Guideline Value for Guru Nagar

Guru Nagar guideline value

The current guideline value of Guru Nagar, located in Pazhanthandalam village under the Padappai SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Guru Nagar has changed

The guideline value for Guru Nagar has seen several revisions over the years. In 2012, the value was Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in 2017. The next revision in 2023 increased it to Rs 1,000 per sq.ft, and the most recent revision in 2024 brought it to Rs 1,100 per sq.ft. The register has no figure for the years 2002, 2003, and 2007.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it increased by 49%. The change from the 2023 to 2024 revision is an increase of 10%. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value.

Guideline values in Pazhanthandalam

In Pazhanthandalam, there are 57 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,980 per sq.ft. The median value is Rs 1,100 per sq.ft, which is equal to the guideline value of Guru Nagar.

• G.T.Enclave: Rs 1,100 per sq.ft (2024)
• Green Bay Layout: Rs 770 per sq.ft (2024)
• Kalaimagal Nagar: Rs 770 per sq.ft (2024)
• Kalaimagal Nagar and Extn 1 to 6: Rs 770 per sq.ft (2024)
• Kalaimagal Nagar Part - I: Rs 440 per sq.ft (2024)
• Kalaimagal Nagar Part-II: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Guru Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Guru Nagar?

The Sub Registrar Office that covers Guru Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Pazhanthandalam. It determines the minimum value at which a property can be registered, ensuring that the government collects the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for both the buyer and seller. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Guru Nagar?

The current guideline value of Guru Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024. The value was Rs 670 per sq.ft in 2017 and Rs 1,000 per sq.ft in 2012.

What is the land classification of Guru Nagar?

Guru Nagar is classified as Residential Special Type - I, which indicates its suitability for residential development.

What are the stamp duty and registration fees in Guru Nagar?

The stamp duty is charged at 7%, and the registration fee is charged at 2% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total fee of Rs 99,000 based on the current guideline value.

Which office handles property registrations in Guru Nagar?

The Padappai Sub Registrar Office handles property registrations for Guru Nagar, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.