Guideline Value for SRI GUNNALAMMAN NAGAR

Sri Gunnalamman Nagar guideline value

The current guideline value of Sri Gunnalamman Nagar is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Puthakaram village, under the Walajabad SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sri Gunnalamman Nagar has changed

In the 2012 revision, the guideline value was set at Rs 150 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 100 per sq.ft, marking a reduction of 33%. The value then increased by 50% to Rs 150 per sq.ft in the 2023 revision, and it has remained the same in the 2024 revision, showing no change from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for Sri Gunnalamman Nagar. Therefore, we only have the figures from 2012, 2017, 2023, and 2024 to consider for this street.

Guideline values in Puthakaram

In Puthakaram, there are 10 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 300 per sq.ft, with a median value of Rs 200 per sq.ft. The guideline value of Sri Gunnalamman Nagar is below this median.

• Sri Dakshina Moorthy Nagar: Rs 250 per sq.ft (2024)
• SVP garden: Rs 150 per sq.ft (2024)
• Sai Thiruchandur Murugan Nagar: Rs 250 per sq.ft (2024)
• P.J.R Green Lands: Rs 150 per sq.ft (2024)
• Nandhavanam: Rs 200 per sq.ft (2024)
• Indraprastha: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Gunnalamman Nagar

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total to Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Sri Gunnalamman Nagar?

The Sub Registrar Office covering Sri Gunnalamman Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when buying or selling property in Puthakaram, as it determines the minimum value at which the property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory during the property transaction process.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to assess the applicable duties and fees. This ensures that the registration process is compliant with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Sri Gunnalamman Nagar?

The current guideline value of Sri Gunnalamman Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent being Rs 150 per sq.ft in both the 2023 and 2024 revisions. It decreased to Rs 100 per sq.ft in 2017 and was Rs 150 per sq.ft in 2012.

What is the land classification of Sri Gunnalamman Nagar?

Sri Gunnalamman Nagar is classified as Residential Class I Type - I, which indicates its suitability for residential development.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500 and the registration fee would be Rs 3,000, totaling Rs 13,500. These fees are calculated based on the guideline value or the sale price, whichever is higher.

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

The Walajabad Sub Registrar Office covers Sri Gunnalamman Nagar and is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.