Guideline Value for Gurupax Street

Gurupax Street guideline value

The current guideline value of Gurupax Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Alandur village, under the Alandur SRO, and is classified as Residential Class I Type - III.

How the guideline value of Gurupax Street has changed

The guideline value for Gurupax Street has seen several revisions over the years. In 2002, the value was Rs 233 per sq.ft, which increased to Rs 253 per sq.ft in 2003. Following this, the value rose significantly to Rs 1,000 per sq.ft in 2007, marking a 295% increase. In 2012, the value was Rs 4,000 per sq.ft, showing a substantial increase of 300% from the previous revision. However, it decreased to Rs 2,680 per sq.ft in 2017, reflecting a decline of 33%. The value then rose to Rs 4,000 per sq.ft in 2023, and finally to the current rate of Rs 4,400 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1788%. There are no figures available for the revisions in years other than those mentioned.

Guideline values in Alandur

Alandur village has 40 streets under the Alandur SRO, with 2024 guideline values ranging from Rs 3,900 to Rs 11,000 per sq.ft. The median value for these streets is Rs 5,000 per sq.ft, placing Gurupax Street's current value below this median.

• G.S.T. RoadSOUTH SIDE LAWYER JAGANATHAN STREET: Rs 11,000 per sq.ft (2024)
• G.S.T. Road/mount road: Rs 11,000 per sq.ft (2024)
• Hussain Subedar Street: Rs 4,400 per sq.ft (2024)
• Ibrahim Street: Rs 4,400 per sq.ft (2024)
• Jal Naiken Street: Rs 4,400 per sq.ft (2024)
• Gandhi Market commer: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Gurupax Street

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, making the total Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gurupax Street?

The Sub Registrar Office that covers Gurupax Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Alandur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property should be registered. This ensures transparency and compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of Gurupax Street?

The current guideline value of Gurupax Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 233 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 1788% over this period.

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

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles registrations for Gurupax Street?

The Alandur Sub Registrar Office handles registrations for Gurupax Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification for Gurupax Street?

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