Guideline Value for Gayathri Nagar
₹2400/sq.ft.
The guideline value for Gayathri Nagar 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 | N/A |
| 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
- 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 guideline value
The current guideline value of Gayathri Nagar, located in Chembakkam village, is Rs 2,400 per sq.ft, effective from 1 July 2024. This area falls under the Selaiyur Sub Registrar Office and is classified as Residential Special Type - I.
How the guideline value of Gayathri Nagar has changed
Over the years, the guideline value for Gayathri Nagar has seen several revisions. The earliest recorded figure is from 2012, which was Rs 2,200 per sq.ft. This was followed by a decrease to Rs 1,474 per sq.ft in 2017. In 2023, the guideline value increased to Rs 2,200 per sq.ft, and the most recent revision in 2024 set the value at Rs 2,400 per sq.ft.
From 2017 to 2023, there was a significant increase of 49%, while the change from 2023 to 2024 reflects a 9% increase. Overall, comparing 2012 to 2024, the guideline value has risen by 9%. The register has no figures for the years 2002, 2003, and 2007 for this street.
Guideline values in Chembakkam
In Chembakkam, there are 472 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,700 per sq.ft. The median guideline value for the area is Rs 2,200 per sq.ft, placing Gayathri Nagar's 2024 figure above this median.
- Gayathri Nagar 1st Cross Street: Rs 2,400 per sq.ft (2024)
- Gayathri Nagar 1st Street: Rs 2,400 per sq.ft (2024)
- Gayathri Nagar 2nd Cross Street: Rs 2,400 per sq.ft (2024)
- Gayathri Nagar 2nd Street: Rs 2,400 per sq.ft (2024)
- Gayathri Nagar 3rd Cross Street: Rs 2,400 per sq.ft (2024)
- Gayathri Nagar 3rd Street: Rs 2,400 per sq.ft (2024)
Stamp duty and registration fee for property in Gayathri Nagar
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, while the registration fee at 2% would be Rs 48,000, bringing the total fees to Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.
For more details on calculating fees, you can use the stamp duty and registration fee calculator.
Which Sub Registrar Office covers Gayathri Nagar?
The Gayathri Nagar area is covered by 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 plays a crucial role during the registration process of property transactions in Chembakkam. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.
When buying or selling property, it is essential to be aware of the guideline value as it affects the overall cost of the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid potential legal issues during registration.
Frequently asked questions
What is the current guideline value of Gayathri Nagar?
The current guideline value of Gayathri Nagar 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 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then back to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in 2024.
What are the guideline values of other streets in Chembakkam?
Other streets in Chembakkam have a guideline value of Rs 2,400 per sq.ft for the year 2024, which is consistent across several streets in the Gayathri Nagar area.
What is the stamp duty rate for properties in Gayathri Nagar?
The stamp duty rate for properties in Gayathri Nagar is 7% of the guideline value or the 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.
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