Guideline Value for Gurusamy Nagar 3rd Cross Street (Saraswathi Street)

Gurusamy Nagar 3rd Cross Street (Saraswathi Street) guideline value

The current guideline value for Gurusamy Nagar 3rd Cross Street (Saraswathi Street) is Rs 2,650 per sq.ft. This street 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 3rd Cross Street (Saraswathi Street) has changed

The guideline value for Gurusamy Nagar 3rd Cross Street (Saraswathi Street) has undergone several revisions over the years. In 2007, the guideline value was Rs 200 per sq.ft. This figure saw a significant increase to Rs 2,500 per sq.ft in 2012, marking a change of +1150%. However, in 2017, the value decreased to Rs 1,675 per sq.ft, which was a reduction of -33%. The value then rose again to Rs 2,500 per sq.ft in 2023, reflecting a +49% change. The most recent revision in 2024 set the guideline value at Rs 2,650 per sq.ft, which is an increase of +6% from the previous year.

The register has no figure for Gurusamy Nagar 3rd Cross Street for the years 2002 and 2003.

Guideline values in Gowrivakkam

In Gowrivakkam, there are 130 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 840 to Rs 3,750 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing Gurusamy Nagar 3rd Cross Street's 2024 figure above that median.

• Gurusamy Nagar 3rd Cross Street: Rs 2,650 per sq.ft (2024)
• Gurusamy Nagar 3rd Street: Rs 2,650 per sq.ft (2024)
• Gurusamy Nagar 2nd Street: Rs 2,650 per sq.ft (2024)
• Gurusamy Nagar 4th Cross Street (Yamuna Street): Rs 2,650 per sq.ft (2024)
• Gurusamy Nagar 2nd Main Road: Rs 2,650 per sq.ft (2024)
• Gurusamy Nagar 4th Street: Rs 2,650 per sq.ft (2024)

Stamp duty and registration fee for property in Gurusamy Nagar 3rd Cross Street (Saraswathi Street)

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, and the registration fee at 2% would be Rs 53,000, bringing the total to Rs 2,38,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Gurusamy Nagar 3rd Cross Street (Saraswathi Street)?

The Sub Registrar Office covering Gurusamy Nagar 3rd Cross Street (Saraswathi 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 information.

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

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

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the fees reflect the actual value of the property being transferred.

Frequently asked questions

What is the current guideline value for Gurusamy Nagar 3rd Cross Street?

The current guideline value for Gurusamy Nagar 3rd Cross Street (Saraswathi Street) 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 seen several revisions, starting from Rs 200 per sq.ft in 2007 to Rs 2,650 per sq.ft in 2024, reflecting an overall increase of +1225% over the years.

What is the range of guideline values in Gowrivakkam?

The guideline values in Gowrivakkam range from Rs 840 to Rs 3,750 per sq.ft, with a median value of Rs 2,200 per sq.ft.

What are the stamp duty and registration fees for a property in Gurusamy Nagar 3rd Cross Street?

For a property valued at Rs 26,50,000, the stamp duty would be Rs 1,85,500, and the registration fee would be Rs 53,000, totaling Rs 2,38,500.

Where is the Sub Registrar Office for Gurusamy Nagar 3rd Cross Street located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.