Guideline Value for Gnana Olipuram 3rd Street

Gnana Olipuram 3rd Street guideline value

The current guideline value of Gnana Olipuram 3rd Street is Rs 2,400 per sq.ft. This street is located in Thirumullaivoyal village, under the Ambattur SRO, with a land classification of Residential Class I Type - I.

How the guideline value of Gnana Olipuram 3rd Street has changed

The guideline value for Gnana Olipuram 3rd Street has undergone several revisions over the years. The oldest recorded revision is from 2007, where the guideline value was Rs 400 per sq.ft. This increased significantly to Rs 2,200 per sq.ft in 2012, marking a 450% rise. However, in 2017, the value decreased to Rs 1,474 per sq.ft, which is a decline of 33%. The most recent revision in 2024 has set the guideline value at Rs 2,400 per sq.ft, reflecting a 63% increase from 2017.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 500%. It is important to note that there are no figures available for the years 2023, 2003, and 2002 for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,400 per sq.ft, which is equal to the current value of Gnana Olipuram 3rd Street.

• Gnana Olipuram 2nd Street: Rs 2,400 per sq.ft (2024)
• Gnana Olipuram 1st Street: Rs 2,400 per sq.ft (2024)
• Gnanavoli Puram: Rs 2,400 per sq.ft (2024)
• Gokul Nagar: Rs 990 per sq.ft (2024)
• Golden Avenue: Rs 2,400 per sq.ft (2024)
• Geethanjali Street (Sri Sakthi Nagar): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Gnana Olipuram 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, making the total cost for these fees Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gnana Olipuram 3rd Street?

The Sub Registrar Office that covers Gnana Olipuram 3rd Street is the Ambattur Sub Registrar Office. The office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Thirumullaivoyal. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the fees are based on a standardized value set by the government.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property should be registered. This process safeguards against undervaluation and ensures that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Gnana Olipuram 3rd Street?

The current guideline value of Gnana Olipuram 3rd Street is Rs 2,400 per sq.ft as per the 2024 revision.

How much has the guideline value changed since 2007?

Since 2007, the guideline value has increased by 500%, from Rs 400 per sq.ft to Rs 2,400 per sq.ft in 2024.

What was the guideline value in 2017?

In 2017, the guideline value for Gnana Olipuram 3rd Street was Rs 1,474 per sq.ft.

Is there a guideline value for the year 2023?

No, the register has no figure for Gnana Olipuram 3rd Street in the year 2023.

Where can I find the Ambattur Sub Registrar Office?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.