Guideline Value for Gragapriya Nagar

Gragapriya Nagar guideline value

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

How the guideline value of Gragapriya Nagar has changed

According to the register, the guideline value for Gragapriya Nagar has seen revisions over the years. The most recent revision in 2024 maintained the value at Rs 300 per sq.ft, the same as in 2023. Prior to that, in 2017, the guideline value was Rs 201 per sq.ft. Notably, there are no registered figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%, and there has been no change from 2023 to 2024. Overall, from 2017 to 2024, the increase is also 49%.

Guideline values in Nemili_B

In Nemili_B, there are 97 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft, with a median value of Rs 250 per sq.ft. Gragapriya Nagar's 2024 figure of Rs 300 per sq.ft is above this median.

• Gowthami Nagar (Gowthami Estates): Rs 300 per sq.ft (2024)
• Gowtham Golden Avenue: Rs 300 per sq.ft (2024)
• Green Field New Town: Rs 600 per sq.ft (2024)
• Gnanambal Nagar: Rs 300 per sq.ft (2024)
• Gnammal Nagar: Rs 300 per sq.ft (2024)
• Hasiya Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Gragapriya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value is Rs 3,00,000. The stamp duty at 7% amounts to Rs 21,000, and the registration fee at 2% is Rs 6,000, making the total fees together Rs 27,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gragapriya Nagar?

The Sub Registrar Office that covers Gragapriya Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value plays a crucial role in the registration process of property transactions in Nemili_B. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property.

When a property is sold or purchased, the guideline value is taken into consideration to ensure that the appropriate taxes are levied. This value helps maintain transparency and standardization in real estate transactions.

Frequently asked questions

What is the current guideline value of Gragapriya Nagar?

The current guideline value of Gragapriya 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 remained at Rs 300 per sq.ft from 2023 to 2024, and increased by 49% from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023.

What is the land classification of Gragapriya Nagar?

Gragapriya Nagar is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

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

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

How is the stamp duty calculated for properties in Gragapriya 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 incurs a total stamp duty of Rs 21,000.