Guideline Value for Gayathiri Nagar Extention

Gayathiri Nagar Extention guideline value

The current guideline value of Gayathiri Nagar Extention is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Ayappakkam village, under the Ambattur SRO, and is classified as Residential Class I Type - II.

How the guideline value of Gayathiri Nagar Extention has changed

The guideline value for Gayathiri Nagar Extention has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 1,100 per sq.ft, an increase from Rs 1,000 per sq.ft in 2023, reflecting a change of +10%. Prior to that, in 2017, the value was Rs 670 per sq.ft, which means there was a significant increase of +49% from 2017 to 2023. The 2012 revision also recorded a guideline value of Rs 1,000 per sq.ft, showing a decrease of -33% when compared to the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by +10%.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. The 2012 revision marked a return to the Rs 1,000 per sq.ft level after a lower value in 2017.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft, with a median value of Rs 1,300 per sq.ft. The guideline value of Gayathiri Nagar Extention is below this median.

• Geetha Plots Dharma nagar extention: Rs 2,000 per sq.ft (2024)
• Goldan City: Rs 990 per sq.ft (2024)
• Ganesh nagar 3rd street (Ganesh nagar): Rs 1,300 per sq.ft (2024)
• Ganesh nagar 3rd street: Rs 1,300 per sq.ft (2024)
• Ganesh nagar 2nd street (Ganesh nagar): Rs 1,300 per sq.ft (2024)
• Ganesh nagar 2nd street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Gayathiri Nagar Extention

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost for these fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gayathiri Nagar Extention?

The Gayathiri Nagar Extention falls under the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Ayappakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair value of the property. It is essential to consider this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Gayathiri Nagar Extention?

The current guideline value of Gayathiri Nagar Extention is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, with various increments and decrements in between. The most recent revision shows an increase of +10% from 2023 to 2024.

What is the land classification for Gayathiri Nagar Extention?

Gayathiri Nagar Extention is classified as Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Gayathiri Nagar Extention?

The Ambattur Sub Registrar Office covers Gayathiri Nagar Extention and is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Gayathiri Nagar Extention?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total of Rs 99,000 in fees, including stamp duty and registration fees.