Guideline Value for GST ROAD (CHEN)

Gst Road (Chen) guideline value

The current guideline value of Gst Road (Chen) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Sengundram - 1 village under the Chengleput Joint II SRO and is classified as Residential Special Type - I.

How the guideline value of Gst Road (Chen) has changed

The guideline value for Gst Road (Chen) has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft. This figure remained unchanged until the 2017 revision, which reduced the value to Rs 1,340 per sq.ft, marking a decrease of 33%. The guideline value then increased significantly to Rs 2,000 per sq.ft in the 2023 revision, followed by another increase to Rs 2,200 per sq.ft in the 2024 revision, reflecting a 10% rise.

From 2017 to 2023, the value increased by 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value increased by 10%. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Sengundram - 1

Sengundram - 1 village has 126 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 660 to Rs 3,285 per sq.ft. The median guideline value in this village is Rs 880 per sq.ft, making the current value of Gst Road (Chen) above that median.

• Gowtham Kiran Avenue: Rs 880 per sq.ft (2024)
• Govindhapuram (Chen): Rs 1,100 per sq.ft (2024)
• Govindapuram (Villa) (Chen): Rs 1,540 per sq.ft (2024)
• Golden Avenue: Rs 1,320 per sq.ft (2024)
• Hill Grove Nagar (Chen): Rs 1,100 per sq.ft (2024)
• Hill View: Rs 1,807 per sq.ft (2024)

Stamp duty and registration fee for property in Gst Road (Chen)

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the 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 to Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Gst Road (Chen)?

The Gst Road (Chen) is covered by 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 Sengundram - 1

The guideline value is a crucial factor in the registration process when buying or selling property in Sengundram - 1. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is used to calculate the applicable charges, ensuring that the registration reflects the current value of the property as per the official records. This helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Gst Road (Chen)?

The current guideline value of Gst Road (Chen) 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 1,340 per sq.ft in 2017, then back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the median guideline value in Sengundram - 1?

The median guideline value in Sengundram - 1 is Rs 880 per sq.ft, with Gst Road (Chen) being above this median at Rs 2,200 per sq.ft.

What are the stamp duty and registration fees for property in Gst Road (Chen)?

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.

Which office handles the registration for Gst Road (Chen)?

The Chengleput Joint II Sub Registrar Office handles the registration for Gst Road (Chen), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.