Guideline Value

Corporate

Guideline Value for GuganSalai

₹3900/sq.ft.

The guideline value for Gugansalai in Egmore village (Periamet SRO, Chennai zone) is Rs 3900 per sq.ft, effective 1 July 2024. It was Rs 3600 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Egmore

Village

Periamet

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹3900 /sq.ft.
From 1-4-2023 ₹3600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2412 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3600 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹720 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

1103, Poonamallee High Road, Chennai-600 003.
044-25612486
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Gugansalai

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GuganSalai guideline value

The current guideline value of GuganSalai is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Egmore village under the Periamet SRO, classified as Residential Class III Type - I.

How the guideline value of GuganSalai has changed

The guideline value for GuganSalai has seen several revisions over the years. The earliest recorded figure is from 2003, at Rs 720 per sq.ft. This increased to Rs 1,500 per sq.ft in 2007, marking a significant rise of 108%. The value then jumped to Rs 3,600 per sq.ft in 2012, a 140% increase from the previous revision. However, it dropped to Rs 2,412 per sq.ft in 2017, reflecting a decrease of 33%. The value surged again to Rs 3,600 per sq.ft in 2023, and finally reached Rs 3,900 per sq.ft in 2024, an increase of 8% from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 442%. It is important to note that the register has no figure for GuganSalai in 2002.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO with 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, placing GuganSalai's 2024 figure below that median.

Stamp duty and registration fee for property in GuganSalai

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total to Rs 3,51,000. It is important to note that the 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 GuganSalai?

GuganSalai falls under 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 in property transactions in Egmore, as it determines the amount of stamp duty and registration fees payable during the registration process. Buyers and sellers must be aware that the guideline value is often used as a benchmark for property transactions, ensuring that the transaction is recorded accurately in the official registers.

When purchasing property, it is essential to consider the guideline value, as it can significantly impact the overall cost of the transaction. Additionally, understanding the guideline value helps in ensuring compliance with local regulations during the buying or selling process.

Frequently asked questions

What is the current guideline value of GuganSalai?

The current guideline value of GuganSalai is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value of GuganSalai changed over the years?

The guideline value has changed from Rs 720 per sq.ft in 2003 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 442% over the years.

What are the other streets in Egmore and their guideline values?

Other streets in Egmore include HallsLane at Rs 8,300 per sq.ft, Halls Road (Egmore) and Halls Road (Kilpauk) both at Rs 15,000 per sq.ft, Goyya thoppuStreet at Rs 3,900 per sq.ft, and Harrington 10th and 11th Avenues at Rs 13,400 per sq.ft.

What is the stamp duty for a property in GuganSalai?

The stamp duty for a property in GuganSalai is 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty would be Rs 2,73,000.

Which office do I need to visit for registration in GuganSalai?

The registration for properties in GuganSalai is handled by the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.