Guideline Value for Gramani Street

Gramani Street guideline value

The current guideline value of Gramani Street in Naduveerapattu village is Rs 660 per sq.ft, effective from 1 July 2024. This street falls under the Padappai SRO and is classified as Residential Special Type - I.

How the guideline value of Gramani Street has changed

The guideline value for Gramani Street has undergone several revisions over the years. In 2012, the value was Rs 600 per sq.ft, which decreased to Rs 402 per sq.ft in 2017. This marked a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 600 per sq.ft, representing a 49% increase. The most recent revision in 2024 has set the value at Rs 660 per sq.ft, a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has seen a net increase of 10%.

Guideline values in Naduveerapattu

Naduveerapattu village has a total of 96 streets under the Padappai SRO, with guideline values ranging from Rs 330 to Rs 2,500 per sq.ft. The median guideline value is Rs 660 per sq.ft, which is equal to the 2024 figure for Gramani Street.

• Green Paradise: Rs 660 per sq.ft (2024)
• Green Paradise Part I and II: Rs 660 per sq.ft (2024)
• Green Paradise Phase - II: Rs 660 per sq.ft (2024)
• Gurupatham Nagar: Rs 550 per sq.ft (2024)
• Indigo Nagar: Rs 1,320 per sq.ft (2024)
• Indira Nagar: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Gramani Street

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees to Rs 59,400. 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 Gramani Street?

The Sub Registrar Office that covers Gramani Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Naduveerapattu. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

Frequently asked questions

What is the current guideline value of Gramani Street?

The current guideline value of Gramani Street is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the median guideline value in Naduveerapattu?

The median guideline value in Naduveerapattu is Rs 660 per sq.ft, which is the same as the 2024 figure for Gramani Street.

What are the stamp duty and registration fees for a property in Gramani Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 6,60,000. The stamp duty would be Rs 46,200, and the registration fee would be Rs 13,200, totaling Rs 59,400.

Which office should I contact for property registration in Gramani Street?

The Padappai Sub Registrar Office covers Gramani Street, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.