Guideline Value for Sri Gayathri Doctors Nest Phase III

Sri Gayathri Doctors Nest Phase III guideline value

The current guideline value of Sri Gayathri Doctors Nest Phase III is Rs 900 per sq.ft. This property is located in Puthucheri village under the Padappai SRO, classified as Residential Special Type - I.

How the guideline value of Sri Gayathri Doctors Nest Phase III has changed

The guideline value for Sri Gayathri Doctors Nest Phase III has undergone several revisions. The earliest recorded revision was in 2012, setting the value at Rs 810 per sq.ft. This was followed by a decrease to Rs 543 per sq.ft in 2017. The value then increased significantly to Rs 811 per sq.ft in 2023. The latest revision, effective from 1 July 2024, has set the guideline value at Rs 900 per sq.ft, reflecting an increase of 11% from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 11%. Notably, there are no recorded figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Puthucheri

In Puthucheri, there are 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 Doctors Nest Phase III is above this median.

• Sri Gayathri Doctor's Nest Phase -IV: Rs 900 per sq.ft (2024)
• Sri Sairam Nagar: Rs 550 per sq.ft (2024)
• Sri Sakthi Avenue: Rs 900 per sq.ft (2024)
• Pink House: Rs 550 per sq.ft (2024)
• Nimas: Rs 550 per sq.ft (2024)
• New Portia: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Gayathri Doctors Nest Phase III

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value amounts to 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. 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 Gayathri Doctors Nest Phase III?

The Sub Registrar Office covering Sri Gayathri Doctors Nest Phase III 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 minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees payable during the registration process.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, reflecting the current market conditions. Buyers and sellers should be aware of these values to ensure compliance with legal requirements during property transactions.

Frequently asked questions

What is the current guideline value of Sri Gayathri Doctors Nest Phase III?

The current guideline value of Sri Gayathri Doctors Nest Phase III 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 810 per sq.ft in 2012 to Rs 543 per sq.ft in 2017, then to Rs 811 per sq.ft in 2023, and finally to Rs 900 per sq.ft in 2024.

What is the land classification for Sri Gayathri Doctors Nest Phase III?

Sri Gayathri Doctors Nest Phase III is classified as Residential Special Type - I.

Where can I find the registration office for this property?

The registration office for Sri Gayathri Doctors Nest Phase III is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is stamp duty calculated for properties in Sri Gayathri Doctors Nest Phase III?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 63,000.