Guideline Value for Gengu St

Gengu St guideline value

The current guideline value of Gengu St in Thiruvallur village is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class I Type - III.

How the guideline value of Gengu St has changed

The guideline value for Gengu St has seen several revisions over the years. In 2003, the value was Rs 205 per sq.ft, which increased to Rs 320 per sq.ft in 2007, marking a change of +56%. The value then saw a significant jump to Rs 1,000 per sq.ft in 2012, an increase of +213%. However, it dropped to Rs 670 per sq.ft in 2017, reflecting a decrease of -33%. The value rose again to Rs 1,000 per sq.ft in 2023, with a +49% change, and is currently set at Rs 1,100 per sq.ft from the 2024 revision, which is a +10% increase from the previous year.

It is important to note that there is no figure for Gengu St in the 2002 revision. Overall, from 2003 to 2024, the guideline value has increased by +437%.

Guideline values in Thiruvallur

In Thiruvallur, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 3,850 per sq.ft. The median value is Rs 1,100 per sq.ft, which matches the current guideline value of Gengu St.

• Gopalapuram: Rs 1,100 per sq.ft (2024)
• Gandhi Road: Rs 3,300 per sq.ft (2024)
• Gandhipuram: Rs 1,320 per sq.ft (2024)
• Ganapathy Nagar: Rs 1,650 per sq.ft (2024)
• Indira Nagar: Rs 1,100 per sq.ft (2024)
• Inkarlal Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Gengu St

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Gengu St?

The Gengu St falls under the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process for property transactions in Thiruvallur. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official documents.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. These charges are based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Gengu St?

The current guideline value of Gengu St is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 205 per sq.ft in 2003 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of +437% over the years.

What is the land classification of Gengu St?

Gengu St is classified as Residential Class I Type - III, which indicates the type of development permitted in this area.

Where is the Sub Registrar Office for Gengu St located?

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How is the stamp duty calculated for properties in Gengu St?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value results in a total guideline value of Rs 11,00,000, with applicable fees calculated accordingly.