Guideline Value for Gunduperumpedu New Town

Gunduperumpedu New Town guideline value

The current guideline value of Gunduperumpedu New Town is Rs 350 per sq.ft, effective from 1 July 2024. This area is located in Kunduperumpedu village, under the Sriperumpudur SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Gunduperumpedu New Town has changed

Over the years, the guideline value for Gunduperumpedu New Town has seen several revisions. The 2012 revision set the value at Rs 350 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 350 per sq.ft. The 2017 revision saw a decrease to Rs 234 per sq.ft, representing a 33% drop from the 2012 figure. The most recent 2024 revision has brought the value back to Rs 350 per sq.ft, marking a 50% increase from the 2017 value, but an overall change of 0% from the 2012 figure.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. The changes from the previous revisions indicate a stable guideline value in recent years, particularly from 2023 to 2024, where there was no change.

Guideline values in Kunduperumpedu

In Kunduperumpedu village, there are 35 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 500 per sq.ft. The median value for these streets is Rs 200 per sq.ft, placing Gunduperumpedu New Town's 2024 figure above this median.

• Guberan Nagar: Rs 250 per sq.ft (2024)
• Jemi Galaxy Nagar: Rs 300 per sq.ft (2024)
• Jemi Modern City - I: Rs 250 per sq.ft (2024)
• Jemi Modern City - II: Rs 250 per sq.ft (2024)
• Ganapathy Nagar: Rs 150 per sq.ft (2024)
• Jesus Garden: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Gunduperumpedu New Town

For a 1,000 sq.ft plot at the current rate of Rs 350 per sq.ft, the guideline value amounts to Rs 3,50,000. The stamp duty is charged at 7%, totaling Rs 24,500, while the registration fee is 2%, amounting to Rs 7,000. Together, the total cost for stamp duty and registration fee is Rs 31,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Gunduperumpedu New Town?

The Sub Registrar Office that covers Gunduperumpedu New Town is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kunduperumpedu. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps establish a fair price for the transaction, as it reflects the official valuation of the property based on its location and classification. Buyers and sellers should be aware of the guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Gunduperumpedu New Town?

The current guideline value of Gunduperumpedu New Town is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 350 per sq.ft from 2012 to 2024, with a drop to Rs 234 per sq.ft in 2017. There was no change from 2023 to 2024.

What is the land classification for Gunduperumpedu New Town?

Gunduperumpedu New Town is classified as Commercial Class I Type - I, which influences its guideline value.

Where is the Sriperumpudur Sub Registrar Office located?

The Sriperumpudur Sub Registrar Office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Gunduperumpedu?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a plot valued at Rs 3,50,000, the stamp duty would be Rs 24,500 at 7%.