Guideline Value for Gurusamy Nagar 3rd Street

Gurusamy Nagar 3rd Street guideline value

The current guideline value of Gurusamy Nagar 3rd Street is Rs 2,650 per sq.ft, effective from 1 July 2024. 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 Street has changed

The guideline value for Gurusamy Nagar 3rd Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then decreased to Rs 1,675 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,500 per sq.ft, and the latest 2024 revision has raised it further to Rs 2,650 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

In terms of percentage changes, the value increased by 6% from 2023 to 2024. From 2017 to 2023, there was a significant increase of 49%. However, the value saw a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Gowrivakkam

In Gowrivakkam, there are 130 streets under the Selaiyur SRO, with the 2024 guideline values ranging from Rs 840 to Rs 3,750 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Gurusamy Nagar 3rd Street's current value above that median.

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

Stamp duty and registration fee for property in Gurusamy Nagar 3rd 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, while the registration fee at 2% would be Rs 53,000, bringing the total cost to Rs 2,38,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Gurusamy Nagar 3rd Street?

The Sub Registrar Office that covers Gurusamy Nagar 3rd 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 plays a crucial role in the registration process when buying or selling property in Gowrivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately and legally.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the actual sale price, whichever is higher. This ensures that the government receives due revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of Gurusamy Nagar 3rd 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 changed from Rs 2,500 per sq.ft in 2023 to Rs 2,650 per sq.ft in 2024. It was Rs 1,675 per sq.ft in 2017 and Rs 2,500 per sq.ft in 2012.

What are the other guideline values in Gowrivakkam?

In Gowrivakkam, the guideline values range from Rs 840 to Rs 3,750 per sq.ft, with a median of Rs 2,200 per sq.ft. Gurusamy Nagar 3rd Street's value is above this median.

What are the stamp duty and registration fees for properties in Gurusamy Nagar 3rd 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.

Which office handles the registration for Gurusamy Nagar 3rd Street?

The Selaiyur Sub Registrar Office handles the registration for Gurusamy Nagar 3rd Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.