Guideline Value for Gayathiri Nagar

Gayathiri Nagar guideline value

The current guideline value of Gayathiri Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Vallam_B village and falls under the Sriperumpudur SRO. The land classification for Gayathiri Nagar is Residential Class I Type - I.

How the guideline value of Gayathiri Nagar has changed

In the 2017 revision, the guideline value for Gayathiri Nagar was Rs 134 per sq.ft. This figure remained unchanged at Rs 400 per sq.ft in the 2023 revision and continues to be Rs 400 per sq.ft in the 2024 revision, indicating a significant increase of 199% from 2017 to 2023 and also from 2017 to 2024. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From the 2023 revision to the 2024 revision, there has been no change, with the guideline value remaining at Rs 400 per sq.ft. Overall, the increase from the 2017 revision to the 2024 revision is 199%, reflecting a consistent valuation since 2023.

Guideline values in Vallam_B

In Vallam_B, there are 73 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 150 to Rs 1,950 per sq.ft. The median value is Rs 400 per sq.ft, which matches the guideline value of Gayathiri Nagar.

• Gangaiyamman Koil Street: Rs 400 per sq.ft (2024)
• Gnanagiri nagar: Rs 1,950 per sq.ft (2024)
• Gowtham Nagar: Rs 600 per sq.ft (2024)
• Gowtham Nagar Extn-IV: Rs 600 per sq.ft (2024)
• Ganapathy Nagar: Rs 200 per sq.ft (2024)
• Green Holiday Resorts: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Gayathiri Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total charges to Rs 36,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Gayathiri Nagar?

The Sub Registrar Office that covers Gayathiri Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Vallam_B. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the correct revenue based on the property's value, whether it is the sale price or the guideline value.

Frequently asked questions

What is the current guideline value of Gayathiri Nagar?

The current guideline value of Gayathiri Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 134 per sq.ft to Rs 400 per sq.ft in 2023 and 2024, marking a total increase of 199%.

What are the stamp duty and registration fees for properties in Gayathiri Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 4,00,000, resulting in a stamp duty of Rs 28,000 and a registration fee of Rs 8,000, totaling Rs 36,000.

Which Sub Registrar Office covers Gayathiri Nagar?

The Sriperumpudur Sub Registrar Office covers Gayathiri Nagar, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It is compared to the sale price, and the higher amount is used for calculating the applicable duties.