Guideline Value for GOWRI STREET 3RD CROSS STREET

Gowri Street 3rd Cross Street guideline value

The current guideline value of Gowri Street 3rd Cross Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Vanagaram village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - III.

How the guideline value of Gowri Street 3rd Cross Street has changed

The guideline value for Gowri Street 3rd Cross Street has undergone several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in 2017. The 2023 revision increased it back to Rs 1,000 per sq.ft, and the latest revision in 2024 set the value at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

From 2012 to 2017, there was a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%. When considering the overall change from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Vanagaram

In Vanagaram, there are 287 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 770 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 1,660 per sq.ft, placing Gowri Street 3rd Cross Street's 2024 figure below this median.

• Gowri Street 2nd Cross Street: Rs 1,100 per sq.ft (2024)
• Gowri Street 4th Cross Street: Rs 1,100 per sq.ft (2024)
• Gowri Street 1st Cross Street: Rs 1,100 per sq.ft (2024)
• Gowri Street East: Rs 1,100 per sq.ft (2024)
• Gowri Street West: Rs 1,100 per sq.ft (2024)
• Guru Moorthy Seik Manyam: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Gowri Street 3rd Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, resulting in a total of Rs 99,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gowri Street 3rd Cross Street?

The Sub Registrar Office that covers Gowri Street 3rd Cross Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Vanagaram. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property in the area. The guideline value is set by the registration department and reflects the minimum value at which properties can be registered.

When a buyer or seller approaches the registration office, the guideline value will be considered to ensure that the transaction is recorded accurately. This helps in maintaining transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Gowri Street 3rd Cross Street?

The current guideline value of Gowri Street 3rd Cross Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Gowri Street 3rd Cross Street?

The land classification for Gowri Street 3rd Cross Street is Residential Class IV Type - III.

Where can I find the registration office for Gowri Street 3rd Cross Street?

The registration office for Gowri Street 3rd Cross Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

What is the median guideline value in Vanagaram?

The median guideline value in Vanagaram is Rs 1,660 per sq.ft, which is higher than the current guideline value of Rs 1,100 per sq.ft for Gowri Street 3rd Cross Street.