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Guideline Value

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Guideline Value for Sri Gayathri Doctor's Nest Phase -IV

₹900/sq.ft.

The guideline value for Sri Gayathri Doctor's Nest Phase -iv in Puthucheri village (Padappai SRO, Chennai zone) is Rs 900 per sq.ft, effective 1 July 2024. It was Rs 811 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Puthucheri

Village

Padappai

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹900 /sq.ft.
From 1-4-2023 ₹811 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹543 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sri Gayathri Doctor's Nest Phase -iv

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Sri Gayathri Doctor's Nest Phase -IV guideline value

The current guideline value for Sri Gayathri Doctor's Nest Phase -IV is Rs 900 per sq.ft, effective from 1 July 2024. This property is located in Puthucheri village, under the Padappai SRO, and is classified as Residential Special Type - I.

How the guideline value of Sri Gayathri Doctor's Nest Phase -IV has changed

The guideline value for this street has seen significant changes over the years. The 2017 revision set the value at Rs 543 per sq.ft. This increased to Rs 811 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has further increased the guideline value to Rs 900 per sq.ft, which is an 11% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 66%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Puthucheri

Puthucheri village has 16 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 1,500 per sq.ft, with a median value of Rs 625 per sq.ft. The guideline value for Sri Gayathri Doctor's Nest Phase -IV is above this median.

Stamp duty and registration fee for property in Sri Gayathri Doctor's Nest Phase -IV

For a 1,000 sq.ft plot at the current rate of Rs 900 per sq.ft, the guideline value is Rs 9,00,000. The stamp duty at 7% would be Rs 63,000, and the registration fee at 2% would be Rs 18,000, totaling Rs 81,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Gayathri Doctor's Nest Phase -IV?

The Sub Registrar Office that covers Sri Gayathri Doctor's Nest Phase -IV 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 information.

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

The guideline value is a crucial factor when buying or selling property in Puthucheri, as it determines the amount of stamp duty and registration fees payable. This value is set by the Registration Department and is updated periodically, reflecting changes in the real estate market.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the financial implications of their transactions. It is essential to check the latest guideline value before proceeding with any real estate transaction.

Frequently asked questions

What is the current guideline value for Sri Gayathri Doctor's Nest Phase -IV?

The current guideline value for Sri Gayathri Doctor's Nest Phase -IV is Rs 900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 543 per sq.ft in 2017 to Rs 811 per sq.ft in 2023, and then to Rs 900 per sq.ft in 2024. This represents a total increase of 66% from 2017 to 2024.

What is the stamp duty rate for property in Sri Gayathri Doctor's Nest Phase -IV?

The stamp duty rate for property in this area is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for this property?

The Padappai Sub Registrar Office covers Sri Gayathri Doctor's Nest Phase -IV, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the land classification for Sri Gayathri Doctor's Nest Phase -IV?

The land classification for Sri Gayathri Doctor's Nest Phase -IV is Residential Special Type - I, indicating its designated use for residential purposes.