Guideline Value for GURUDEV COLONY "GLO DUGAR"

Gurudev Colony "glo Dugar" guideline value

The current guideline value of Gurudev Colony "glo Dugar" is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Perumbakkam village, under the Selaiyur SRO, with a land classification of Residential Special Type - II.

How the guideline value of Gurudev Colony "glo Dugar" has changed

The guideline value for Gurudev Colony "glo Dugar" has undergone several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft. This was followed by a decrease to Rs 2,010 per sq.ft in 2017. The value then increased significantly to Rs 3,000 per sq.ft in 2023, and finally, it rose to Rs 3,300 per sq.ft in the 2024 revision.

In terms of percentage changes, the value increased by 10% from 2023 to 2024, and by 49% from 2017 to 2023. However, there was a notable decline of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 4,800 per sq.ft. The median value for these streets is Rs 2,725 per sq.ft, placing Gurudev Colony "glo Dugar" above this median.

• Gurudev Colony: Rs 2,725 per sq.ft (2024)
• Golden Castle: Rs 2,725 per sq.ft (2024)
• Gokul Nagar 40 Feet Road: Rs 3,300 per sq.ft (2024)
• Gokul Nagar 1st to 5th Cross street: Rs 3,300 per sq.ft (2024)
• Gokul Nagar: Rs 3,300 per sq.ft (2024)
• Indira Nagar Anna Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Gurudev Colony "glo Dugar"

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Gurudev Colony "glo Dugar"?

The Sub Registrar Office that covers Gurudev Colony "glo Dugar" is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp to Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perumbakkam. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that the government receives appropriate revenue from property transactions.

When a buyer or seller approaches the registration office, the guideline value will be referenced to calculate the required fees. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Gurudev Colony "glo Dugar"?

The current guideline value of Gurudev Colony "glo Dugar" is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024. It was Rs 2,010 per sq.ft in 2017 and Rs 3,000 per sq.ft in 2012.

What is the land classification for Gurudev Colony "glo Dugar"?

The land classification for Gurudev Colony "glo Dugar" is Residential Special Type - II.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp to Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is the stamp duty calculated for properties in Gurudev Colony "glo Dugar"?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value would be Rs 33,00,000.