Guideline Value for Gajendra Nagar

Gajendra Nagar guideline value

The current guideline value of Gajendra Nagar is Rs 900 per sq.ft, as per the 2023 revision. This area is located in Rathinamangalam village, under the Gooduvancheri Sub Registrar Office (SRO). The land classification for this area is Residential Special Type - I.

How the guideline value of Gajendra Nagar has changed

The guideline value of Gajendra Nagar has undergone several revisions over the years. In the 2007 revision, the guideline value was Rs 780 per sq.ft. This increased to Rs 900 per sq.ft in the 2012 revision, marking a 15% rise. However, in the 2017 revision, the value decreased to Rs 603 per sq.ft, which was a decline of 33%. The most recent revision in 2023 saw a significant increase to Rs 900 per sq.ft, representing a 49% rise from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 15%. It is important to note that the register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Rathinamangalam

Currently, there are no specific village figures available for Rathinamangalam. Gajendra Nagar is one of the streets under the Gooduvancheri SRO, which does not have any other streets listed with guideline values.

Stamp duty and registration fee for property in Gajendra Nagar

For a 1,000 sq.ft plot at the current rate of Rs 900 per sq.ft, the guideline value would be Rs 9,00,000. The stamp duty at 7% would amount to Rs 63,000, while the registration fee at 2% would be Rs 18,000. Together, the total cost for stamp duty and registration would be Rs 81,000. 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 information.

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, Guduvanchery-603202, Chengalpattu registration zone.

For more details, you can find your SRO.

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

The guideline value is a crucial factor during the registration process of property transactions in Rathinamangalam. It serves as a baseline for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the authorities will assess the guideline value to ensure that the appropriate fees are collected. This ensures transparency and compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Gajendra Nagar?

The current guideline value of Gajendra Nagar is Rs 900 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 780 per sq.ft in 2007 to Rs 900 per sq.ft in 2012, then decreased to Rs 603 per sq.ft in 2017, and finally increased back to Rs 900 per sq.ft in 2023.

What is the land classification for Gajendra Nagar?

The land classification for Gajendra Nagar is Residential Special Type - I.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Gajendra Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 900 per sq.ft, the total guideline value would be Rs 9,00,000, resulting in a stamp duty of Rs 63,000.