Guideline Value for Gunasekaran Rail Nagar Extn

Gunasekaran Rail Nagar Extn guideline value

The current guideline value of Gunasekaran Rail Nagar Extn is Rs 1,500 per sq.ft as per the 2023 revision. This area falls under the Gooduvancheri SRO and is classified as Residential Special Type - I.

How the guideline value of Gunasekaran Rail Nagar Extn has changed

The guideline value for Gunasekaran Rail Nagar Extn has seen several revisions over the years. In the 2007 revision, the value was set at Rs 550 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in the 2012 revision. However, it then dropped to Rs 1,005 per sq.ft in the 2017 revision, marking a decrease of 33%. The most recent revision in 2023 brought the guideline value back up to Rs 1,500 per sq.ft, reflecting an increase of 49% from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 173%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Vandalur

Currently, there are no specific village figures available for Vandalur. Gunasekaran Rail Nagar Extn is part of the Vandalur area, and the guideline value for this street is Rs 1,500 per sq.ft as of 2023.

Stamp duty and registration fee for property in Gunasekaran Rail Nagar Extn

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, making the total Rs 1,35,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Gunasekaran Rail Nagar Extn?

The Gooduvancheri Sub Registrar Office covers Gunasekaran Rail Nagar Extn. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

To find your specific SRO, you can visit find your SRO.

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

When buying or selling property in Vandalur, the guideline value plays a crucial role during the registration process. It is used to determine the stamp duty and registration fees that need to be paid to the government, ensuring compliance with legal requirements.

Buyers and sellers should be aware that the guideline value is often a reference point for the transaction price. However, the actual sale price may differ, and the higher amount will be considered for calculating the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Gunasekaran Rail Nagar Extn?

The current guideline value of Gunasekaran Rail Nagar Extn is Rs 1,500 per sq.ft as per the 2023 revision.

How much has the guideline value changed since 2007?

Since the 2007 revision, the guideline value has increased by 173%, rising from Rs 550 per sq.ft to Rs 1,500 per sq.ft in 2023.

What was the guideline value in the 2017 revision?

In the 2017 revision, the guideline value for Gunasekaran Rail Nagar Extn was Rs 1,005 per sq.ft.

Is there a guideline value available for the year 2024?

No, the register does not have a guideline value figure for Gunasekaran Rail Nagar Extn for the year 2024.

Where can I find the Gooduvancheri Sub Registrar Office?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.