Guideline Value for Gangadharan nagar

Gangadharan nagar guideline value

The current guideline value of Gangadharan Nagar is Rs 2,160 per sq.ft, effective from 1 July 2024. This area is located in Zaminpallavaram village under the Pallavaram SRO, classified as Residential Class III Type - I.

How the guideline value of Gangadharan nagar has changed

The guideline value for Gangadharan Nagar has seen several revisions over the years. In 2003, the guideline value was Rs 154 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2007. The value then rose dramatically to Rs 2,000 per sq.ft in 2012, but saw a decrease to Rs 1,340 per sq.ft in 2017. Following this, it increased to Rs 2,000 per sq.ft in 2023, and finally reached Rs 2,160 per sq.ft in the 2024 revision.

Between the revisions, the changes were as follows: from 2003 to 2007, there was a +290% increase; from 2007 to 2012, a +233% increase; from 2012 to 2017, a -33% decrease; from 2017 to 2023, a +49% increase; and from 2023 to 2024, an +8% increase. Overall, from 2003 to 2024, the guideline value has increased by +1303%. The register has no figure for the year 2002 for this street.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value in this area is Rs 3,300 per sq.ft, placing Gangadharan Nagar's 2024 figure below that median.

• Gandhi Street: Rs 3,300 per sq.ft (2024)
• Garden Woodraffee Nagar 1 To 4 Main Road: Rs 3,300 per sq.ft (2024)
• Garden woodroff Nagar: Rs 3,300 per sq.ft (2024)
• Gandhi Nagar Mc Nagar: Rs 3,300 per sq.ft (2024)
• Gandhi Nagar 1 To 3 Streets: Rs 3,300 per sq.ft (2024)
• Gandhi Nagar: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Gangadharan nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,160 per sq.ft, the total guideline value would be Rs 21,60,000. The stamp duty at 7% would be Rs 1,51,200, and the registration fee at 2% would be Rs 43,200, bringing the total fees together to Rs 1,94,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gangadharan nagar?

The Gangadharan Nagar area is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Zaminpallavaram, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating sale prices, as stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price.

When a property is sold, the buyer will need to pay stamp duty and registration fees based on the guideline value. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property as determined by the guideline value register.

Frequently asked questions

What is the current guideline value of Gangadharan Nagar?

The current guideline value of Gangadharan Nagar is Rs 2,160 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 154 per sq.ft in 2003 to Rs 2,160 per sq.ft in 2024, with various increases and decreases in between, including a notable increase of +290% from 2003 to 2007.

What is the land classification of Gangadharan Nagar?

Gangadharan Nagar is classified as Residential Class III Type - I, indicating its suitability for residential development.

Where can I find the registration office for Gangadharan Nagar?

The registration office covering Gangadharan Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 21,60,000 would incur a stamp duty of Rs 1,51,200 and a registration fee of Rs 43,200.