Guideline Value for G.S.T.SALAI

G.S.T.Salai guideline value

The current guideline value of G.S.T.Salai in Chengalpattu Natham village is Rs 3,850 per sq.ft, effective from 1 July 2024. This area falls under the Chengleput Joint II SRO and is classified as Mixed Special Type - III.

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 2012 revision set the value at Rs 3,500 per sq.ft, which remained unchanged in the 2017 revision. However, in 2017, the value dropped to Rs 2,345 per sq.ft, reflecting a decrease of 33%. The value then increased significantly to Rs 3,500 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has further increased the value to Rs 3,850 per sq.ft, a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for G.S.T.Salai. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Chengalpattu Natham

In Chengalpattu Natham, there are 88 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, making G.S.T.Salai's current value above this median.

• G.S.T.Salai (Main Road): Rs 4,400 per sq.ft (2024)
• Garden City Elite: Rs 2,200 per sq.ft (2024)
• Garden City: Rs 2,200 per sq.ft (2024)
• GANGAIAMMAN KOIL STREET (Malai Road): Rs 4,400 per sq.ft (2024)
• Gangaiamman Koil Street: Rs 4,400 per sq.ft (2024)
• Jabar Street: Rs 1,650 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 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty, charged at 7%, would amount to Rs 2,69,500, while the registration fee at 2% would be Rs 77,000. Together, these fees would total Rs 3,46,500. It is essential 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 Sub Registrar Office that covers G.S.T.Salai is 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 Chengalpattu Natham

The guideline value plays a crucial role in property transactions in Chengalpattu Natham. It is used to determine the stamp duty and registration fees that buyers must pay during the registration process. The guideline value is assessed based on various factors, including location and land classification.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. Buyers should ensure that they are informed about these values to avoid any unexpected costs during the registration process.

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 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2023 to Rs 3,850 per sq.ft in 2024, reflecting a 10% increase. It was Rs 2,345 per sq.ft in 2017 and Rs 3,500 per sq.ft in 2012.

What is the median guideline value for streets in Chengalpattu Natham?

The median guideline value for streets in Chengalpattu Natham is Rs 2,200 per sq.ft. G.S.T.Salai's current value is above this median.

What are the registration fees for property in G.S.T.Salai?

The registration fees for property in G.S.T.Salai include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for G.S.T.Salai is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.