Guideline Value

Corporate

Guideline Value for Garugambakkam Salai

₹825/sq.ft.

The guideline value for Garugambakkam Salai in Kavulbazaar village (Pammal SRO, Chengalpattu zone) is Rs 825 per sq.ft, effective 1 July 2024. It was Rs 750 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Kavulbazaar

Village

Pammal

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹825 /sq.ft.
From 1-4-2023 ₹750 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹502 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075
044-22480069
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Garugambakkam Salai

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Garugambakkam Salai guideline value

The current guideline value of Garugambakkam Salai is Rs 825 per sq.ft, effective from 1 July 2024. This street is located in Kavulbazaar village under the Pammal Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

How the guideline value of Garugambakkam Salai has changed

The guideline value for Garugambakkam Salai has undergone several revisions over the years. The oldest recorded revision is from 2017, where the guideline value was Rs 502 per sq.ft. This increased to Rs 750 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 825 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kavulbazaar

In Kavulbazaar, there are 44 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 825 to Rs 4,500 per sq.ft. The median guideline value is Rs 825 per sq.ft, which is the same as the current guideline value for Garugambakkam Salai.

Stamp duty and registration fee for property in Garugambakkam Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value amounts to Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, leading to a total cost of Rs 74,250. It is essential to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Garugambakkam Salai?

The Sub Registrar Office that covers Garugambakkam Salai is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value serves as a benchmark for determining the stamp duty and registration fees when buying or selling property in Kavulbazaar. It is crucial for both buyers and sellers to understand that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value helps ensure that the transaction is documented accurately within the legal framework. This process provides transparency and helps maintain a record of property values in the area.

Frequently asked questions

What is the current guideline value of Garugambakkam Salai?

The current guideline value of Garugambakkam Salai is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 502 per sq.ft in 2017 to Rs 750 per sq.ft in 2023, and then to Rs 825 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What are the other streets in Kavulbazaar with the same guideline value?

Other streets in Kavulbazaar that have the same guideline value of Rs 825 per sq.ft in 2024 include Gandhi Street, Gandhi Salai, Duraimani Salai, Delhi Babu Street, Kalaignar Salai, and Kalaignar Street.

What are the stamp duty and registration fees for a property in Garugambakkam Salai?

The stamp duty for a property valued at Rs 8,25,000 is Rs 57,750, and the registration fee is Rs 16,500, totaling Rs 74,250. These fees are based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Garugambakkam Salai located?

The Sub Registrar Office for Garugambakkam Salai is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.