Guideline Value for G.S.T. Salai

G.S.T. Salai guideline value

The current guideline value of G.S.T. Salai in Kadaperi village is Rs 7,700 per sq.ft, effective from 1 July 2024. This area falls under the Tambaram Joint 1 SRO and is classified as Commercial Class I Type - I.

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

The guideline value for G.S.T. Salai has seen several revisions over the years. The 2007 revision set the value at Rs 2,500 per sq.ft, which increased significantly to Rs 7,000 per sq.ft in 2012. However, this value dropped to Rs 4,690 per sq.ft in 2017. The 2023 revision raised the value to Rs 7,000 per sq.ft, and the latest revision in 2024 has set it at Rs 7,700 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 208%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kadaperi

Kadaperi has a total of 142 streets under the Tambaram Joint 1 SRO, with 2024 guideline values ranging from Rs 880 to Rs 7,700 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, indicating that G.S.T. Salai's 2024 figure is above this median.

• G.S.T. Road: Rs 7,700 per sq.ft (2024)
• Housing scheme F.T.Z.Phase 3: Rs 1,320 per sq.ft (2024)
• Gangai Amman Koil Street: Rs 1,100 per sq.ft (2024)
• Jagir Hussain Street: Rs 1,320 per sq.ft (2024)
• Gandhi Road (Ward-5): Rs 7,700 per sq.ft (2024)
• Gandhi Road/salai: Rs 3,300 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value would be Rs 77,00,000. The stamp duty at 7% would amount to Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, bringing the total to Rs 6,93,000. It is important to note that the 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. Salai?

The G.S.T. Salai area is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. To find your SRO, you can visit this link.

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

The guideline value is a crucial factor when buying or selling property in Kadaperi, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, ensuring that all transactions are conducted transparently and in accordance with the law.

When a buyer purchases a property, the guideline value serves as a benchmark for the sale price. If the sale price is higher than the guideline value, the stamp duty is calculated based on the sale price, ensuring that the government receives the appropriate fees for the transaction.

Frequently asked questions

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

The current guideline value of G.S.T. Salai is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,500 per sq.ft in 2007 to Rs 7,700 per sq.ft in 2024, marking an overall increase of 208%.

What is the median guideline value in Kadaperi?

The median guideline value for the 142 streets in Kadaperi is Rs 1,650 per sq.ft, with G.S.T. Salai's value being above this median.

What are the stamp duty rates for G.S.T. Salai?

The stamp duty for properties in G.S.T. Salai is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for G.S.T. Salai located?

The Sub Registrar Office covering G.S.T. Salai is located at No.26, mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.