Guideline Value for Gurusamy Nagar Extn Annai Theresa Street

Gurusamy Nagar Extn Annai Theresa Street guideline value

The current guideline value of Gurusamy Nagar Extn Annai Theresa 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 Extn Annai Theresa Street has changed

Over the years, the guideline value for Gurusamy Nagar Extn Annai Theresa Street has seen several revisions. The earliest recorded figure is from 2012, which was Rs 2,500 per sq.ft. This was followed by a decrease to Rs 1,675 per sq.ft in 2017. The subsequent revision in 2023 increased the value to Rs 2,500 per sq.ft, and the most recent revision in 2024 has set it at Rs 2,650 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the guideline value increased significantly by 49%. The overall change from 2012 to 2024 reflects a modest increase of 6%, indicating a gradual adjustment in the guideline value.

Guideline values in Gowrivakkam

In Gowrivakkam, there are 130 streets under the Selaiyur SRO with a 2024 guideline value 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, positioning Gurusamy Nagar Extn Annai Theresa Street above this median.

• Gurusamy Nagar Extn 2nd Main Road-Balaji Street: Rs 2,650 per sq.ft (2024)
• Gurusamy Nagar Extn Kaveri Street: Rs 2,650 per sq.ft (2024)
• Gurusamy Nagar Ext: Rs 2,650 per sq.ft (2024)
• Gurusamy Nagar Extn Sivan Koil 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-Vaigai Street: Rs 2,650 per sq.ft (2024)

Stamp duty and registration fee for property in Gurusamy Nagar Extn Annai Theresa 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 fees together to Rs 2,38,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gurusamy Nagar Extn Annai Theresa Street?

The Sub Registrar Office that covers Gurusamy Nagar Extn Annai Theresa 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 further assistance.

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

The guideline value is a crucial factor when buying or selling property in Gowrivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers must be aware that the stamp duty and registration fees are calculated based on this guideline value or the sale price, whichever is higher.

When registering a property, it is essential to ensure that the transaction aligns with the current guideline value to avoid any legal complications. This value not only affects the financial aspects of the transaction but also plays a significant role in the overall transparency of property dealings in the area.

Frequently asked questions

What is the current guideline value for Gurusamy Nagar Extn Annai Theresa Street?

The current guideline value for Gurusamy Nagar Extn Annai Theresa 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 2012 to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,650 per sq.ft in 2024. There are no figures available for the years 2002, 2003, and 2007.

What is the median guideline value in Gowrivakkam?

The median guideline value for the 130 streets in Gowrivakkam is Rs 2,200 per sq.ft. Gurusamy Nagar Extn Annai Theresa Street's guideline value is above this median.

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

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. These fees are based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Gurusamy Nagar Extn Annai Theresa Street located?

The Sub Registrar Office for this 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.