Guideline Value for GURUMAHAN NAGAR

Gurumahan Nagar guideline value

The current guideline value of Gurumahan Nagar is Rs 165 per sq.ft, effective from 1 July 2024. This area is located in Pandeswaram village and falls under the Avadi SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Gurumahan Nagar has changed

The guideline value for Gurumahan Nagar has undergone several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 150 per sq.ft, which was an increase from the previous revisions. The most recent revision in 2024 raised the guideline value to Rs 165 per sq.ft, marking a 10% increase from the 2023 figure.

Thus, the guideline value has changed from Rs 150 per sq.ft in 2023 to Rs 165 per sq.ft in 2024. This increase reflects the adjustments made by the authorities and aligns Gurumahan Nagar with the median guideline value of Rs 165 per sq.ft for the streets in Pandeswaram under the Avadi SRO.

Guideline values in Pandeswaram

In Pandeswaram, there are seven streets under the Avadi SRO that have a 2024 guideline value ranging from Rs 165 to Rs 1,150 per sq.ft, with the median being Rs 165 per sq.ft. Gurumahan Nagar's 2024 figure is equal to this median. The following are the guideline values for other streets in Pandeswaram:

• Birla Nagar: Rs 165 per sq.ft (2024)
• Sri Balaji Nagar: Rs 330 per sq.ft (2024)
• Sri Bhavani Amman Nagar: Rs 165 per sq.ft (2024)
• Sri Mahalakshmi Nagar: Rs 165 per sq.ft (2024)
• Srinivasa Nagar: Rs 1,150 per sq.ft (2024)
• Sri Sudharsan Nagar: Rs 165 per sq.ft (2024)

Stamp duty and registration fee for property in Gurumahan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 165 per sq.ft, the total guideline value would be Rs 1,65,000. The stamp duty at 7% would amount to Rs 11,550, and the registration fee at 2% would be Rs 3,300, making the total cost for these fees Rs 14,850. 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 the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gurumahan Nagar?

The Gurumahan Nagar area is covered by the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for additional information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pandeswaram. It serves as a benchmark for determining the amount of stamp duty and registration fees to be paid, ensuring that transactions are conducted fairly and transparently.

Frequently asked questions

What is the current guideline value of Gurumahan Nagar?

The current guideline value of Gurumahan Nagar is Rs 165 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2023 to Rs 165 per sq.ft in 2024, with no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values of other streets in Pandeswaram?

Other streets in Pandeswaram have guideline values ranging from Rs 165 to Rs 1,150 per sq.ft, with Gurumahan Nagar's value being equal to the median of Rs 165 per sq.ft.

What fees are associated with property transactions in Gurumahan Nagar?

For a property valued at Rs 1,65,000, the stamp duty would be Rs 11,550, and the registration fee would be Rs 3,300, totaling Rs 14,850.

Where can I find the Sub Registrar Office for Gurumahan Nagar?

The Avadi Sub Registrar Office covers Gurumahan Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.