Guideline Value for G.S.T. ROAD CHAMUNDEESWARI (WARD-21)

G.S.T. Road Chamundeeswari (Ward-21) guideline value

The current guideline value of G.S.T. Road Chamundeeswari (Ward-21) is Rs 2,200 per sq.ft, effective from 1 July 2024. This property is located in Potheri village under the Chengleput Joint II SRO, classified as Residential Special Type - I.

How the guideline value of G.S.T. Road Chamundeeswari (Ward-21) has changed

Over the years, the guideline value for G.S.T. Road Chamundeeswari has seen several revisions. The 2012 revision set the value at Rs 2,000 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 1,340 per sq.ft. The value remained at Rs 2,000 per sq.ft until the 2023 revision, which increased it to Rs 2,000 per sq.ft. The latest revision in 2024 raised the guideline value to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

In summary, from the 2012 revision to the 2024 revision, the overall change in guideline value is an increase of 10%. The revisions for the years 2002, 2003, and 2007 have no figures recorded for this street.

Guideline values in Potheri

Potheri village has a total of 129 streets under the Chengleput Joint II SRO, with the 2024 guideline values ranging from Rs 440 to Rs 2,970 per sq.ft. The median value is Rs 770 per sq.ft, placing G.S.T. Road Chamundeeswari's 2024 figure above this median.

• Gst Road Potheri (Ward-20): Rs 2,200 per sq.ft (2024)
• G.S.T Road Thailavaram (Ward-21): Rs 2,200 per sq.ft (2024)
• G.S.T.Road (Ward -1): Rs 2,200 per sq.ft (2024)
• Gurusamy Street (Ward-21): Rs 660 per sq.ft (2024)
• Handicaped Street (Ward-21): Rs 660 per sq.ft (2024)
• Gopula Krishna Nagar (Tai): Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in G.S.T. Road Chamundeeswari (Ward-21)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value is Rs 22,00,000. The stamp duty at 7% amounts to Rs 1,54,000, and the registration fee at 2% is Rs 44,000, making the total charges together Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers G.S.T. Road Chamundeeswari (Ward-21)?

The G.S.T. Road Chamundeeswari (Ward-21) 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 details.

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

The guideline value is a crucial factor in property transactions in Potheri, as it determines the minimum price at which a property can be registered. Buyers and sellers must be aware that the guideline value influences the stamp duty and registration fees applicable during the transaction.

When registering a property, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of G.S.T. Road Chamundeeswari (Ward-21)?

The current guideline value of G.S.T. Road Chamundeeswari (Ward-21) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 10%. The value increased by 10% from 2023 to 2024 and by 49% from 2017 to 2023.

What is the land classification for G.S.T. Road Chamundeeswari (Ward-21)?

The land classification for G.S.T. Road Chamundeeswari (Ward-21) is Residential Special Type - I, indicating its designated use for residential purposes.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles property registrations for the area.

How is the stamp duty calculated for properties in Potheri?

Stamp duty for properties in Potheri is calculated based on the higher of the guideline value or the sale price. This ensures that the correct amount of duty is paid during the registration process.