Guideline Value for Gayathri Nagar 3rd Street
₹2400/sq.ft.
The guideline value for Gayathri Nagar 3rd Street in Chembakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2400 per sq.ft, effective 1 July 2024. It was Rs 2200 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Chembakkam
Village
Selaiyur
SRO
Residential Special Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹2400 /sq.ft. |
| From 1-4-2023 | ₹2200 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹1474 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹2200 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | ₹300 /sq.ft. |
| 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)
No.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[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]
Records for a plot on Gayathri Nagar 3rd Street
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Selaiyur sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Gayathri Nagar 3rd Street guideline value
The current guideline value of Gayathri Nagar 3rd Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Chembakkam village, under the Selaiyur SRO, and is classified as Residential Special Type - I.
How the guideline value of Gayathri Nagar 3rd Street has changed
The guideline value for Gayathri Nagar 3rd Street has undergone several revisions over the years. The 2007 revision set the value at Rs 300 per sq.ft, which increased significantly to Rs 2,200 per sq.ft in 2012. However, this value decreased to Rs 1,474 per sq.ft in 2017. Following this, the value rose to Rs 2,200 per sq.ft in 2023, and has now reached Rs 2,400 per sq.ft in the 2024 revision, marking a change of +9% from the previous year.
Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +700%. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.
Guideline values in Chembakkam
In Chembakkam, there are 472 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 6,700 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Gayathri Nagar 3rd Street above this median.
- Gayathri Nagar 3rd Cross Street: Rs 2,400 per sq.ft (2024)
- Gayathri Nagar 2nd Street: Rs 2,400 per sq.ft (2024)
- Gayathri Nagar 4th Cross Street: Rs 2,400 per sq.ft (2024)
- Gayathri Nagar 2nd Cross Street: Rs 2,400 per sq.ft (2024)
- Gayathri Nagar 4th Street: Rs 2,400 per sq.ft (2024)
- Gayathri Nagar 1st Street: Rs 2,400 per sq.ft (2024)
Stamp duty and registration fee for property in Gayathri Nagar 3rd Street
For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total cost to Rs 2,16,000. It is important to note that 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 Nagar 3rd Street?
The Gayathri Nagar 3rd Street falls under 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 Chembakkam
The guideline value is a crucial factor when registering property transactions in Chembakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.
When buying or selling property, it is essential to understand that the guideline value may differ from the actual sale price. The registration office will charge duty based on the higher of the two amounts, safeguarding the interests of both the buyer and the government.
Frequently asked questions
What is the current guideline value of Gayathri Nagar 3rd Street?
The current guideline value of Gayathri Nagar 3rd Street is Rs 2,400 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, marking a significant increase of +700% overall.
What is the median guideline value in Chembakkam?
The median guideline value in Chembakkam is Rs 2,200 per sq.ft, with Gayathri Nagar 3rd Street's value being above this median.
What are the stamp duty rates for property in Gayathri Nagar 3rd Street?
The stamp duty rate for property in Gayathri Nagar 3rd Street is 7%, calculated on the higher of the guideline value or the sale price.
Where is the Selaiyur Sub Registrar Office located?
The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.
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