Guideline Value for Gnana moorthy Nagar Main Road

Gnana moorthy Nagar Main Road guideline value

The current guideline value of Gnana moorthy Nagar Main Road is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Menambedu village, under the Ambattur SRO, and is classified as Residential Special Type - I.

How the guideline value of Gnana moorthy Nagar Main Road has changed

In the 2012 revision, the guideline value was set at Rs 1,600 per sq.ft. The value then decreased to Rs 1,072 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 1,600 per sq.ft. The most recent revision in 2024 saw another increase to Rs 1,700 per sq.ft, which is a 6% rise from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Menambedu

In Menambedu, there are 171 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 6,680 per sq.ft. The median value for these streets is Rs 1,003 per sq.ft, placing the guideline value of Gnana moorthy Nagar Main Road above this median.

• Gnana moorthy Nagar Colony: Rs 1,700 per sq.ft (2024)
• Gnanamoorthy nagar: Rs 1,700 per sq.ft (2024)
• Gopalakrishnan Street: Rs 1,001 per sq.ft (2024)
• Govindharajan Street: Rs 1,700 per sq.ft (2024)
• Ganesh Street 6th Cross Road: Rs 1,700 per sq.ft (2024)
• Ganesh Street 5th Cross Road: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Gnana moorthy Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, while the registration fee at 2% would be Rs 34,000. Together, the total cost for these fees would be Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Gnana moorthy Nagar Main Road?

The Sub Registrar Office that covers Gnana moorthy Nagar Main Road is the Ambattur Sub Registrar Office, 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 Menambedu

The guideline value is a crucial factor during the registration of property transactions in Menambedu. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a buyer or seller registers a property, the guideline value ensures that the transaction is recorded at a standardized rate, which helps in maintaining transparency in property dealings. This value is essential for both parties to understand the financial implications of their transaction.

Frequently asked questions

What is the current guideline value of Gnana moorthy Nagar Main Road?

The current guideline value of Gnana moorthy Nagar Main Road is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2023 to Rs 1,700 per sq.ft in 2024. It increased from Rs 1,072 per sq.ft in 2017 to Rs 1,600 per sq.ft in 2023, and decreased from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017.

What are the guideline values of other streets in Menambedu?

Other streets in Menambedu have varying guideline values. For example, Gnana moorthy Nagar Colony and Gnanamoorthy nagar both have a guideline value of Rs 1,700 per sq.ft, while Gopalakrishnan Street has a value of Rs 1,001 per sq.ft.

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

For a property valued at Rs 17,00,000 on Gnana moorthy Nagar Main Road, the stamp duty would be Rs 1,19,000 and the registration fee would be Rs 34,000, totaling Rs 1,53,000. Duty is charged on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers the area of Gnana moorthy Nagar Main Road?

The Ambattur Sub Registrar Office covers Gnana moorthy Nagar Main Road. It is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.