Guideline Value for Gnanammal Garden

Gnanammal Garden guideline value

The current guideline value of Gnanammal Garden is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is located in Ayanavaram village, under the AnnaNagar SRO, and is classified as Residential Class II Type - I.

How the guideline value of Gnanammal Garden has changed

The guideline value for Gnanammal Garden has seen several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012. However, it then decreased to Rs 2,680 per sq.ft in 2017. The value rose significantly to Rs 4,000 per sq.ft in 2023, and further increased to Rs 4,400 per sq.ft in 2024, reflecting a 10% rise from the previous year.

From 2017 to 2023, there was a notable increase of 49%, while the jump from 2007 to 2012 was a substantial 300%. Overall, from 2007 to 2024, the guideline value has increased by 340%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ayanavaram

Ayanavaram village has a total of 369 streets under the AnnaNagar SRO, with the 2024 guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, placing Gnanammal Garden's 2024 figure below this median.

• G.K.M. Colony, Chennai 82: Rs 2,700 per sq.ft (2024)
• Gel. Coacher Street, Chennai 82: Rs 2,700 per sq.ft (2024)
• G Block 9th Street Extension: Rs 20,000 per sq.ft (2024)
• G Block 1st Avenue: Rs 20,000 per sq.ft (2024)
• Gopal Pillai Nagar: Rs 4,400 per sq.ft (2024)
• Govindaraj Street, Chennai 82: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Gnanammal Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. 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 Gnanammal Garden?

The Gnanammal Garden area is covered by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Ayanavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives due revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property. It is important for buyers and sellers to 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 Gnanammal Garden?

The current guideline value of Gnanammal Garden is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,000 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, showing an overall increase of 340% over the years.

What is the registration office for Gnanammal Garden?

The registration office for Gnanammal Garden is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Gnanammal Garden?

Stamp duty for properties in Gnanammal Garden is calculated at 7% of the guideline value or the sale price, whichever is higher. Additional registration fees are charged at 2% of the guideline value.

What are the guideline values of other streets in Ayanavaram?

The guideline values of other streets in Ayanavaram range from Rs 2,700 to Rs 20,000 per sq.ft. Gnanammal Garden's value is below the median of Rs 4,900 per sq.ft for the area.