Guideline Value for Guru Nagar

Guru Nagar guideline value

The current guideline value of Guru Nagar is Rs 1,200 per sq.ft, as per the 2023 revision. This area falls under the Gooduvancheri Sub Registrar Office and is classified as Residential Class I Type - I.

How the guideline value of Guru Nagar has changed

The guideline value for Guru Nagar has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 550 per sq.ft. This increased significantly to Rs 1,200 per sq.ft in the 2012 revision, marking a rise of 118%. However, in the 2017 revision, the value decreased to Rs 804 per sq.ft, a drop of 33%. The most recent revision in 2023 saw the guideline value return to Rs 1,200 per sq.ft, representing a 49% increase from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 118%. It is important to note that there are no figures available for the years 2002, 2003, and 2024 in the register for this street.

Guideline values in Vandalur

Currently, there are no specific village figures provided for Vandalur. The guideline value of Guru Nagar is Rs 1,200 per sq.ft. There are no other streets in Vandalur listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Guru Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000. Together, the total charges would be Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Guru Nagar?

The Guru Nagar area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role when buying or selling property in Vandalur. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the registration process. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Guru Nagar?

The current guideline value of Guru Nagar is Rs 1,200 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2007 to Rs 1,200 per sq.ft in 2012, then decreased to Rs 804 per sq.ft in 2017, and returned to Rs 1,200 per sq.ft in 2023.

What are the stamp duty and registration fees in Guru Nagar?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 1,08,000.

Which Sub Registrar Office covers the area of Guru Nagar?

The Gooduvancheri Sub Registrar Office covers the area of Guru Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Are there any other streets in Vandalur under Gooduvancheri SRO?

No, there are no other streets in Vandalur listed under the Gooduvancheri SRO.