Guideline Value for Guduvancheri Extn

Guduvancheri Extn guideline value

The current guideline value of Guduvancheri Extn is Rs 1,500 per sq.ft, effective from 1 July 2024. This area is located in Gooduvancheri village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Guduvancheri Extn has changed

The guideline value for Guduvancheri Extn has undergone several revisions over the years. The 2017 revision set the value at Rs 1,005 per sq.ft, which remained unchanged in the 2023 revision, keeping it at Rs 1,500 per sq.ft. In the latest 2024 revision, the guideline value is still Rs 1,500 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, there has been a significant increase of 49%. The guideline value remained static from 2023 to 2024, showing a 0% change during that period. This consistency in the recent years reflects stability in the valuation for Guduvancheri Extn.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,500 per sq.ft, which is equal to the current value of Guduvancheri Extn.

• G.S.T. Road: Rs 3,500 per sq.ft (2024)
• Jagadeesh Nagar: Rs 2,001 per sq.ft (2024)
• Ganesh Nagar: Rs 1,200 per sq.ft (2024)
• Jagir Hussain Street: Rs 1,500 per sq.ft (2024)
• Gandhi Street: Rs 2,001 per sq.ft (2024)
• Gandhi Nagar 3rd Street: Rs 2,001 per sq.ft (2024)

Stamp duty and registration fee for property in Guduvancheri Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total cost for these fees to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Guduvancheri Extn?

The Guduvancheri Extn area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Gooduvancheri. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and standardization in property dealings.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential costs associated with the transaction. Buyers and sellers must be aware of these values to ensure compliance with legal requirements during property transfers.

Frequently asked questions

What is the current guideline value of Guduvancheri Extn?

The current guideline value of Guduvancheri Extn is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49% to reach Rs 1,500 per sq.ft in 2024. There was no change from 2023 to 2024.

What is the land classification for Guduvancheri Extn?

Guduvancheri Extn is classified as Residential Special Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Guduvancheri Extn?

For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 and the registration fee would be Rs 30,000, totaling Rs 1,35,000.

Where is the Sub Registrar Office for Guduvancheri Extn located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu registration zone.