Guideline Value for G.S.T. Road

G.S.T. Road guideline value

The current guideline value of G.S.T. Road in Pulikoradu village is Rs 6,600 per sq.ft, effective from 1 July 2024. This property falls under the Tambaram Joint 1 SRO and is classified as Commercial Class I Type - I.

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

The guideline value for G.S.T. Road has seen several revisions over the years. The earliest recorded value was Rs 2,000 per sq.ft in 2007, which increased significantly to Rs 6,000 per sq.ft in 2012, marking a 200% rise. However, it dropped to Rs 4,020 per sq.ft in 2017, a decrease of 33%. The value then rose to Rs 6,000 per sq.ft in 2023, followed by a further increase to Rs 6,600 per sq.ft in 2024, reflecting a 10% change.

Overall, from 2007 to 2024, the guideline value has increased by 230%. The revisions for the years 2002 and 2003 do not have figures recorded for this street.

Guideline values in Pulikoradu

In Pulikoradu, there are 62 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 6,600 per sq.ft as of 2024. The median value for these streets is Rs 880 per sq.ft, indicating that G.S.T. Road's value is significantly above this median.

• Hill Grove Town: Rs 2,200 per sq.ft (2024)
• Gangaiamman Koil Street: Rs 880 per sq.ft (2024)
• Jain Avenue: Rs 2,200 per sq.ft (2024)
• Gandhi Nagar: Rs 880 per sq.ft (2024)
• Jayalalitha Street: Rs 1,100 per sq.ft (2024)
• Erikkarai Street: Rs 880 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 guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total to Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations.

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

The Sub Registrar Office that covers G.S.T. Road is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Pulikoradu

The guideline value is a crucial factor during the registration of property transactions in Pulikoradu. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the transaction complies with the regulations set by the Registration Department.

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 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 230% over this period.

What are the stamp duty rates for properties on G.S.T. Road?

The stamp duty rate for properties on G.S.T. Road is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office handles property registrations for G.S.T. Road?

The Tambaram Joint 1 Sub Registrar Office handles property registrations for G.S.T. Road, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the median guideline value in Pulikoradu?

The median guideline value for streets in Pulikoradu is Rs 880 per sq.ft, with G.S.T. Road's value being significantly higher at Rs 6,600 per sq.ft.