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 Peramanoor village and falls under the Chengleput Joint II SRO, classified as 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 remained unchanged until the 2017 revision, where it dropped to Rs 804 per sq.ft. This was a decrease of 33%. Subsequently, the value increased significantly to Rs 1,200 per sq.ft in 2023, marking a 49% rise from 2017. The most recent revision in 2024 has further increased the guideline value to Rs 1,320 per sq.ft, representing a 10% increase from the previous year.

It is important to note that there are no figures available for Gulasekaraalwar Street for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Gulasekaraalwar Street's 2024 figure above that 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)
• Green Valley Nagar: Rs 990 per sq.ft (2024)
• Haripriya Nagar (N): Rs 661 per sq.ft (2024)
• Gopolapuram (Sa): Rs 550 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, bringing the total fees to Rs 1,18,800. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gulasekaraalwar Street (Ward -5)?

The Chengleput Joint II Sub Registrar Office covers Gulasekaraalwar Street (Ward -5). The office is 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 Peramanoor

The guideline value is a crucial factor when buying or selling property in Peramanoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is registered, the guideline value is used to calculate the applicable fees, which can significantly impact the overall cost of the transaction. It is essential for both parties to understand how this value affects their financial obligations during the buying or selling process.

Frequently asked questions

What is the current guideline value of Gulasekaraalwar Street?

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 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Gulasekaraalwar Street?

Gulasekaraalwar Street is classified as Residential Special Type - V under the Chengleput Joint II SRO.

Where can I find the registration office for Gulasekaraalwar Street?

The registration office for Gulasekaraalwar Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a total fee of Rs 1,18,800, including stamp duty and registration fees.