Guideline Value

Corporate

Guideline Value for Gayathri Nagar Main Road

₹2400/sq.ft.

The guideline value for Gayathri Nagar Main Road 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 Main Road

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Gayathri Nagar Main Road guideline value

The current guideline value of Gayathri Nagar Main Road is Rs 2,400 per sq.ft, effective from 1 July 2024. This road is located in Chembakkam village, under the Selaiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of Gayathri Nagar Main Road has changed

The guideline value of Gayathri Nagar Main Road has seen several revisions over the years. In 2007, the guideline value was Rs 300 per sq.ft, which increased significantly to Rs 2,200 per sq.ft in 2012, marking a remarkable rise of 633%. However, this value decreased to Rs 1,474 per sq.ft in 2017, a decline of 33%. The value then rose again to Rs 2,200 per sq.ft in 2023, before reaching the current figure of Rs 2,400 per sq.ft in 2024, an increase of 9% from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for Gayathri Nagar Main Road. Overall, from 2007 to 2024, the guideline value has increased by 700%.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO with 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, positioning Gayathri Nagar Main Road above this median.

Stamp duty and registration fee for property in Gayathri Nagar Main Road

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 essential to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Gayathri Nagar Main Road?

The Gayathri Nagar Main Road falls under the jurisdiction of 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 critical factor during the registration of property transactions in Chembakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. It is essential for both parties to be aware of this value to ensure compliance with legal requirements during the transaction process.

Frequently asked questions

What is the current guideline value of Gayathri Nagar Main Road?

The current guideline value of Gayathri Nagar Main Road 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 a significant overall increase of 700%.

What are the other streets in Chembakkam with similar guideline values?

Other streets in Chembakkam include Gayathri Nagar 7th Street and Gayathri Nagar 6th Street, both valued at Rs 2,400 per sq.ft in 2024. Gayathri Nagar 7th Cross Street is valued at Rs 2,700 per sq.ft.

What is the registration fee for property in Gayathri Nagar Main Road?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 24,00,000, the registration fee would be Rs 48,000.

Where can I find the Sub Registrar Office for Gayathri Nagar Main Road?

The Selaiyur Sub Registrar Office covers Gayathri Nagar Main Road, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.