Guideline Value for Gayathri Nagar East Street

Gayathri Nagar East Street guideline value

The current guideline value of Gayathri Nagar East Street is Rs 3,850 per sq.ft. This street is located in Hastinapuram village, under the Pallavaram SRO, and is classified as Mixed Type - II land.

How the guideline value of Gayathri Nagar East Street has changed

The guideline value for Gayathri Nagar East Street has undergone several revisions over the years. In 2007, the guideline value was set at Rs 700 per sq.ft. This figure saw a significant increase to Rs 3,500 per sq.ft in 2012, marking a 400% rise. However, between 2012 and 2017, the value decreased to Rs 2,345 per sq.ft, reflecting a drop of 33%. The value then increased again to Rs 3,500 per sq.ft in 2023, and most recently to Rs 3,850 per sq.ft in 2024, which is a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Hastinapuram

In Hastinapuram, there are 277 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 4,400 per sq.ft, with a median value of Rs 2,970 per sq.ft. The guideline value for Gayathri Nagar East Street is above this median.

• Gayathri Nagar North Street: Rs 3,850 per sq.ft (2024)
• Gayathri Nagar South Street: Rs 3,850 per sq.ft (2024)
• Gayathri Nagar West Street: Rs 3,850 per sq.ft (2024)
• Gayathri Nagar: Rs 3,850 per sq.ft (2024)
• Gangaiamman Koil Street: Rs 1,650 per sq.ft (2024)
• Ganesh Nagar: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Gayathri Nagar East Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total to Rs 3,46,500. 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 Gayathri Nagar East Street?

The Sub Registrar Office that covers Gayathri Nagar East Street is 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 here.

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

The guideline value is a critical factor when registering property transactions in Hastinapuram. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

Frequently asked questions

What is the current guideline value of Gayathri Nagar East Street?

The current guideline value of Gayathri Nagar East Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What is the land classification for Gayathri Nagar East Street?

Gayathri Nagar East Street is classified as Mixed Type - II land, which influences its guideline value and usage.

Where can I calculate stamp duty and registration fees?

You can calculate stamp duty and registration fees using the stamp duty and registration fee calculator available online.

Which office handles registrations for properties in this area?

The Pallavaram Sub Registrar Office handles registrations for properties in Gayathri Nagar East Street, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.