Guideline Value for SRI DEVI GAYATHRI NAGAR

Sri Devi Gayathri Nagar guideline value

The current guideline value of Sri Devi Gayathri Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Thadaperumbakkam_2 village, under the Ponneri SRO. The land classification for this area 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 seen several revisions over the years. In the 2017 revision, the value was Rs 134 per sq.ft. This figure increased significantly to Rs 300 per sq.ft in the 2023 revision, marking a change of +124%. The same rate of Rs 300 per sq.ft has been maintained in the 2024 revision, showing no change from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Therefore, the only recorded changes are from the 2017 revision to the 2023 and 2024 revisions, which both stand at Rs 300 per sq.ft.

Guideline values in Thadaperumbakkam_2

In Thadaperumbakkam_2, there are 23 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 600 per sq.ft, with the median value being Rs 300 per sq.ft. Sri Devi Gayathri Nagar's 2024 figure matches this median value.

• Sri Meenal Nagar: Rs 300 per sq.ft (2024)
• Sindur Nagar: Rs 300 per sq.ft (2024)
• Sri Sakthi Nagar: Rs 300 per sq.ft (2024)
• Senthamizh Nagar: Rs 400 per sq.ft (2024)
• Samundeeswari Nagar: Rs 300 per sq.ft (2024)
• Velavan Nagar: Rs 300 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 rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty, charged at 7%, would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that the 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 Sri Devi Gayathri Nagar?

Sri Devi Gayathri Nagar falls under the jurisdiction of the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Thadaperumbakkam_2

The guideline value plays a crucial role in property transactions in Thadaperumbakkam_2. It is used to determine the stamp duty and registration fees applicable during the registration of property transactions. Buyers and sellers must be aware that the guideline value is an essential factor in these financial calculations.

When a property is bought or sold, the guideline value is compared with the sale price. The higher of the two will be used to calculate the applicable stamp duty and registration fees, ensuring that the transaction adheres to the legal requirements set by the Registration Department.

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

How has the guideline value changed over the years?

The guideline value increased from Rs 134 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, marking a +124% change. The value remained the same in 2024.

What are the other streets in Thadaperumbakkam_2 with their guideline values?

Other streets in Thadaperumbakkam_2 include Sri Meenal Nagar, Sindur Nagar, Sri Sakthi Nagar, Senthamizh Nagar, Samundeeswari Nagar, and Velavan Nagar, with values ranging from Rs 300 to Rs 400 per sq.ft in 2024.

What is the registration fee for property in Sri Devi Gayathri Nagar?

The registration fee for property in Sri Devi Gayathri Nagar is calculated based on the guideline value. For example, for a property valued at Rs 3,00,000, the registration fee would be Rs 6,000 at 2%.

Where can I find the Sub Registrar Office for Sri Devi Gayathri Nagar?

The Ponneri Sub Registrar Office covers Sri Devi Gayathri Nagar and is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find more information by visiting the relevant link.