Guideline Value for GULASEKARAALWAR STREET (WARD -5)

Gulasekaraalwar Street (Ward -5) guideline value

The current guideline value of Gulasekaraalwar Street (Ward -5) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Panangottur village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - V.

How the guideline value of Gulasekaraalwar Street (Ward -5) has changed

Over the years, the guideline value of Gulasekaraalwar Street has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 804 per sq.ft. The value remained unchanged at Rs 1,200 per sq.ft in the 2023 revision. However, in the latest 2024 revision, the guideline value increased by 10% to Rs 1,320 per sq.ft.

From 2017 to 2023, there was a significant increase of 49% in the guideline value. Overall, comparing the 2012 revision to the 2024 revision, there has been a total increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Panangottur

In Panangottur village, there are 419 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value is Rs 990 per sq.ft, making the guideline value of Gulasekaraalwar Street (Ward -5) above the median.

• Gunaveerar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Gundalakesi Street (Ward -8): Rs 1,320 per sq.ft (2024)
• G.S.T. Road (Ward -18): Rs 2,200 per sq.ft (2024)
• Haripriya Nagar (N): Rs 660 per sq.ft (2024)
• Gopolapuram (Sa): Rs 440 per sq.ft (2024)
• Gopola Krishnan Nagar (Kr): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Gulasekaraalwar Street (Ward -5)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, making the total cost for these fees Rs 1,18,800. 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 Gulasekaraalwar Street (Ward -5)?

The Sub Registrar Office that covers Gulasekaraalwar Street (Ward -5) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Panangottur. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This value ensures that the government receives appropriate revenue from property transactions.

When selling property, the guideline value can influence the selling price, as it provides a benchmark for buyers. It is essential for both buyers and sellers to be aware of the current guideline value to make informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Gulasekaraalwar Street (Ward -5)?

The current guideline value of Gulasekaraalwar Street (Ward -5) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024, reflecting a 10% increase. It was Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012.

What is the land classification for Gulasekaraalwar Street?

The land classification for Gulasekaraalwar Street (Ward -5) is Residential Special Type - V.

What are the registration fees for property transactions in this area?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400, and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Where is the Sub Registrar Office for Gulasekaraalwar Street located?

The Sub Registrar Office for Gulasekaraalwar Street (Ward -5) is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.