Guideline Value for Gnamani Nagar 3rd Street

Gnamani Nagar 3rd Street guideline value

The current guideline value of Gnamani Nagar 3rd Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village under the Pammal SRO, classified as Residential Class I Type - II.

How the guideline value of Gnamani Nagar 3rd Street has changed

In the 2017 revision, the guideline value was Rs 804 per sq.ft. This increased to Rs 1,200 per sq.ft in the 2023 revision, marking a significant rise of 49%. The current guideline value in 2024 is Rs 1,320 per sq.ft, which reflects a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has risen by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median guideline value for these streets is Rs 1,320 per sq.ft, making Gnamani Nagar 3rd Street's 2024 figure equal to this median.

• Gnamani Nagar 2nd Street: Rs 1,320 per sq.ft (2024)
• Gnamani Nagar 4th Street: Rs 1,320 per sq.ft (2024)
• Gnamani Nagar 1st Street: Rs 1,320 per sq.ft (2024)
• Gnamani Nagar 5th Street: Rs 1,320 per sq.ft (2024)
• Gandhi Street (6): Rs 1,650 per sq.ft (2024)
• Gandhi Street (15): Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Gnamani Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, together totaling Rs 1,18,800. Duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Gnamani Nagar 3rd Street?

The Gnamani Nagar 3rd Street falls under the jurisdiction of the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial reference for property transactions in Pozhichalur. It determines the stamp duty and registration fees applicable during the buying or selling process, ensuring that these fees are calculated fairly based on the property's assessed value.

When registering a property, the guideline value serves as a baseline to ensure that the transaction is recorded at a value that reflects the current market conditions, helping to maintain transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of Gnamani Nagar 3rd Street?

The current guideline value of Gnamani Nagar 3rd Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What are the stamp duty and registration fees for properties in Gnamani Nagar 3rd Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 13,20,000. The stamp duty is Rs 92,400 at 7%, and the registration fee is Rs 26,400 at 2%, totaling Rs 1,18,800.

Which office handles property registrations for Gnamani Nagar 3rd Street?

The Pammal Sub Registrar Office handles property registrations for Gnamani Nagar 3rd Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the range of guideline values in Pozhichalur?

The guideline values in Pozhichalur range from Rs 1,100 to Rs 4,500 per sq.ft, with a median value of Rs 1,320 per sq.ft.