Guideline Value for Gengu Reddy 2nd Street, Lane

Gengu Reddy 2nd Street, Lane guideline value

The current guideline value of Gengu Reddy 2nd Street, Lane is Rs 8,300 per sq.ft, effective from 1 July 2024. This street is located in Egmore village, under the Periamet Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - III.

How the guideline value of Gengu Reddy 2nd Street, Lane has changed

In the 2024 revision, the guideline value for Gengu Reddy 2nd Street, Lane is Rs 8,300 per sq.ft. The register has no figures for this street in the revisions from 2023, 2017, 2012, 2007, 2003, and 2002.

Since there are no figures available for previous revisions, there have been no changes recorded between the revisions listed above for Gengu Reddy 2nd Street, Lane.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value for these streets is Rs 7,100 per sq.ft, making the guideline value of Gengu Reddy 2nd Street, Lane above that median.

• Gengu Reddy 1st 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 2nd Street, Lane

For a 1,000 sq.ft plot at the current 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, making the total Rs 7,47,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Gengu Reddy 2nd Street, Lane?

The Gengu Reddy 2nd Street, Lane is covered by the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider the guideline value when negotiating sale prices to ensure compliance with registration requirements.

When a property is sold, 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 Gengu Reddy 2nd Street, Lane?

The current guideline value of Gengu Reddy 2nd Street, Lane is Rs 8,300 per sq.ft, effective from 1 July 2024.

What is the land classification for Gengu Reddy 2nd Street, Lane?

The land classification for Gengu Reddy 2nd Street, Lane is Residential Class I Type - III.

Are there any previous guideline values for Gengu Reddy 2nd Street, Lane?

The register has no figures for Gengu Reddy 2nd Street, Lane in the revisions from 2023, 2017, 2012, 2007, 2003, and 2002.

How is the stamp duty calculated for properties in Gengu Reddy 2nd Street, Lane?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 83,00,000, the stamp duty would be Rs 5,81,000.

Where can I find the Sub Registrar Office for Gengu Reddy 2nd Street, Lane?

The Sub Registrar Office covering Gengu Reddy 2nd Street, Lane is the Periamet SRO, located at 1103, Poonamallee High Road, Chennai-600 003.