Guideline Value for Gindi vengadaswami Nayidu street

Gindi vengadaswami Nayidu street guideline value

The current guideline value of Gindi vengadaswami Nayidu street is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village under the Uthiramerur SRO, classified as Residential Class I Type - I.

How the guideline value of Gindi vengadaswami Nayidu street has changed

The guideline value for Gindi vengadaswami Nayidu street has seen several revisions over the years. The 2007 revision set the value at Rs 295 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in the 2012 revision, marking a rise of 239%. However, the 2017 revision saw a decrease to Rs 670 per sq.ft, a drop of 33%. The value then increased to Rs 1,000 per sq.ft in both the 2023 and 2024 revisions, with no change from 2023 to 2024.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 239%.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 1,800 per sq.ft, with a median value of Rs 800 per sq.ft. Gindi vengadaswami Nayidu street's 2024 value is above this median.

• Gengaiyamman Koil street: Rs 900 per sq.ft (2024)
• Irattai Thaleeshvaran Koil Street: Rs 1,500 per sq.ft (2024)
• Dhurgaiyamman Koil Street 1st Street: Rs 700 per sq.ft (2024)
• Dhurgaiyamman Koil 3rd Stret: Rs 700 per sq.ft (2024)
• Dhurgaiyamman Koil 2nd Street: Rs 700 per sq.ft (2024)
• Dans Pettai: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Gindi vengadaswami Nayidu street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gindi vengadaswami Nayidu street?

The Gindi vengadaswami Nayidu street falls under the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Uthiramerur. It serves as a benchmark for determining the minimum value at which a property can be sold or bought, ensuring that the transaction is recorded accurately in the official register.

When you buy or sell property, the guideline value is used to calculate applicable fees such as stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Gindi vengadaswami Nayidu street?

The current guideline value of Gindi vengadaswami Nayidu street is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 295 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and has remained at Rs 1,000 per sq.ft in the revisions of 2023 and 2024.

What is the land classification for Gindi vengadaswami Nayidu street?

Gindi vengadaswami Nayidu street is classified as Residential Class I Type - I, indicating its suitability for residential development.

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

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Uthiramerur Sub Registrar Office located?

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.