Guideline Value for G.S.T. ROAD

G.S.T. Road guideline value

The current guideline value of G.S.T. Road in SingaperumalKoil village is Rs 2,000 per sq.ft, effective from 1 July 2024. This street falls under the Chengleput Joint II SRO and is classified as Residential Special Type - I.

How the guideline value of G.S.T. Road has changed

The guideline value for G.S.T. Road has undergone several revisions over the years. In 2007, the value was set at Rs 500 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, this value dropped to Rs 1,340 per sq.ft in 2017, before remaining unchanged at Rs 2,000 per sq.ft in both 2023 and the upcoming 2024 revision.

There are no figures available for the years 2002 and 2003 in the register for this street. The overall change from 2007 to 2024 reflects a substantial increase of 300% in the guideline value.

Guideline values in SingaperumalKoil

In SingaperumalKoil, there are 33 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,000 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for G.S.T. Road is above this median.

• Gengaiamman Koil Street: Rs 1,100 per sq.ft (2024)
• Gandhi Road: Rs 1,100 per sq.ft (2024)
• Kabilar Street: Rs 800 per sq.ft (2024)
• Kambar Street: Rs 800 per sq.ft (2024)
• Kollamettu Street: Rs 1,100 per sq.ft (2024)
• Buthar Street: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in G.S.T. Road

For a 1,000 sq.ft plot at the current rate of Rs 2,000 per sq.ft, the guideline value amounts to Rs 20,00,000. The stamp duty is calculated at 7%, totaling Rs 1,40,000, while the registration fee at 2% amounts to Rs 40,000. Together, these fees total Rs 1,80,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers G.S.T. Road?

The G.S.T. Road falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 SingaperumalKoil

The guideline value is a crucial factor in property transactions in SingaperumalKoil, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees, which are essential for completing the transaction legally. Understanding the guideline value helps in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of G.S.T. Road?

The current guideline value of G.S.T. Road is Rs 2,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 2,000 per sq.ft in 2012, then decreased to Rs 1,340 per sq.ft in 2017. It has remained at Rs 2,000 per sq.ft since 2023.

What are the other streets in SingaperumalKoil?

Other streets in SingaperumalKoil include Gengaiamman Koil Street, Gandhi Road, Kabilar Street, Kambar Street, Kollamettu Street, and Buthar Street, with varying guideline values.

What is the registration fee for property in G.S.T. Road?

The registration fee for property in G.S.T. Road is calculated based on the guideline value, which is currently Rs 2,000 per sq.ft. The fee is typically 2% of the guideline value.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the Chengleput Joint II Sub Registrar Office at 10, Kancheepuram Main Road, Chengalpattu 603 002. For more details, you can use the find your SRO link.