Guideline Value for Gurusadi Lane

Gurusadi Lane guideline value

The current guideline value of Gurusadi Lane is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the Royapuram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Gurusadi Lane has changed

The guideline value for Gurusadi Lane has undergone several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012, marking a 100% rise. However, the value then decreased to Rs 804 per sq.ft in 2017, a decline of 33%. The most recent revision in 2024 saw the guideline value rise significantly to Rs 1,300 per sq.ft, reflecting an increase of 62% from the 2017 figure.

It is important to note that there are no figures available for the years 2023, 2003, and 2002 for Gurusadi Lane. Overall, from 2007 to 2024, the guideline value has increased by 117%.

Guideline values in Tondaiarpet

Tondaiarpet village has a total of 1,384 streets under the Royapuram SRO, with guideline values ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value in the village is Rs 1,600 per sq.ft, placing Gurusadi Lane's 2024 figure below that median.

• Guruvappa Street: Rs 2,200 per sq.ft (2024)
• Harbour Railway: Rs 1,300 per sq.ft (2024)
• Harinarayanapuram 1st Street: Rs 1,300 per sq.ft (2024)
• Harinarayanapuram 2nd Street: Rs 1,300 per sq.ft (2024)
• Harinarayanapuram 3rd Street: Rs 1,300 per sq.ft (2024)
• Harinarayanapuram 4th Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Gurusadi Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total cost to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Gurusadi Lane?

The Sub Registrar Office covering Gurusadi Lane is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more details.

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

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

Frequently asked questions

What is the current guideline value of Gurusadi Lane?

The current guideline value of Gurusadi Lane is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, reflecting an overall increase of 117% over the years.

Are there any years with no guideline value for Gurusadi Lane?

Yes, there are no figures available for Gurusadi Lane for the years 2023, 2003, and 2002.

What is the median guideline value in Tondaiarpet?

The median guideline value in Tondaiarpet village is Rs 1,600 per sq.ft, which is higher than the current value of Gurusadi Lane.

Where is the Sub Registrar Office for Gurusadi Lane located?

The Sub Registrar Office for Gurusadi Lane is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.