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Guideline Value

Corporate

Guideline Value for Gayathri Nagar 7th Street

₹2400/sq.ft.

The guideline value for Gayathri Nagar 7th 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]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Gayathri Nagar 7th Street

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Gayathri Nagar 7th Street guideline value

The current guideline value of Gayathri Nagar 7th Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Chembakkam village and falls under the Selaiyur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Gayathri Nagar 7th Street has changed

Over the years, the guideline value for Gayathri Nagar 7th Street has seen several revisions. 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 figure dropped to Rs 1,474 per sq.ft in 2017, only to rise again to Rs 2,200 per sq.ft in 2023. The latest revision in 2024 has brought the value to Rs 2,400 per sq.ft.

Notably, the changes between revisions show a +633% increase from 2007 to 2012, a -33% decrease from 2012 to 2017, a +49% increase from 2017 to 2023, and a +9% increase from 2023 to 2024. 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 guideline value for these streets is Rs 2,200 per sq.ft, placing Gayathri Nagar 7th Street above this median.

Stamp duty and registration fee for property in Gayathri Nagar 7th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total to Rs 2,16,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gayathri Nagar 7th Street?

The Sub Registrar Office that covers Gayathri Nagar 7th 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 information.

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

The guideline value is a crucial reference point when buying or selling property in Chembakkam. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers and sellers should ensure that the transaction reflects the guideline value to avoid any discrepancies.

When registering a property, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that all transactions are accurately recorded and taxed according to the prevailing regulations.

Frequently asked questions

What is the current guideline value of Gayathri Nagar 7th Street?

The current guideline value of Gayathri Nagar 7th 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, showing significant increases and decreases through various revisions.

What is the registration fee for properties in Gayathri Nagar 7th Street?

The registration fee for properties in Gayathri Nagar 7th Street is 2% of the guideline value or sale price, whichever is higher.

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.

What is the median guideline value for streets in Chembakkam?

The median guideline value for streets in Chembakkam is Rs 2,200 per sq.ft, with Gayathri Nagar 7th Street's value being above this median.