Guideline Value for GURU DUWARA ST

Guru Duwara St guideline value

The current guideline value of Guru Duwara St, located in Mitnamalle village under the Avadi SRO, is Rs 806 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - III land classification.

How the guideline value of Guru Duwara St has changed

The guideline value for Guru Duwara St has seen significant changes over the years. In 2012, the value was Rs 250 per sq.ft, which decreased to Rs 167 per sq.ft in 2017. Following this, the value increased dramatically to Rs 800 per sq.ft in 2023, marking a 379% rise. The most recent revision in 2024 set the value at Rs 806 per sq.ft, reflecting a 1% increase from the previous year.

It is important to note that there are no recorded figures for Guru Duwara St in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 222%.

Guideline values in Mitnamalle

In Mitnamalle village, there are 53 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,550 per sq.ft. The median value for these streets is Rs 802 per sq.ft, and Guru Duwara St's 2024 figure is above this median.

• Happy Garden: Rs 802 per sq.ft (2024)
• Hava Nagar: Rs 802 per sq.ft (2024)
• High School St: Rs 804 per sq.ft (2024)
• Ganesh Nagar: Rs 806 per sq.ft (2024)
• Gandhi Road: Rs 802 per sq.ft (2024)
• Gandhi 2nd Cross: Rs 802 per sq.ft (2024)

Stamp duty and registration fee for property in Guru Duwara St

For a 1,000 sq.ft plot at the current guideline value of Rs 806 per sq.ft, the total guideline value amounts to Rs 8,06,000. The stamp duty at 7% would be Rs 56,420, and the registration fee at 2% would be Rs 16,120, making the total cost for these fees Rs 72,540. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Guru Duwara St?

The Sub Registrar Office that covers Guru Duwara St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mitnamalle. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is often referenced to ensure that the transaction is recorded accurately. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Guru Duwara St?

The current guideline value of Guru Duwara St is Rs 806 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2012?

Since 2012, the guideline value has increased from Rs 250 per sq.ft to Rs 806 per sq.ft in 2024, marking an overall increase of 222% over the years.

What were the revisions for Guru Duwara St in the past?

The revisions for Guru Duwara St are as follows: Rs 250 per sq.ft in 2012, Rs 167 per sq.ft in 2017, Rs 800 per sq.ft in 2023, and Rs 806 per sq.ft in 2024. There are no recorded figures for the years 2002, 2003, and 2007.

What is the median guideline value for streets in Mitnamalle?

The median guideline value for streets in Mitnamalle is Rs 802 per sq.ft, and Guru Duwara St's 2024 value of Rs 806 per sq.ft is above this median.

Where can I find the Sub Registrar Office for Guru Duwara St?

The Avadi Sub Registrar Office, which covers Guru Duwara St, is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.