Guideline Value for College Road

College Road guideline value

The current guideline value of College Road in Gowrivakkam village is Rs 1,600 per sq.ft, effective from 1 July 2024. This area falls under the Selaiyur SRO and is classified as Residential Special Type - II.

How the guideline value of College Road has changed

The guideline value for College Road has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 1,500 per sq.ft, marking a 49% rise. The most recent revision in 2024 has further increased the guideline value to Rs 1,600 per sq.ft, reflecting a 7% change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a modest increase of 7%.

Guideline values in Gowrivakkam

In Gowrivakkam, there are 130 streets under the Selaiyur SRO that have a 2024 guideline value ranging from Rs 840 to Rs 3,750 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of College Road is below this median.

• Durga Colony: Rs 1,400 per sq.ft (2024)
• Easwari Nagar 1st Street: Rs 3,750 per sq.ft (2024)
• Easwari Nagar 2nd Street: Rs 3,750 per sq.ft (2024)
• Bharathiar Street: Rs 880 per sq.ft (2024)
• Bavanandiar 3rd Street: Rs 1,600 per sq.ft (2024)
• Bavanandiar 2nd Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in College Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers College Road?

The Sub Registrar Office that covers College Road is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Gowrivakkam, 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, which are mandatory for legal property transactions.

Frequently asked questions

What is the current guideline value of College Road?

The current guideline value of College Road in Gowrivakkam is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,600 per sq.ft in 2024.

What are the stamp duty and registration fees for property on College Road?

For a 1,000 sq.ft plot at the current guideline value, the stamp duty is Rs 1,12,000 and the registration fee is Rs 32,000, totaling Rs 1,44,000.

Which Sub Registrar Office covers College Road?

The Selaiyur Sub Registrar Office covers College Road, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

What is the land classification of College Road?

College Road is classified as Residential Special Type - II under the Selaiyur SRO.