Guideline Value for Gayathri Garden Cross Street

Gayathri Garden Cross Street guideline value

The current guideline value of Gayathri Garden Cross Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village, under the Selaiyur SRO, and is classified as Residential Class I Type - II.

How the guideline value of Gayathri Garden Cross Street has changed

Over the years, the guideline value for Gayathri Garden Cross Street has seen several revisions. The most recent revision in 2024 set the value at Rs 1,700 per sq.ft, which is an increase from Rs 1,600 per sq.ft in the 2023 revision. Notably, there was no change in the value from the 2012 revision, which also recorded Rs 1,600 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2017.

In summary, from 2012 to 2024, the overall change in guideline value is an increase of 6%. The change from 2023 to 2024 represents a 6% increase. This indicates a stable period from 2012 to 2023, with no change in the guideline value during that time.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median value for these streets is Rs 2,400 per sq.ft, placing Gayathri Garden Cross Street's 2024 guideline value below this median.

• Gayathri Garden 1st Street: Rs 1,700 per sq.ft (2024)
• Gayathri Garden Main Road: Rs 1,700 per sq.ft (2024)
• Gayathri Garden 1st Cross Street: Rs 1,700 per sq.ft (2024)
• Gayathri Garden-Sudarsan Nagar: Rs 1,700 per sq.ft (2024)
• Gayathri Garden: Rs 1,700 per sq.ft (2024)
• Gayathri Avenue-Jayaprakash Narayanan Nagar: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Gayathri Garden Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total fees together to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gayathri Garden Cross Street?

The Sub Registrar Office that covers Gayathri Garden Cross Street 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 Madambakkam

The guideline value plays a crucial role in the registration of property transactions in Madambakkam. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on an official valuation.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial aspects of property transactions. Accurate knowledge of these values helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Gayathri Garden Cross Street?

The current guideline value of Gayathri Garden Cross Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained stable at Rs 1,600 per sq.ft from 2012 to 2023, with a recent increase to Rs 1,700 per sq.ft in 2024, representing a 6% increase from the previous year.

What is the median guideline value in Madambakkam?

The median guideline value for streets in Madambakkam is Rs 2,400 per sq.ft, which is higher than the current guideline value of Gayathri Garden Cross Street.

What are the stamp duty and registration fees for properties in Gayathri Garden Cross Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 17,00,000, with stamp duty of Rs 1,19,000 and registration fee of Rs 34,000, totaling Rs 1,53,000.

Which office handles registrations for Gayathri Garden Cross Street?

The Selaiyur Sub Registrar Office handles registrations for Gayathri Garden Cross Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.