Guideline Value for Gayathri Nagar

Gayathri Nagar guideline value

The current guideline value of Gayathri Nagar is Rs 1,500 per sq.ft, as per the 2023 revision. This area is located in Urapakkam village and falls under the Gooduvancheri SRO. The land classification for this street is Residential Special Type - II.

How the guideline value of Gayathri Nagar has changed

Over the years, the guideline value of Gayathri Nagar has seen several revisions. The 2007 revision set the value at Rs 600 per sq.ft, which increased to Rs 1,500 per sq.ft in the 2012 revision, marking a significant rise of 150%. However, in the 2017 revision, the value dropped to Rs 1,005 per sq.ft, a decrease of 33%. The most recent revision in 2023 brought the guideline value back up to Rs 1,500 per sq.ft, reflecting an increase of 49% from the 2017 figure.

There are no figures available for the years 2002, 2003, and 2024 in the guideline value register for Gayathri Nagar. Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 150%.

Guideline values in Urapakkam

Currently, there are no specific village figures available for Urapakkam. Gayathri Nagar is part of the broader Urapakkam area, which is covered under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Gayathri Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, totaling Rs 1,35,000. 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 Gayathri Nagar?

The Gooduvancheri Sub Registrar Office covers Gayathri Nagar. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Urapakkam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

Buyers and sellers should be aware that the guideline value is set by the government and can vary based on the area and land classification. It is essential to refer to the latest revisions to ensure compliance with the current rates.

Frequently asked questions

What is the current guideline value of Gayathri Nagar?

The current guideline value of Gayathri Nagar is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 600 per sq.ft to Rs 1,500 per sq.ft in 2023, marking a total increase of 150% overall.

What are the stamp duty and registration fees for property in Gayathri Nagar?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 1,35,000 based on the current guideline value of Rs 15,00,000.

Which office handles property registration in Gayathri Nagar?

The Gooduvancheri Sub Registrar Office is responsible for property registration in Gayathri Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202.

Are there any revisions without figures for Gayathri Nagar?

Yes, there are no figures available for the years 2002, 2003, and 2024 in the guideline value register for Gayathri Nagar.