Guideline Value

Corporate

Guideline Value for Dr.Gurusamy Mudali Road

₹13400/sq.ft.

The guideline value for Dr.gurusamy Mudali Road in Egmore village (Periamet SRO, Chennai zone) is Rs 13400 per sq.ft, effective 1 July 2024. It was Rs 12300 per sq.ft from 1 April 2023, a 9% change. The land classification is Mixed Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Egmore

Village

Periamet

SRO

Mixed Type - I
History
Period Guideline Value
From 1-7-2024 ₹13400 /sq.ft.
From 1-4-2023 ₹12300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹8241 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹12300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2600 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1499 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1360 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

1103, Poonamallee High Road, Chennai-600 003.
044-25612486
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 Dr.gurusamy Mudali Road

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Dr.Gurusamy Mudali Road guideline value

The current guideline value of Dr.Gurusamy Mudali Road is Rs 13,400 per sq.ft, effective from 1 July 2024. This road is located in Egmore village under the Periamet SRO, classified as Mixed Type - I.

How the guideline value of Dr.Gurusamy Mudali Road has changed

The guideline value for Dr.Gurusamy Mudali Road has seen significant changes over the years. In the 2002 revision, the value was Rs 1,360 per sq.ft, which increased to Rs 1,499 per sq.ft in 2003. The value continued to rise, reaching Rs 2,600 per sq.ft in 2007, and then saw a substantial increase to Rs 12,300 per sq.ft in the 2012 revision. However, it dropped to Rs 8,241 per sq.ft in 2017 before climbing back to Rs 12,300 per sq.ft in 2023. The latest revision in 2024 has set the guideline value at Rs 13,400 per sq.ft.

Between the revisions, there were notable changes. From 2002 to 2024, the overall increase is 885%. The most significant jump occurred from 2007 to 2012, with a rise of 373%. Conversely, there was a decrease of 33% from 2012 to 2017. The increase from 2023 to 2024 is 9%, while the rise from 2017 to 2023 was 49%.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 22,000 per sq.ft, with a median value of Rs 7,100 per sq.ft. Dr.Gurusamy Mudali Road's 2024 figure is above this median.

Stamp duty and registration fee for property in Dr.Gurusamy Mudali Road

For a 1,000 sq.ft plot at the current rate of Rs 13,400 per sq.ft, the guideline value would be Rs 1,34,00,000. The stamp duty at 7% would amount to Rs 9,38,000, and the registration fee at 2% would be Rs 2,68,000, bringing the total to Rs 12,06,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dr.Gurusamy Mudali Road?

The Sub Registrar Office that covers Dr.Gurusamy Mudali Road is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more details.

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

The guideline value is a crucial metric used during the registration of property transactions in Egmore. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price. The higher of the two figures is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Dr.Gurusamy Mudali Road?

The current guideline value of Dr.Gurusamy Mudali Road is Rs 13,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, moving from Rs 1,360 per sq.ft in 2002 to Rs 13,400 per sq.ft in 2024. The most notable increase occurred between 2007 and 2012 when the value rose by 373%.

What is the median guideline value for streets in Egmore?

The median guideline value for streets in Egmore is Rs 7,100 per sq.ft, with Dr.Gurusamy Mudali Road's value being above this median.

How is stamp duty calculated for properties on Dr.Gurusamy Mudali Road?

Stamp duty for properties on Dr.Gurusamy Mudali Road is calculated at 7% of 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 total stamp duty of Rs 9,38,000.

Where can I find the Sub Registrar Office for Dr.Gurusamy Mudali Road?

The Sub Registrar Office for Dr.Gurusamy Mudali Road is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find more information online.