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

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

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

The guideline value for G.S.T. Road Chamundeeswari has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 2,000 per sq.ft. This was followed by a decrease to Rs 1,340 per sq.ft in 2017, marking a decline of 33%. The value then increased significantly to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

In summary, the guideline value has increased from Rs 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024, representing an overall increase of 10%. The 2023 to 2024 revision saw a notable increase of 10%, while the jump from 2017 to 2023 was a substantial 49%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thailavaram

In Thailavaram village, there are 132 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for these streets 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 881 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 amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations based on your property details.

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 information.

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

The guideline value is a crucial factor in property transactions in Thailavaram, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these fees are based on a standardized valuation.

Additionally, the guideline value helps in maintaining transparency in property transactions, as it provides a reference point for both buyers and sellers. It is essential to be aware of the current guideline value to understand the financial implications of property transactions in the area.

Frequently asked questions

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

The current guideline value for 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, with notable increases and decreases in between, including a decrease to Rs 1,340 per sq.ft in 2017 and an increase to Rs 2,000 per sq.ft in 2023.

What is the land classification for G.S.T. Road Chamundeeswari?

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

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000. These fees are based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for G.S.T. Road Chamundeeswari?

The Chengleput Joint II Sub Registrar Office covers G.S.T. Road Chamundeeswari (Ward-21) and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.