Guideline Value for Grist Nagar

Grist Nagar guideline value

The current guideline value of Grist Nagar is Rs 1,900 per sq.ft, effective from 1 July 2024. This area is located in Puthagaram village under the Ambattur SRO and is classified as Residential Class I Type - I.

How the guideline value of Grist Nagar has changed

The guideline value for Grist Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which was then reduced to Rs 1,206 per sq.ft in the 2017 revision. This was a decrease of 33%. The 2023 revision increased the value to Rs 1,800 per sq.ft, and the latest 2024 revision has raised it further to Rs 1,900 per sq.ft, marking a 6% increase from the previous year.

In summary, the guideline value has changed from Rs 1,800 in 2012 to Rs 1,900 in 2024, reflecting an overall increase of 6% over this period. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Puthagaram

Puthagaram village has a total of 140 streets under the Ambattur SRO, with guideline values ranging from Rs 1,200 to Rs 3,800 per sq.ft. The median guideline value for these streets is Rs 1,900 per sq.ft, which is equal to the current guideline value of Grist Nagar.

• G.S.naidu Nagar: Rs 1,300 per sq.ft (2024)
• Greas Nagar: Rs 1,900 per sq.ft (2024)
• Golden Nagar: Rs 2,201 per sq.ft (2024)
• Indira Nagar: Rs 2,201 per sq.ft (2024)
• Indira Nagar extention: Rs 2,201 per sq.ft (2024)
• Indira Nagar Extention 1st Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Grist Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total to Rs 1,71,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Grist Nagar?

The Sub Registrar Office that covers Grist Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process for property transactions in Puthagaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Grist Nagar?

The current guideline value of Grist Nagar is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 in 2012 to Rs 1,900 in 2024, with several revisions in between, including a decrease in 2017 and an increase in 2023.

What is the registration office for Grist Nagar?

The registration office for Grist Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated in Grist Nagar?

Stamp duty in Grist Nagar is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 19,00,000, the stamp duty would be Rs 1,33,000 at 7%.

What are the other streets with guideline values in Puthagaram?

Other streets in Puthagaram include G.S.naidu Nagar at Rs 1,300 per sq.ft, Greas Nagar at Rs 1,900 per sq.ft, Golden Nagar at Rs 2,201 per sq.ft, and several others with varying rates.