Guideline Value for Gengu Salai

Gengu Salai guideline value

The current guideline value of Gengu Salai is Rs 6,300 per sq.ft, effective from 1 July 2024. This street is located in Egmore village, under the Periamet Sub Registrar Office (SRO), and is classified as Residential Class II Type - II.

How the guideline value of Gengu Salai has changed

The guideline value register has no figures for Gengu Salai for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision in 2024 sets the guideline value at Rs 6,300 per sq.ft.

Since there are no figures available for the previous years, it is clear that the current value has not seen any changes from prior revisions for this street.

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, with a median value of Rs 7,100 per sq.ft. Gengu Salai's 2024 figure is below this median.

• Gengu Reddy Street: Rs 8,300 per sq.ft (2024)
• Gengy Reddy lane: Rs 8,300 per sq.ft (2024)
• Gengu Reddy Road: Rs 13,400 per sq.ft (2024)
• Gillcrist Avenue: Rs 13,400 per sq.ft (2024)
• Gengu Reddy 2nd Street, Lane: Rs 8,300 per sq.ft (2024)
• Gengu Reddy 1st Street, Lane: Rs 8,300 per sq.ft (2024)

Stamp duty and registration fee for property in Gengu Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 6,300 per sq.ft, the total guideline value amounts to Rs 63,00,000. The stamp duty at 7% would be Rs 4,41,000, and the registration fee at 2% would be Rs 1,26,000, bringing the total costs together to Rs 5,67,000. Duty is charged on the guideline value or the sale price, whichever is higher.

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

Which Sub Registrar Office covers Gengu Salai?

The Sub Registrar Office that covers Gengu Salai is 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 a crucial factor when registering property transactions in Egmore. It determines the amount of stamp duty and registration fees applicable, ensuring that both buyers and sellers are aware of the costs involved.

When you buy or sell property, the guideline value serves as a reference point for the transaction. It is essential to understand that the duty is charged based on the higher of the guideline value or the sale price, which impacts the overall expenses during the registration process.

Frequently asked questions

What is the current guideline value of Gengu Salai?

The current guideline value of Gengu Salai is Rs 6,300 per sq.ft, effective from 1 July 2024.

What is the land classification of Gengu Salai?

Gengu Salai is classified as Residential Class II Type - II under the Periamet SRO.

Are there any previous guideline value figures for Gengu Salai?

The guideline value register has no figures for Gengu Salai for the years 2002, 2003, 2007, 2012, 2017, and 2023.

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

The guideline value of Rs 6,300 per sq.ft for Gengu Salai is below the median value of Rs 7,100 per sq.ft for the 465 streets in Egmore under the Periamet SRO.

Where is the Periamet Sub Registrar Office located?

The Periamet Sub Registrar Office is located at 1103, Poonamallee High Road, Chennai-600 003.