Guideline Value for Gurusamy Nagar Backside

Gurusamy Nagar Backside guideline value

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

How the guideline value of Gurusamy Nagar Backside has changed

The guideline value for Gurusamy Nagar Backside has seen several revisions over the years. In 2007, the guideline value was Rs 600 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, this figure dropped to Rs 1,675 per sq.ft in 2017. The value then rose to Rs 2,500 per sq.ft in 2023, before reaching the current rate of Rs 2,700 per sq.ft in 2024. The register has no figure for this street in 2002 and 2003.

From 2017 to 2023, the increase was 49%, while from 2012 to 2017, there was a decrease of 33%. The rise from 2007 to 2012 was a remarkable 317%. 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 have a 2024 guideline value ranging from Rs 2,200 to Rs 22,000 per sq.ft, with a median value of Rs 4,800 per sq.ft. Gurusamy Nagar Backside's 2024 figure is below this median.

• Gurusamy Nagar 9th street: Rs 2,700 per sq.ft (2024)
• Gurusamy Nagar 8th street: 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 Backside

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the guideline value totals Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. It is important to note that 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 details.

Which Sub Registrar Office covers Gurusamy Nagar Backside?

The Sub Registrar Office that covers Gurusamy Nagar Backside is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for additional 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 stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the guideline value, as it can influence the overall cost of the transaction. Ensuring that the property is registered at the correct guideline value helps in maintaining transparency and legality in property dealings.

Frequently asked questions

What is the current guideline value of Gurusamy Nagar Backside?

The current guideline value of Gurusamy Nagar Backside 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 is the registration office for Gurusamy Nagar Backside?

The registration office for Gurusamy Nagar Backside is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

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

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Where can I find more information about the guideline values in Vepery?

For more information about the guideline values in Vepery, you can refer to the guideline value register maintained by the Registration Department.