Guideline Value for Gnanammal Nagar

Gnanammal Nagar guideline value

The current guideline value of Gnanammal Nagar, located in Valarpuram village, is Rs 300 per sq.ft, effective from 1 July 2024. This area falls under the Sriperumpudur Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Gnanammal Nagar has changed

The guideline value for Gnanammal Nagar has seen several revisions over the years. The earliest recorded revision was in 2007, with a guideline value of Rs 100 per sq.ft. This increased to Rs 300 per sq.ft in 2012, maintaining the same value in the subsequent revision in 2023. The most recent revision in 2024 also set the value at Rs 300 per sq.ft, indicating no change from the previous year.

From 2012 to 2017, the guideline value decreased by 33% to Rs 201 per sq.ft. However, there was a significant increase of 49% from 2017 to 2023, bringing it back to Rs 300 per sq.ft. Overall, from the 2007 revision to the current 2024 figure, there has been a 200% increase in the guideline value.

Guideline values in Valarpuram

In Valarpuram, there are 91 streets under the Sriperumpudur SRO, with a 2024 guideline value ranging from Rs 100 to Rs 2,025 per sq.ft. The median value for these streets is Rs 300 per sq.ft, which aligns with the guideline value of Gnanammal Nagar.

• Golden Acres @ Shriram One City: Rs 1,800 per sq.ft (2024)
• Green Homes: Rs 400 per sq.ft (2024)
• Highways Nagar: Rs 600 per sq.ft (2024)
• Ezhil Nagar: Rs 200 per sq.ft (2024)
• Eswari Nagar Extension: Rs 400 per sq.ft (2024)
• Eswari Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Gnanammal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to 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, making the total cost for these fees 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 Gnanammal Nagar?

The Gnanammal Nagar area is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process of property transactions in Valarpuram. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable during the sale or purchase.

When buying or selling property, it is essential to be aware of the guideline value, as it affects the overall cost of the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Gnanammal Nagar?

The current guideline value of Gnanammal 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 fluctuated over the years, with the most recent revisions showing no change from 2023 to 2024, maintaining a value of Rs 300 per sq.ft. The value increased significantly from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023.

What is the registration fee for property in Gnanammal Nagar?

The registration fee for property in Gnanammal Nagar is calculated based on the guideline value. For example, for a 1,000 sq.ft plot valued at Rs 3,00,000, the registration fee at 2% would be Rs 6,000.

Which Sub Registrar Office handles Gnanammal Nagar?

The Sriperumpudur Sub Registrar Office handles Gnanammal Nagar, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum price at which a property can be registered and is essential for calculating stamp duty and registration fees. Buyers and sellers must consider this value to ensure compliance during property transactions.