Guideline Value for Gnanagiri nagar

Gnanagiri nagar guideline value

The current guideline value of Gnanagiri nagar is Rs 1,950 per sq.ft, effective from 1 July 2024. This area is located in Vallam_B village under the Sriperumpudur SRO, classified as Mixed Type - I.

How the guideline value of Gnanagiri nagar has changed

The guideline value for Gnanagiri nagar has undergone significant changes over the years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 500 per sq.ft, which increased to Rs 1,950 per sq.ft in the 2024 revision, marking a change of +290%.

Prior to the 2023 revision, the last available figure was from 2023, and there are no figures for earlier years. The current value of Rs 1,950 per sq.ft reflects a substantial increase compared to the previous year's value.

Guideline values in Vallam_B

In Vallam_B, there are 73 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,950 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing Gnanagiri nagar's value above this median.

• Gayathiri Nagar: Rs 400 per sq.ft (2024)
• Gangaiyamman Koil Street: Rs 400 per sq.ft (2024)
• Gowtham Nagar: Rs 600 per sq.ft (2024)
• Gowtham Nagar Extn-IV: Rs 600 per sq.ft (2024)
• Green Holiday Resorts: Rs 300 per sq.ft (2024)
• Ganapathy Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Gnanagiri nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,950 per sq.ft, the total guideline value amounts to Rs 19,50,000. The stamp duty at 7% would be Rs 1,36,500, and the registration fee at 2% would be Rs 39,000, totaling Rs 1,75,500. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Gnanagiri nagar?

The Sub Registrar Office that covers Gnanagiri 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 Vallam_B

The guideline value plays a crucial role during the registration of property transactions in Vallam_B. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

Understanding the guideline value is essential for both buyers and sellers, as it ensures that the transaction is conducted in accordance with the legal requirements set by the Registration Department.

Frequently asked questions

What is the current guideline value of Gnanagiri nagar?

The current guideline value of Gnanagiri nagar is Rs 1,950 per sq.ft, effective from 1 July 2024.

How much did the guideline value change from 2023 to 2024?

From the 2023 revision to the 2024 revision, the guideline value increased from Rs 500 per sq.ft to Rs 1,950 per sq.ft, which is a change of +290%.

What is the median guideline value for streets in Vallam_B?

The median guideline value for streets in Vallam_B is Rs 400 per sq.ft, with Gnanagiri nagar's value being above this median.

What are the stamp duty rates applicable in Gnanagiri nagar?

The stamp duty rate applicable in Gnanagiri nagar is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Gnanagiri nagar located?

The Sub Registrar Office for Gnanagiri nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.