Guideline Value for Gunasekaran Rail Nagar

Gunasekaran Rail Nagar guideline value

The current guideline value of Gunasekaran Rail Nagar 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 has changed

Over the years, the guideline value of Gunasekaran Rail Nagar has seen several revisions. The 2007 revision set the value at Rs 550 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in the 2012 revision. However, this value remained unchanged in the 2012 to 2017 period, where it dropped to Rs 1,005 per sq.ft. The most recent revision in 2023 brought the value back up to Rs 1,500 per sq.ft, marking a 49% increase from the 2017 figure.

In summary, from the 2007 revision to the 2023 revision, the overall change in guideline value is +173%. Notably, there are no figures available for the years 2002, 2003, and 2024 for this street.

Guideline values in Vandalur

Gunasekaran Rail Nagar is part of the Vandalur area, which is under the jurisdiction of the Gooduvancheri SRO. Currently, there are no other streets in Vandalur listed with guideline values.

Stamp duty and registration fee for property in Gunasekaran Rail Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, totaling Rs 1,35,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gunasekaran Rail Nagar?

The Sub Registrar Office that covers Gunasekaran Rail Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Vandalur, the guideline value serves as a reference point for determining the stamp duty and registration fees. This value is crucial during the registration process, as it helps establish the financial obligations of the buyer.

Additionally, the guideline value is used to ensure that the sale price is in line with the official rates set by the government. Buyers and sellers must be aware of these values to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Gunasekaran Rail Nagar?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and finally returned to Rs 1,500 per sq.ft in 2023.

What is the land classification for Gunasekaran Rail Nagar?

Gunasekaran Rail Nagar is classified as Residential Special Type - I.

What are the stamp duty and registration fees for a property in Gunasekaran Rail Nagar?

For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 and the registration fee would be Rs 30,000, totaling Rs 1,35,000.

Which Sub Registrar Office covers Gunasekaran Rail Nagar?

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