Guideline Value for Gurusamy Nagar 9th street

Gurusamy Nagar 9th street guideline value

The current guideline value of Gurusamy Nagar 9th street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Vepery village and falls under the Periamet SRO, classified as Residential Class IV Type - I.

How the guideline value of Gurusamy Nagar 9th street has changed

The guideline value for Gurusamy Nagar 9th street has seen several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, it dropped to Rs 1,675 per sq.ft in 2017. The 2023 revision set the value at Rs 2,500 per sq.ft, and the current revision in 2024 has further increased it to Rs 2,700 per sq.ft. The register has no figures for the years 2002 and 2003.

In terms of percentage changes, from 2007 to 2012, there was a remarkable increase of 317%. However, this was followed by a decrease of 33% from 2012 to 2017. The value then rose by 49% from 2017 to 2023. Finally, the jump from 2023 to 2024 is an increase of 8%. Overall, from 2007 to 2024, the guideline value has increased by 350%.

Guideline values in Vepery

In Vepery, there are 290 streets under the Periamet SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 22,000 per sq.ft. The median value for these streets is Rs 4,800 per sq.ft, indicating that Gurusamy Nagar 9th street's 2024 guideline value is below this median.

• Gurusamy Nagar 8th street: Rs 2,700 per sq.ft (2024)
• Gurusamy Nagar Backside: Rs 2,700 per sq.ft (2024)
• Gurusamy Nagar 7th street: Rs 2,700 per sq.ft (2024)
• Gurusamy Nagar 6th street: Rs 2,700 per sq.ft (2024)
• Gurusamy Nagar 5th street: Rs 2,700 per sq.ft (2024)
• Gurusamy Nagar 4th street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Gurusamy Nagar 9th street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, making the total cost for these fees Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Gurusamy Nagar 9th street?

The Sub Registrar Office that covers Gurusamy Nagar 9th street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Vepery, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that the transaction is legally recognized.

Additionally, the guideline value helps maintain transparency in property transactions, providing a standard reference point for buyers and sellers. It is essential for both parties to be aware of the current guideline value to avoid disputes during the registration process.

Frequently asked questions

What is the current guideline value of Gurusamy Nagar 9th street?

The current guideline value of Gurusamy Nagar 9th street is Rs 2,700 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 2,700 per sq.ft in 2024, reflecting an overall increase of 350% over the years.

What are the stamp duty and registration fees for properties in Gurusamy Nagar 9th street?

The stamp duty is 7% and the registration fee is 2%. For a property valued at Rs 27,00,000, the total fees would amount to Rs 2,43,000.

Which office handles the registration for Gurusamy Nagar 9th street?

The registration for Gurusamy Nagar 9th street is handled by the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

What is the median guideline value for streets in Vepery?

The median guideline value for streets in Vepery is Rs 4,800 per sq.ft, indicating that Gurusamy Nagar 9th street's value is below this median.