Guideline Value for Gnammal Nagar

Gnammal Nagar guideline value

The current guideline value of Gnammal Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Nemili_B village under the Sriperumpudur SRO and is classified as Residential Class I Type - I.

How the guideline value of Gnammal Nagar has changed

The guideline value for Gnammal Nagar has undergone several revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 600 per sq.ft, which was then reduced by 50% to Rs 300 per sq.ft in the 2024 revision.

This significant drop in the guideline value from 2023 to 2024 reflects a change in the valuation approach for this street. The current figure of Rs 300 per sq.ft is now established as the guideline value from 1 July 2024.

Guideline values in Nemili_B

In Nemili_B, there are 97 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value for Gnammal Nagar is above this median.

• Gnanambal Nagar: Rs 300 per sq.ft (2024)
• Gowtham Golden Avenue: Rs 300 per sq.ft (2024)
• Gowthami Nagar (Gowthami Estates): Rs 300 per sq.ft (2024)
• Gragapriya Nagar: Rs 300 per sq.ft (2024)
• Green Field New Town: Rs 600 per sq.ft (2024)
• Gandhi Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Gnammal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, resulting in a total of Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Gnammal Nagar?

The Sub Registrar Office that covers Gnammal Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Nemili_B. It serves as a benchmark for determining the stamp duty and registration fees that are applicable at the time of sale or purchase.

When a property is bought or sold, the guideline value is assessed to ensure that the appropriate taxes are levied. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Gnammal Nagar?

The current guideline value of Gnammal Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Gnammal Nagar was Rs 600 per sq.ft in 2023 and was reduced to Rs 300 per sq.ft in the 2024 revision. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Gnammal Nagar?

Gnammal Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Gnammal Nagar?

The Sub Registrar Office for Gnammal Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more information by visiting the appropriate link.