Guideline Value for Gurusamy Nagar Extn 2nd Main Road-Balaji Street

Gurusamy Nagar Extn 2nd Main Road-Balaji Street guideline value

The current guideline value for Gurusamy Nagar Extn 2nd Main Road-Balaji Street is Rs 2,650 per sq.ft, effective from 1 July 2024. This street is located in Gowrivakkam village under the Selaiyur SRO, classified as Residential Class I Type - III.

How the guideline value of Gurusamy Nagar Extn 2nd Main Road-Balaji Street has changed

The guideline value for Gurusamy Nagar Extn 2nd Main Road-Balaji Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 1,675 per sq.ft. The value remained unchanged at Rs 2,500 per sq.ft in 2012, but rose significantly by 49% to Rs 2,500 per sq.ft in 2023. The most recent revision in 2024 increased the value by 6% to Rs 2,650 per sq.ft.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. 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 that carry a 2024 guideline value, ranging from Rs 840 to Rs 3,750 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing the 2024 guideline value for Gurusamy Nagar Extn 2nd Main Road-Balaji Street above the median.

• Gurusamy Nagar Ext: Rs 2,650 per sq.ft (2024)
• Gurusamy Nagar Extn Annai Theresa Street: Rs 2,650 per sq.ft (2024)
• Gurusamy Nagar 5th Cross Street (Hanuman Nagar): Rs 2,650 per sq.ft (2024)
• Gurusamy Nagar Extn Kaveri Street: Rs 2,650 per sq.ft (2024)
• Gurusamy Nagar Extn Sivan Koil Street: Rs 2,650 per sq.ft (2024)
• Gurusamy Nagar Extn-Vaigai Street: Rs 2,650 per sq.ft (2024)

Stamp duty and registration fee for property in Gurusamy Nagar Extn 2nd Main Road-Balaji Street

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

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

Which Sub Registrar Office covers Gurusamy Nagar Extn 2nd Main Road-Balaji Street?

The Gurusamy Nagar Extn 2nd Main Road-Balaji Street falls under the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 an important 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, which are mandatory during the property transaction process.

When you register a property, the authorities will assess the guideline value to ensure that the transaction is in line with the official rates. This helps maintain transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value for Gurusamy Nagar Extn 2nd Main Road-Balaji Street?

The current guideline value for Gurusamy Nagar Extn 2nd Main Road-Balaji 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, reflecting a 6% increase. It was Rs 1,675 per sq.ft in 2017 and Rs 2,500 per sq.ft in 2012, showing a significant increase over the years.

What are the stamp duty and registration fees for this property?

For a property valued at Rs 26,50,000, the stamp duty would be Rs 1,85,500 at 7%, and the registration fee would be Rs 53,000 at 2%, totaling Rs 2,38,500.

Which Sub Registrar Office covers this area?

The Selaiyur Sub Registrar Office covers Gurusamy Nagar Extn 2nd Main Road-Balaji Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the median guideline value for streets in Gowrivakkam?

The median guideline value for the 130 streets in Gowrivakkam is Rs 2,200 per sq.ft, with Gurusamy Nagar Extn 2nd Main Road-Balaji Street's value being above this median.