Guideline Value for Guru Gnanesh Nagar

Guru Gnanesh Nagar guideline value

The current guideline value of Guru Gnanesh Nagar, located in Adhanoor village under the Gooduvancheri SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Guru Gnanesh Nagar has changed

The guideline value for Guru Gnanesh Nagar has seen several revisions over the years. In the 2012 revision, the value was set at Rs 1,000 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 670 per sq.ft. The following revision in 2023 returned the value to Rs 1,000 per sq.ft, maintaining that figure into 2024, resulting in a 0% change from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has experienced no net change.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. The 2012 to 2017 period saw a decrease of 33%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 regarding this street.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO that have a 2024 guideline value ranging from Rs 670 to Rs 3,000 per sq.ft. The median value is Rs 1,000 per sq.ft, which is equal to the current guideline value of Guru Gnanesh Nagar.

• Gowtham nagar: Rs 1,000 per sq.ft (2024)
• I.H.F.D Nagar: Rs 1,000 per sq.ft (2024)
• Gokul Nagar: Rs 1,000 per sq.ft (2024)
• Godwin Nagar: Rs 1,000 per sq.ft (2024)
• Jasmine Nagar (I,II): Rs 1,000 per sq.ft (2024)
• Jawaharayia Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Guru Gnanesh Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is important to note that 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 Guru Gnanesh Nagar?

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

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

The guideline value plays a crucial role during the registration of property transactions in Adhanoor. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is considered to ensure that the transaction is recorded accurately. This helps in maintaining transparency in property dealings and ensures that the appropriate taxes are collected based on the established values.

Frequently asked questions

What is the current guideline value of Guru Gnanesh Nagar?

The current guideline value of Guru Gnanesh Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, and then back to Rs 1,000 per sq.ft in 2023, remaining the same in 2024.

What is the land classification for Guru Gnanesh Nagar?

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

Where is the Gooduvancheri Sub Registrar Office located?

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

How is stamp duty calculated for properties in Guru Gnanesh Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 at 7%.