Guideline Value for Gnamani Nagar 5th Street

Gnamani Nagar 5th Street guideline value

The current guideline value of Gnamani Nagar 5th Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village, under the Pammal SRO, and is classified as Residential Class I Type - II.

How the guideline value of Gnamani Nagar 5th Street has changed

The guideline value for Gnamani Nagar 5th Street has undergone several revisions over the years. The earliest available figure is from the 2017 revision, which 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 most recent revision in 2024 set the value at Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that the register does not have 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 have a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value is Rs 1,320 per sq.ft, which is the same as the guideline value for Gnamani Nagar 5th Street.

• Gnamani Nagar 4th Street: Rs 1,320 per sq.ft (2024)
• Gnamani Nagar 3rd Street: Rs 1,320 per sq.ft (2024)
• Gnamani Nagar 2nd Street: Rs 1,320 per sq.ft (2024)
• Gnamani Nagar 1st 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 5th Street

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

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gnamani Nagar 5th Street?

The Sub Registrar Office that covers Gnamani Nagar 5th Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor in the property registration process in Pozhichalur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during property transactions.

When a property is sold, the registration fees and stamp duty are calculated based on the guideline value or the sale price, whichever is higher. 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 Gnamani Nagar 5th Street?

The current guideline value of Gnamani Nagar 5th Street is Rs 1,320 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 804 per sq.ft to Rs 1,320 per sq.ft in 2024, marking an overall increase of 64%.

What is the median guideline value for streets in Pozhichalur?

The median guideline value for streets in Pozhichalur is Rs 1,320 per sq.ft, which is the same as the guideline value for Gnamani Nagar 5th Street.

What are the registration fees for properties in Gnamani Nagar 5th Street?

The registration fees for properties in Gnamani Nagar 5th Street include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Gnamani Nagar 5th Street located?

The Sub Registrar Office for Gnamani Nagar 5th Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.