Guideline Value for Gurunathar Street

Gurunathar Street guideline value

The current guideline value of Gurunathar Street is Rs 2,150 per sq.ft, effective from 1 July 2024. This street is located in Rajakilpakkam village, under the Selaiyur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Gurunathar Street has changed

In the 2012 revision, the guideline value was set at Rs 2,000 per sq.ft. This figure decreased to Rs 1,340 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 2,000 per sq.ft, which is a rise of 49%. The most recent revision in 2024 brought the guideline value to Rs 2,150 per sq.ft, reflecting an 8% increase from the previous year.

The register has no figures for Gurunathar Street for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 5,000 per sq.ft. The median guideline value is Rs 2,150 per sq.ft, which is the same as the current value for Gurunathar Street.

• Hansa Garden: Rs 2,700 per sq.ft (2024)
• Hansa Garden 'A' Block: Rs 2,700 per sq.ft (2024)
• Hansa Garden 'B' Block: Rs 2,700 per sq.ft (2024)
• Hansa Garden 'C' Block: Rs 2,700 per sq.ft (2024)
• Hansa Garden 'D' Block: Rs 2,700 per sq.ft (2024)
• Hansa Garden 'E' Block: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Gurunathar Street

For a 1,000 sq.ft plot at the current rate of Rs 2,150 per sq.ft, the guideline value amounts to Rs 21,50,000. The stamp duty at 7% would be Rs 1,50,500, and the registration fee at 2% would be Rs 43,000, totaling Rs 1,93,500. Duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Gurunathar Street?

The Sub Registrar Office that covers Gurunathar Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is an important factor during the registration of property transactions in Rajakilpakkam. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is sold, the registration office will assess the guideline value to ensure that the correct fees are collected. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Gurunathar Street?

The current guideline value of Gurunathar Street is Rs 2,150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has seen fluctuations, starting at Rs 2,000 in 2012, dropping to Rs 1,340 in 2017, and rising to Rs 2,150 in 2024.

What are the stamp duty and registration fees for properties on Gurunathar Street?

For a property valued at Rs 21,50,000, the stamp duty would be Rs 1,50,500 and the registration fee would be Rs 43,000, totaling Rs 1,93,500.

Which office handles property registrations for Gurunathar Street?

The Selaiyur Sub Registrar Office handles property registrations for Gurunathar Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai.

What is the land classification for Gurunathar Street?

The land classification for Gurunathar Street is Residential Class I Type - I, indicating its suitability for residential development.