Guideline Value for Gandapuram Selum ST

Gandapuram Selum ST guideline value

The current guideline value of Gandapuram Selum ST is Rs 260 per sq.ft. This street is located in Ammayarkuppam village, under the Ramakrishna Rajupettai SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Gandapuram Selum ST has changed

The guideline value for Gandapuram Selum ST has seen several revisions over the years. The 2007 revision set the value at Rs 100 per sq.ft, which increased to Rs 260 per sq.ft in 2012. However, it dropped to Rs 174 per sq.ft in 2017 before stabilizing again at Rs 260 per sq.ft in both the 2023 and 2024 revisions. The register has no figure for this street in 2002 and 2003.

From 2017 to 2023, there was a significant increase of 49%. The value remained unchanged from 2023 to 2024, reflecting a 0% change. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 160%.

Guideline values in Ammayarkuppam

Ammayarkuppam has 43 streets under the Ramakrishna Rajupettai SRO, with guideline values ranging from Rs 150 to Rs 260 per sq.ft. The median value for these streets is Rs 260 per sq.ft, which is the same as the guideline value for Gandapuram Selum ST.

• Gandhi Salai: Rs 260 per sq.ft (2024)
• Gandhi Salai East Bazzar: Rs 260 per sq.ft (2024)
• G.S.D. Nagar: Rs 241 per sq.ft (2024)
• Kamarajar Harijana Colony: Rs 150 per sq.ft (2024)
• Kamarajar St: Rs 260 per sq.ft (2024)
• Beeranji St: Rs 241 per sq.ft (2024)

Stamp duty and registration fee for property in Gandapuram Selum ST

For a 1,000 sq.ft plot at the current guideline value of Rs 260 per sq.ft, the total guideline value amounts to Rs 2,60,000. The stamp duty, charged at 7%, would be Rs 18,200, while the registration fee at 2% would be Rs 5,200. Together, these fees total Rs 23,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gandapuram Selum ST?

The Gandapuram Selum ST is covered by the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions within Ammayarkuppam. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When registering a property, the guideline value is used to calculate the necessary fees, ensuring that both buyers and sellers are aware of the financial implications involved in the transaction. This helps maintain transparency in property dealings.

Frequently asked questions

What is the current guideline value of Gandapuram Selum ST?

The current guideline value of Gandapuram Selum ST is Rs 260 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 260 per sq.ft in 2012, then decreased to Rs 174 per sq.ft in 2017, and has remained at Rs 260 per sq.ft in both 2023 and 2024.

What is the land classification for Gandapuram Selum ST?

The land classification for Gandapuram Selum ST is Residential Class I Type - I, indicating its suitability for residential development.

What is the registration office for Gandapuram Selum ST?

The registration office for Gandapuram Selum ST is the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone.

How is the stamp duty calculated for properties in Gandapuram Selum ST?

Stamp duty for properties in Gandapuram Selum ST is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.