Guideline Value

Corporate

Guideline Value for Gurusamy Nagar 1st Main Road

₹2650/sq.ft.

The guideline value for Gurusamy Nagar 1st Main Road in Gowrivakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2650 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Gowrivakkam

Village

Selaiyur

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹2650 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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)

No.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Gurusamy Nagar 1st Main Road

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Gurusamy Nagar 1st Main Road guideline value

The current guideline value of Gurusamy Nagar 1st Main Road is Rs 2,650 per sq.ft, effective from 1 July 2024. This road is located in Gowrivakkam village, under the Selaiyur SRO, and is classified as Residential Class I Type - III.

How the guideline value of Gurusamy Nagar 1st Main Road has changed

Over the years, the guideline value of Gurusamy Nagar 1st Main Road has seen several revisions. The 2012 revision set the value at Rs 2,500 per sq.ft, which remained unchanged in the 2017 revision, where it was noted to have decreased by 33% to Rs 1,675 per sq.ft. The next revision in 2023 increased the value to Rs 2,500 per sq.ft, and then the 2024 revision further raised it to Rs 2,650 per sq.ft, marking a 6% increase from the previous year.

In summary, the guideline value has changed significantly from the 2012 figure of Rs 2,500 per sq.ft to Rs 2,650 per sq.ft in 2024, showing an overall increase of 6% over this period. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Gowrivakkam

Gowrivakkam has a total of 130 streets under the Selaiyur SRO, with guideline values ranging from Rs 840 to Rs 3,750 per sq.ft as of 2024. The median guideline value for the village is Rs 2,200 per sq.ft, placing Gurusamy Nagar 1st Main Road's current value above this median.

Stamp duty and registration fee for property in Gurusamy Nagar 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,650 per sq.ft, the total guideline value would be Rs 26,50,000. The stamp duty at 7% would amount to Rs 1,85,500, while the registration fee at 2% would be Rs 53,000. Together, the total cost would be Rs 2,38,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Gurusamy Nagar 1st Main Road?

The Sub Registrar Office that covers Gurusamy Nagar 1st Main Road 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 information.

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

The guideline value is a crucial factor when buying or selling property in Gowrivakkam, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that are applicable during the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair price, reflecting the area's value. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Gurusamy Nagar 1st Main Road?

The current guideline value of Gurusamy Nagar 1st Main Road is Rs 2,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 2,650 per sq.ft in 2024, reflecting an overall increase of 6%. The value saw a significant rise of 49% from Rs 1,675 per sq.ft in 2017 to Rs 2,500 per sq.ft in 2023.

What are the other streets in Gowrivakkam with the same guideline value?

Several other streets in Gowrivakkam have the same guideline value of Rs 2,650 per sq.ft in 2024, including Gurusamy Nagar 1st Cross Street, Gurusamy Nagar 1st Street, Gurusamy Nagar 2nd Cross Street, Gurusamy Nagar 2nd Main Road, Gurusamy Nagar 2nd Street, and Gurusamy Nagar 3rd Cross Street.

What is the registration fee for properties in Gurusamy Nagar 1st Main Road?

The registration fee for properties in Gurusamy Nagar 1st Main Road is calculated at 2% of the guideline value. For a property valued at Rs 26,50,000, the registration fee would be Rs 53,000.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp to Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. You can find more information by visiting the relevant link.