Guideline Value for GUHAN STREET

Guhan Street guideline value

The current guideline value of Guhan Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Guhan Street has changed

Over the years, the guideline value of Guhan Street has seen several revisions. The 2007 revision set the value at Rs 1,200 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012. However, this value decreased to Rs 2,680 per sq.ft in the 2017 revision. Following that, the 2023 revision raised the value to Rs 4,000 per sq.ft, and the most recent 2024 revision set it at Rs 4,400 per sq.ft.

The changes between these revisions reflect various fluctuations. From 2007 to 2012, there was a notable increase of 233%. However, between 2012 and 2017, the value decreased by 33%. The 2023 revision marked a 49% increase from the 2017 value, and the 2024 revision saw a further increase of 10% from the 2023 figure. Overall, from 2007 to 2024, the guideline value has increased by 267%.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft as of 2024. The median guideline value for the village is Rs 5,800 per sq.ft, making Guhan Street's 2024 figure below that median.

• Haribabu Street: Rs 5,800 per sq.ft (2024)
• Hasthagiri Street: Rs 5,800 per sq.ft (2024)
• Govindaraj Street: Rs 4,400 per sq.ft (2024)
• GOVINDAN SALAI (Collectrate Colony): Rs 6,300 per sq.ft (2024)
• Gopalakrishnan Salai: Rs 5,300 per sq.ft (2024)
• Inbarajapuram 1st Street: Rs 4,600 per sq.ft (2024)

Stamp duty and registration fee for property in Guhan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Guhan Street?

The Sub Registrar Office that covers Guhan Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process for property transactions in Puliyur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the legal and financial implications of the transaction. It is essential to consider the guideline value to ensure compliance with local regulations and to avoid any potential issues during the registration process.

Frequently asked questions

What is the current guideline value of Guhan Street?

The current guideline value of Guhan Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase from Rs 4,000 per sq.ft in 2023 to Rs 4,400 per sq.ft in 2024. Overall, from 2007 to 2024, the value has increased by 267%.

What is the land classification of Guhan Street?

Guhan Street is classified as Residential Class IV Type - II, indicating its use for residential purposes.

Where is the Kodambakkam Sub Registrar Office located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for properties in Guhan Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000.