Guideline Value for Geetha Plots Dharma nagar extention

Geetha Plots Dharma nagar extention guideline value

The current guideline value of Geetha Plots Dharma nagar extention is Rs 2,000 per sq.ft, effective from 1 July 2024. This area is located in Ayappakkam village and falls under the Ambattur SRO, classified as Residential Class III Type - II.

How the guideline value of Geetha Plots Dharma nagar extention has changed

The guideline value for Geetha Plots Dharma nagar extention has seen significant changes over the years. In the 2017 revision, the value was Rs 1,250 per sq.ft, which increased to Rs 1,866 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the guideline value to Rs 2,000 per sq.ft, marking a 7% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 60%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The changes from 2017 to 2023 reflected a substantial increase of 49%, highlighting the evolving property landscape in the area.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft. The median value is Rs 1,300 per sq.ft, positioning Geetha Plots Dharma nagar extention above this median.

• Gayathiri Nagar Extention: Rs 1,100 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 Geetha Plots Dharma nagar extention

For a 1,000 sq.ft plot at the current rate of Rs 2,000 per sq.ft, the guideline value amounts to Rs 20,00,000. The stamp duty at 7% would be Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, totaling Rs 1,80,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Geetha Plots Dharma nagar extention?

The Geetha Plots Dharma nagar extention is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. To find your SRO, visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ayappakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When registering a property, the guideline value is used to calculate the fees based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Geetha Plots Dharma nagar extention?

The current guideline value of Geetha Plots Dharma nagar extention is Rs 2,000 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,250 per sq.ft in 2017 to Rs 1,866 per sq.ft in 2023 and then to Rs 2,000 per sq.ft in 2024, reflecting an overall increase of 60% from 2017 to 2024.

What is the median guideline value in Ayappakkam?

The median guideline value in Ayappakkam is Rs 1,300 per sq.ft, with Geetha Plots Dharma nagar extention's value being above this median.

How is stamp duty calculated for properties in Geetha Plots Dharma nagar extention?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at Rs 2,000 per sq.ft results in a guideline value of Rs 20,00,000, leading to a stamp duty of Rs 1,40,000.

Where can I find the Sub Registrar Office for Geetha Plots Dharma nagar extention?

The Ambattur Sub Registrar Office covers Geetha Plots Dharma nagar extention, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.