Guideline Value for Gengu Reddy 1st Street, Lane

Gengu Reddy 1st Street, Lane guideline value

The current guideline value of Gengu Reddy 1st Street, Lane is Rs 8,300 per sq.ft, effective from 1 July 2024. This street is located in Egmore village and falls under the Periamet SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Gengu Reddy 1st Street, Lane has changed

The guideline value register has no figures for Gengu Reddy 1st Street, Lane for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision, from 2024, sets the guideline value at Rs 8,300 per sq.ft.

There have been no changes between the revisions listed above. The only available figure is from the 2024 revision, which is Rs 8,300 per sq.ft.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO that have a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value is Rs 7,100 per sq.ft, placing Gengu Reddy 1st Street, Lane above this median.

• Gengu Reddy 2nd Street, Lane: Rs 8,300 per sq.ft (2024)
• Gengu Reddy Road: Rs 13,400 per sq.ft (2024)
• Gengu Reddy Street: Rs 8,300 per sq.ft (2024)
• Gengu Salai: Rs 6,300 per sq.ft (2024)
• Gengy Reddy lane: Rs 8,300 per sq.ft (2024)
• Gillcrist Avenue: Rs 13,400 per sq.ft (2024)

Stamp duty and registration fee for property in Gengu Reddy 1st Street, Lane

For a 1,000 sq.ft plot at the current rate of Rs 8,300 per sq.ft, the guideline value would be Rs 83,00,000. The stamp duty at 7% would amount to Rs 5,81,000, while the registration fee at 2% would be Rs 1,66,000, totaling Rs 7,47,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Gengu Reddy 1st Street, Lane?

The Sub Registrar Office that covers Gengu Reddy 1st Street, Lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Egmore. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, it is essential to be aware of the guideline value, as it influences the overall costs involved in the transaction. Buyers should ensure that the sale price is at least equal to the guideline value to avoid additional charges or penalties during registration.

Frequently asked questions

What is the current guideline value of Gengu Reddy 1st Street, Lane?

The current guideline value of Gengu Reddy 1st Street, Lane is Rs 8,300 per sq.ft, effective from 1 July 2024.

What revisions have been made to the guideline value for this street?

The guideline value register has no figures for Gengu Reddy 1st Street, Lane for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 8,300 per sq.ft.

How does the guideline value compare to other streets in Egmore?

The guideline value of Gengu Reddy 1st Street, Lane is above the median value of Rs 7,100 per sq.ft for the 465 streets in Egmore under the Periamet SRO. Other streets in Egmore have varying guideline values ranging from Rs 2,800 to Rs 22,000 per sq.ft.

What are the stamp duty and registration fees for properties in this area?

For a 1,000 sq.ft plot at the guideline value of Rs 8,300 per sq.ft, the total guideline value would be Rs 83,00,000. The stamp duty at 7% would be Rs 5,81,000, and the registration fee at 2% would be Rs 1,66,000, totaling Rs 7,47,000.

Where can I find the Sub Registrar Office for Gengu Reddy 1st Street, Lane?

The Sub Registrar Office covering Gengu Reddy 1st Street, Lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find more details by using the provided link.