Guideline Value for SRI DEVI GAYATHRI NAGAR

Sri Devi Gayathri Nagar guideline value

The current guideline value of Sri Devi Gayathri Nagar is Rs 501 per sq.ft, effective from 1 July 2024. This area is located in Thadaperumbakkam village and falls under the Ponneri SRO. The land classification for this street is 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 undergone several revisions over the years. The most recent revision in 2024 shows a guideline value of Rs 501 per sq.ft, an increase from Rs 300 per sq.ft in 2023, marking a change of +67%. Prior to that, in 2017, the guideline value was Rs 134 per sq.ft, which means there was a significant increase of +124% from 2017 to 2023. The register has no figures for the years 2002, 2003, and 2007.

Looking further back, the guideline value was Rs 200 per sq.ft in 2012, which represents a decrease of -33% to Rs 134 per sq.ft in 2017. Overall, from 2012 to 2024, the guideline value has increased by +151% from Rs 200 per sq.ft to Rs 501 per sq.ft.

Guideline values in Thadaperumbakkam

In Thadaperumbakkam, there are 50 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 1,500 per sq.ft, with a median value of Rs 501 per sq.ft. The guideline value for Sri Devi Gayathri Nagar is equal to this median.

• Sri Balaji Avenue: Rs 501 per sq.ft (2024)
• Sri Amman Nagar: Rs 501 per sq.ft (2024)
• Sri Krishna Garden: Rs 501 per sq.ft (2024)
• Sri Krishna Residency: Rs 600 per sq.ft (2024)
• Sri Meenal Nagar: Rs 501 per sq.ft (2024)
• Sri Padmavathi Nagar: Rs 501 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 501 per sq.ft, the total guideline value would be Rs 5,01,000. The stamp duty at 7% would amount to Rs 35,070, and the registration fee at 2% would be Rs 10,020, making the total fees together Rs 45,090. 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 details.

Which Sub Registrar Office covers Sri Devi Gayathri Nagar?

The Sub Registrar Office that covers 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 Thadaperumbakkam

The guideline value is a crucial factor when registering property transactions in Thadaperumbakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process.

When a property is bought or sold, the guideline value is used to calculate the applicable duties. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, ensuring that the appropriate fees are collected for property transactions.

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 501 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 501 per sq.ft in 2024, marking an overall increase of +151%.

What are the stamp duty rates in Sri Devi Gayathri Nagar?

The stamp duty rate is 7% of the guideline value, while the registration fee is 2% of the guideline value.

Which office handles registrations for Sri Devi Gayathri Nagar?

The Ponneri Sub Registrar Office handles registrations for Sri Devi Gayathri Nagar, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What is the land classification for Sri Devi Gayathri Nagar?

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