Guideline Value for Gangadharan Theru

Gangadharan Theru guideline value

The current guideline value of Gangadharan Theru is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village under the Padappai SRO and falls under the Residential Class IV Type - II land classification.

How the guideline value of Gangadharan Theru has changed

Over the years, the guideline value for Gangadharan Theru has experienced several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft. This was followed by a decrease to Rs 1,005 per sq.ft in 2017. The 2023 revision increased the value to Rs 1,500 per sq.ft, and the most recent 2024 revision has raised it to Rs 1,650 per sq.ft.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The change from 2023 to 2024 represents a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that have a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft, with a median value of Rs 2,310 per sq.ft. Gangadharan Theru's 2024 figure is below this median.

• Ganesh Nagar: Rs 2,310 per sq.ft (2024)
• Gandhi Street: Rs 1,980 per sq.ft (2024)
• Gandhi Road: Rs 2,310 per sq.ft (2024)
• Gandhi Nagar Extension: Rs 3,960 per sq.ft (2024)
• George Theru: Rs 1,980 per sq.ft (2024)
• Gandhi Nagar: Rs 3,960 per sq.ft (2024)

Stamp duty and registration fee for property in Gangadharan Theru

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, totaling Rs 1,48,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gangadharan Theru?

The Sub Registrar Office that covers Gangadharan Theru is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

When buying or selling property in Perungalathur, the guideline value is crucial for determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the correct amount is paid during the registration process.

It is important to be aware of the guideline value, as it reflects the official valuation of the property and is used by the registration office to assess the applicable charges. Buyers and sellers should ensure that they are informed about the current guideline values to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Gangadharan Theru?

The current guideline value of Gangadharan Theru is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification of Gangadharan Theru?

Gangadharan Theru is classified as Residential Class IV Type - II, indicating its designation for residential purposes.

What are the stamp duty and registration fees for property in Gangadharan Theru?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees amount to Rs 1,48,500.

Which office handles the registration for Gangadharan Theru?

The Padappai Sub Registrar Office handles the registration for Gangadharan Theru, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.