Guideline Value for Guhan Street

Guhan Street guideline value

The current guideline value of Guhan Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village and falls under the Tambaram Joint 1 SRO. The land classification for Guhan Street is Residential Class I Type - III.

How the guideline value of Guhan Street has changed

The guideline value for Guhan Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 1,005 per sq.ft. Following this, the 2023 revision increased the value to Rs 1,500 per sq.ft, and the latest 2024 revision raised it further to Rs 1,650 per sq.ft, marking a 10% increase from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value for Guhan Street has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chitlapakkam

In Chitlapakkam village, there are 548 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value is Rs 1,650 per sq.ft, and Guhan Street's 2024 figure matches this median.

• G.S.T. Road: Rs 8,800 per sq.ft (2024)
• Hasimin Street: Rs 1,650 per sq.ft (2024)
• Gowthaman St: Rs 1,650 per sq.ft (2024)
• Gowsalya Nagar: Rs 3,300 per sq.ft (2024)
• Govindasamy Street: Rs 1,100 per sq.ft (2024)
• hirumagal Nagar 2st Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Guhan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Guhan Street?

The Sub Registrar Office that covers Guhan Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO here.

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

The guideline value is a crucial factor during the registration process of property transactions in Chitlapakkam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the officially recognized value of the property.

When buying or selling property, the guideline value helps in establishing a fair price for the transaction, and it is essential for both buyers and sellers to be aware of these values to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Guhan Street?

The current guideline value of Guhan Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revision in 2024 increasing it to Rs 1,650 per sq.ft from Rs 1,500 per sq.ft in 2023, a 10% increase. The value was Rs 1,005 per sq.ft in 2017 and Rs 1,500 per sq.ft in 2012.

What is the land classification for Guhan Street?

Guhan Street is classified as Residential Class I Type - III, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Guhan Street?

The Sub Registrar Office for Guhan Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in Guhan Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, for a property valued at Rs 16,50,000, the stamp duty at 7% would be Rs 1,15,500.