Guideline Value for Gundur Parameswarapuram

Gundur Parameswarapuram guideline value

The current guideline value of Gundur Parameswarapuram is Rs 2,420 per sq.ft, effective from 1 July 2024. This village falls under the Chengalpattu Town and is classified as Residential Class III Type - I within the Chengleput Joint I SRO.

How the guideline value of Gundur Parameswarapuram has changed

The guideline value for Gundur Parameswarapuram has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 450 per sq.ft. This increased significantly to Rs 2,200 per sq.ft in 2012, marking a 389% rise. However, from 2012 to 2017, the value decreased to Rs 1,474 per sq.ft, a drop of 33%. The value then increased to Rs 2,200 per sq.ft in 2023, followed by a further increase to Rs 2,420 per sq.ft in 2024, which represents a 10% rise from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 438%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Chengalpattu Town

In Chengalpattu Town, there are 55 streets under the Chengleput Joint I SRO with a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 3,025 per sq.ft, placing Gundur Parameswarapuram's 2024 value below that median.

• Gundur Mettu Street: Rs 2,475 per sq.ft (2024)
• Gundur Kutta karai: Rs 2,200 per sq.ft (2024)
• Gundur Colony Road: Rs 2,200 per sq.ft (2024)
• Gundur Colony: Rs 2,200 per sq.ft (2024)
• Gundur Church Road: Rs 2,200 per sq.ft (2024)
• Illuputhopu: Rs 3,025 per sq.ft (2024)

Stamp duty and registration fee for property in Gundur Parameswarapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value amounts to Rs 24,20,000. The stamp duty at 7% would be Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, leading to a total cost of Rs 2,17,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gundur Parameswarapuram?

The Sub Registrar Office that covers Gundur Parameswarapuram is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Chengalpattu Town. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the financial implications of the sale. This helps to maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Gundur Parameswarapuram?

The current guideline value of Gundur Parameswarapuram is Rs 2,420 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 450 per sq.ft in 2007 to Rs 2,420 per sq.ft in 2024, marking an overall increase of 438%.

What is the median guideline value in Chengalpattu Town?

The median guideline value for the streets in Chengalpattu Town is Rs 3,025 per sq.ft, with Gundur Parameswarapuram's value being below this median.

What are the stamp duty rates for property in Gundur Parameswarapuram?

The stamp duty rate for property in Gundur Parameswarapuram is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Gundur Parameswarapuram?

The Sub Registrar Office for Gundur Parameswarapuram is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, under the Chengleput Joint I SRO.