Guideline Value for GURU HEERA NAGAR

Guru Heera Nagar guideline value

The current guideline value of Guru Heera Nagar is Rs 4,190 per sq.ft, effective from 1 July 2024. This street is located in Kerugambakkam village under the Pammal SRO, classified as Mixed Type - III.

How the guideline value of Guru Heera Nagar has changed

The guideline value for Guru Heera Nagar has seen significant changes over the years. The 2017 revision set the value at Rs 2,550 per sq.ft. With the latest 2024 revision, the value has increased to Rs 4,190 per sq.ft, marking a substantial increase of 64% from the previous revision.

It is important to note that there are no recorded figures for the years 2023, 2012, 2007, 2003, and 2002 for this street in the register. Therefore, the only relevant revisions are from 2017 and 2024.

Guideline values in Kerugambakkam

In Kerugambakkam, there are 144 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 4,800 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, making the 2024 figure for Guru Heera Nagar above this median.

• Indira Gandhi Street: Rs 1,980 per sq.ft (2024)
• Gayathri Nagar: Rs 1,980 per sq.ft (2024)
• Gangaiamman Koil Street: Rs 1,980 per sq.ft (2024)
• Gandhi Street: Rs 1,650 per sq.ft (2024)
• Jayaram Nagar: Rs 2,750 per sq.ft (2024)
• Jayaram Nagar Extn: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Guru Heera Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 4,190 per sq.ft, the total guideline value would be Rs 41,90,000. The stamp duty at 7% would be Rs 2,93,300, and the registration fee at 2% would be Rs 83,800, bringing the total cost for these fees to Rs 3,77,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Guru Heera Nagar?

The Sub Registrar Office that covers Guru Heera Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Kerugambakkam. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value ensures that the transaction reflects a fair value for taxation purposes. This helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Guru Heera Nagar?

The current guideline value of Guru Heera Nagar is Rs 4,190 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 2,550 per sq.ft to Rs 4,190 per sq.ft, which is a change of 64%.

What is the median guideline value in Kerugambakkam?

The median guideline value for the 144 streets in Kerugambakkam under the Pammal SRO is Rs 2,200 per sq.ft.

What are the stamp duty and registration fees for a property in Guru Heera Nagar?

For a property valued at Rs 41,90,000, the stamp duty would be Rs 2,93,300 and the registration fee would be Rs 83,800, totaling Rs 3,77,100.

Where can I find the Sub Registrar Office for Guru Heera Nagar?

The Sub Registrar Office for Guru Heera Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.