Guideline Value for Gnanambal Nagar

Gnanambal Nagar guideline value

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

How the guideline value of Gnanambal Nagar has changed

The guideline value for Gnanambal Nagar has undergone several revisions over the years. The earliest available figure is from the 2017 revision, which was Rs 201 per sq.ft. This increased significantly to Rs 400 per sq.ft in the 2023 revision, marking a 99% increase. However, in the most recent 2024 revision, the guideline value decreased to Rs 300 per sq.ft, reflecting a 25% drop from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012.

Overall, from 2017 to 2024, there has been a 49% increase in the guideline value. The current rate of Rs 300 per sq.ft is now above the median rate of Rs 250 per sq.ft for the 97 streets in Nemili_B under the Sriperumpudur SRO.

Guideline values in Nemili_B

In Nemili_B, there are 97 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft. Gnanambal Nagar's current guideline value of Rs 300 per sq.ft is above the median of Rs 250 per sq.ft. Here are some other streets in Nemili_B:

• Gnammal 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 Gnanambal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be 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, totaling Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gnanambal Nagar?

The Sub Registrar Office that covers Gnanambal 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 is a crucial factor in property transactions in Nemili_B, as it determines the stamp duty and registration fees payable during the registration process. Buyers and sellers should be aware that the guideline value is used to calculate these fees, ensuring that the transaction is compliant with local regulations.

When purchasing property, it is essential to consider the guideline value as it may impact the overall cost of the transaction. Understanding the guideline value helps in making informed decisions during property dealings in the area.

Frequently asked questions

What is the current guideline value of Gnanambal Nagar?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 201 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, and then decreased to Rs 300 per sq.ft in 2024. This reflects a 49% increase overall from 2017 to 2024.

What is the classification of land in Gnanambal Nagar?

Gnanambal Nagar is classified as Residential Class I Type - I, which is significant for property transactions and development regulations in the area.

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

The Sub Registrar Office covering Gnanambal Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for property in Gnanambal Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 300 per sq.ft would incur a total stamp duty of Rs 21,000.