Guideline Value

Corporate

Guideline Value for Gurusakthi Nagar

₹400/sq.ft.

The guideline value for Gurusakthi Nagar in Tharavoor village (Sriperumpudur SRO, Chengalpattu zone) is Rs 400 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Tharavoor

Village

Sriperumpudur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹400 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹100 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

27, Chetty Street, Sriperumpudur-602 105
044-27163925
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Gurusakthi Nagar

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Gurusakthi Nagar guideline value

The current guideline value of Gurusakthi Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Tharavoor village, under the Sriperumpudur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Gurusakthi Nagar has changed

The guideline value for Gurusakthi Nagar has undergone several revisions over the years. The earliest recorded figure is from 2007, when it was Rs 100 per sq.ft. This increased significantly to Rs 400 per sq.ft in 2012, representing a 300% rise. However, the value dropped to Rs 268 per sq.ft in 2017, a decrease of 33%. The most recent revisions in 2023 and 2024 have maintained the guideline value at Rs 400 per sq.ft, showing no change from 2023 to 2024.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 300%.

Guideline values in Tharavoor

In Tharavoor village, there are six streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 250 to Rs 400 per sq.ft. The median value for these streets is Rs 400 per sq.ft, which is equal to the current guideline value of Gurusakthi Nagar.

Stamp duty and registration fee for property in Gurusakthi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that 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 Gurusakthi Nagar?

The Gurusakthi Nagar area falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Tharavoor. It is used to determine the stamp duty and registration fees when buying or selling property. Buyers should be aware that the guideline value is a reference point and may differ from the actual sale price.

When registering a property, the guideline value ensures that the government receives the appropriate revenue through stamp duty and registration fees. It is essential for both buyers and sellers to understand this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Gurusakthi Nagar?

The current guideline value of Gurusakthi Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value of Gurusakthi Nagar changed over the years?

The guideline value has changed several times, starting from Rs 100 per sq.ft in 2007 to Rs 400 per sq.ft in 2012, then decreasing to Rs 268 per sq.ft in 2017. The value remained at Rs 400 per sq.ft in both 2023 and 2024.

What are the stamp duty and registration fees for property in Gurusakthi Nagar?

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000, and the registration fee would be Rs 8,000, totaling Rs 36,000. Duty is charged on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers Gurusakthi Nagar?

The Sriperumpudur Sub Registrar Office covers Gurusakthi Nagar, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

What other streets in Tharavoor have guideline values?

Other streets in Tharavoor include Chelliamman Nagar, Bhavani Nagar, Orient Nagar, Ranjitham Nagar, and Velankanni Nagar, with guideline values ranging from Rs 250 to Rs 400 per sq.ft.