Guideline Value for Gunasekaran Nagar

Gunasekaran Nagar guideline value

The current guideline value of Gunasekaran Nagar is Rs 1,700 per sq.ft, effective from 1 July 2024. This locality is situated in Ayappakkam village, under the Ambattur SRO, and is classified as Residential Special Type - II.

How the guideline value of Gunasekaran Nagar has changed

Over the years, the guideline value of Gunasekaran Nagar has seen significant changes. In the 2007 revision, the value was Rs 800 per sq.ft. This increased to Rs 1,600 per sq.ft in the 2012 revision, followed by a decline to Rs 1,072 per sq.ft in 2017. The 2023 revision saw a rise to Rs 1,600 per sq.ft, and the current 2024 revision has further increased the value to Rs 1,700 per sq.ft. The register has no figures for the years 2002 and 2003.

From 2007 to 2024, the overall increase in the guideline value is 113%. Specifically, the value rose by 100% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then increased by 49% from 2017 to 2023. The latest change from 2023 to 2024 is an increase of 6%.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 4,000 per sq.ft. The median guideline value in this area is Rs 1,300 per sq.ft, placing Gunasekaran Nagar's 2024 figure above this median.

• Green Garden: Rs 1,700 per sq.ft (2024)
• Gp Homes Pearl Heritage: Rs 2,750 per sq.ft (2024)
• Govindharaj street (Iyappan nagar): Rs 1,700 per sq.ft (2024)
• I.C.F.Colony: Rs 1,700 per sq.ft (2024)
• I.C.F.Colony Extn.: Rs 1,700 per sq.ft (2024)
• Goldan City: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Gunasekaran Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, while the registration fee at 2% would be Rs 34,000, resulting in a total of Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gunasekaran Nagar?

The Sub Registrar Office that covers Gunasekaran 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 information.

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

The guideline value plays a crucial role during the registration of property transactions in Ayappakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and standardization in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers must be aware that these fees are based on the guideline value or the sale price, whichever is higher, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Gunasekaran Nagar?

The current guideline value of Gunasekaran Nagar is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 1,700 per sq.ft in 2024, reflecting an overall increase of 113% over the years.

What is the land classification of Gunasekaran Nagar?

Gunasekaran Nagar is classified as Residential Special Type - II, indicating its designated use for residential purposes.

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

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

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 17,00,000, the stamp duty would be calculated at 7% of that amount.