Guideline Value for Guna Nagar

Guna Nagar guideline value

The current guideline value of Guna Nagar, located in Palur-A village under the Chengleput Joint II SRO, is Rs 400 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Guna Nagar has changed

The guideline value for Guna Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 268 per sq.ft, which remained unchanged at Rs 400 per sq.ft in the 2023 revision. The 2024 revision also maintains this value at Rs 400 per sq.ft, indicating a 49% increase from the 2017 figure.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The changes between the revisions show that there was no increase from 2023 to 2024, while there was a significant increase of 49% from 2017 to 2023, leading to an overall increase of 49% from 2017 to 2024.

Guideline values in Palur-A

In Palur-A, there are 44 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 600 per sq.ft, with the median value being Rs 400 per sq.ft. Guna Nagar's 2024 guideline value is equal to this median.

• Green City: Rs 400 per sq.ft (2024)
• Grace Avenue: Rs 400 per sq.ft (2024)
• Gangadaran Nagar: Rs 400 per sq.ft (2024)
• Ganapathy Nagar: Rs 400 per sq.ft (2024)
• Dps Nagar: Rs 400 per sq.ft (2024)
• Ceeon Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Guna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Guna Nagar?

Guna Nagar falls under the jurisdiction of the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Palur-A

The guideline value is a critical factor in the registration process for property transactions in Palur-A. It is used to determine the stamp duty and registration fees that need to be paid during the sale or purchase of property in the area.

When buying or selling property, the guideline value ensures that the transaction is recorded at a value that reflects the official rates set by the government, thus providing a standard for taxation and legal documentation.

Frequently asked questions

What is the current guideline value of Guna Nagar?

The current guideline value of Guna Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft since the 2023 revision, with a significant increase of 49% from Rs 268 per sq.ft in the 2017 revision.

What is the land classification for Guna Nagar?

The land classification for Guna Nagar is Residential Special Type - I.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Guna Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, on a 1,000 sq.ft plot at the guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000, leading to a stamp duty of Rs 28,000.