Guideline Value for SRI DEVI GAYATHRI NAGAR

Sri Devi Gayathri Nagar guideline value

The current guideline value of Sri Devi Gayathri Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Thachoor village under the Ponneri SRO and is classified as Residential Class II Type - I.

How the guideline value of Sri Devi Gayathri Nagar has changed

The guideline value for Sri Devi Gayathri Nagar has seen several revisions over the years. The most recent revisions show that the value was Rs 400 per sq.ft in both 2023 and 2024, indicating no change between these years. Prior to that, in 2017, the value was Rs 268 per sq.ft, which reflects a significant increase of 49% to reach the 2023 figure. The value was Rs 400 per sq.ft in 2012, leading to a decrease of 33% in 2017.

Overall, when comparing the 2012 figure to the current 2024 value, there has been no change, as both years reflect Rs 400 per sq.ft. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thachoor

In Thachoor village, there are 17 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 1,800 per sq.ft, with the median being Rs 400 per sq.ft. Sri Devi Gayathri Nagar's 2024 figure aligns with this median.

• Sri Bhavani Amman Nagar: Rs 400 per sq.ft (2024)
• Sri Balaji Nagar: Rs 400 per sq.ft (2024)
• Sith Krishna Nagar: Rs 400 per sq.ft (2024)
• Sakthi Sai Nagar Phase II: Rs 400 per sq.ft (2024)
• Sai Kannan Homes: Rs 300 per sq.ft (2024)
• R.C.Modern City: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Devi Gayathri Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, making a total of Rs 36,000. 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 further calculations.

Which Sub Registrar Office covers Sri Devi Gayathri Nagar?

The Sub Registrar Office covering Sri Devi Gayathri Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Thachoor. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. This ensures that the transaction is recorded at a value that reflects the prevailing market conditions in the area.

When you are registering a property, the guideline value serves as a benchmark for calculating the fees. It is essential for buyers and sellers to be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Devi Gayathri Nagar?

The current guideline value of Sri Devi Gayathri Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then back to Rs 400 per sq.ft in 2023 and 2024. The overall change from 2012 to 2024 shows no increase.

What is the land classification of Sri Devi Gayathri Nagar?

Sri Devi Gayathri Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles property registrations for the area.

How is the stamp duty calculated in Sri Devi Gayathri Nagar?

Stamp duty in Sri Devi Gayathri Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.