The land classification for this locality is Residential Special Type - II.

How the guideline value of Gajendra Nagar has changed

Over the years, the guideline value of Gajendra Nagar has seen several revisions. The earliest recorded value was Rs 80 per sq.ft in 2007. This increased significantly to Rs 1,000 per sq.ft in 2012, marking a remarkable increase of 1150%. However, between 2012 and 2017, the value decreased to Rs 670 per sq.ft, which is a decline of 33%. The most recent revision in 2023 set the guideline value back to Rs 1,000 per sq.ft, reflecting an increase of 49% from the 2017 figure.

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

Guideline values in Kizhakottyur

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

Stamp duty and registration fee for property in Gajendra Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value amounts to Rs 10,00,000. The stamp duty, charged at 7%, would be Rs 70,000, and the registration fee at 2% would be Rs 20,000. Together, the total cost for these fees would be Rs 90,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gajendra Nagar?

The Sub Registrar Office that covers Gajendra Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To find your SRO, you can 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 buying or selling property in Kizhakottyur. It serves as the benchmark for determining the minimum sale price of a property, ensuring that transactions are conducted fairly and transparently. At the time of registration, the guideline value is used to calculate the applicable stamp duty and registration fees.

When a property is sold, the buyer and seller must consider the guideline value to ensure compliance with local regulations. This value helps in assessing the official worth of the property, which is essential for legal documentation and taxation purposes.

Frequently asked questions

What is the current guideline value of Gajendra Nagar?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 80 per sq.ft in 2007 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 is the stamp duty rate for property in Gajendra Nagar?

The stamp duty rate for property in Gajendra Nagar is 7% of the guideline value or sale price, whichever is higher.

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.

Is there a guideline value for 2024?

The register has no figure for the year 2024 for Gajendra Nagar, so the guideline value for that year is not available.