Guideline Value for Gayathri Nagar 4th Street

Gayathri Nagar 4th Street guideline value

The current guideline value of Gayathri Nagar 4th Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Irumpuliyur village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Gayathri Nagar 4th Street has changed

In the 2012 revision, the guideline value was Rs 3,500 per sq.ft. This figure remained the same in the 2012 and 2017 revisions, where it dropped to Rs 2,345 per sq.ft. The value then increased significantly to Rs 3,500 per sq.ft in the 2023 revision. The most recent revision in 2024 saw an increase to Rs 3,850 per sq.ft. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 shows a 10% increase in the guideline value.

Guideline values in Irumpuliyur

In Irumpuliyur village, there are 218 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 6,600 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing Gayathri Nagar 4th Street's 2024 figure above this median.

• Gayathri Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Gayathri Nagar 5th Street: Rs 2,200 per sq.ft (2024)
• Gayathiri Colony ( Gayathiri Nagar ): Rs 2,200 per sq.ft (2024)
• Gangai Street: Rs 2,200 per sq.ft (2024)
• Godhataraman Street: Rs 880 per sq.ft (2024)
• Gothavari Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Gayathri Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total cost for these fees to Rs 3,46,500. It is important 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 more detailed calculations.

Which Sub Registrar Office covers Gayathri Nagar 4th Street?

The Sub Registrar Office that covers Gayathri Nagar 4th Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Irumpuliyur

The guideline value is a crucial factor when registering property in Irumpuliyur. It serves as a benchmark for determining the minimum value at which a property can be sold or transferred. Buyers and sellers must consider the guideline value to ensure compliance with registration regulations.

At the time of registration, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Gayathri Nagar 4th Street?

The current guideline value of Gayathri Nagar 4th Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 3,500 per sq.ft in 2012 to Rs 2,345 per sq.ft in 2017, then rising to Rs 3,500 per sq.ft in 2023, and finally reaching Rs 3,850 per sq.ft in 2024.

What are the other streets in Irumpuliyur with guideline values?

Other streets in Irumpuliyur include Gayathri Nagar 3rd Street, Gayathri Nagar 5th Street, Gayathiri Colony, Gangai Street, Godhataraman Street, and Gothavari Street, with varying guideline values.

What is the stamp duty for property in Gayathri Nagar 4th Street?

The stamp duty for property in Gayathri Nagar 4th Street is calculated at 7% of the guideline value. For a 1,000 sq.ft plot, the stamp duty would be Rs 2,69,500.

Which office handles registrations for Gayathri Nagar 4th Street?

The Tambaram Joint 1 Sub Registrar Office handles registrations for Gayathri Nagar 4th Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.