Guideline Value

Corporate

Guideline Value for Gurusamy Nagar Main Road

₹2700/sq.ft.

The guideline value for Gurusamy Nagar Main Road in Gowrivakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2700 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 8% change. The land classification is Commercial Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Gowrivakkam

Village

Selaiyur

SRO

Commercial Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Gurusamy Nagar Main Road

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Gurusamy Nagar Main Road guideline value

The current guideline value of Gurusamy Nagar Main Road is Rs 2,700 per sq.ft, effective from 1 July 2024. This road is located in Gowrivakkam village and falls under the Selaiyur SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Gurusamy Nagar Main Road has changed

The guideline value for Gurusamy Nagar Main Road has undergone several revisions over the years. 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, reflecting a decline of 33%. The value then increased significantly to Rs 2,500 per sq.ft in 2023, and further rose to Rs 2,700 per sq.ft in 2024, marking an 8% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 8%. The revisions for the years 2002, 2003, and 2007 do not have any figures recorded in the register for this street.

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 Gurusamy Nagar Main Road's 2024 value above this median.

Stamp duty and registration fee for property in Gurusamy Nagar Main Road

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, bringing the total fees together to 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 details on fees applicable to your property.

Which Sub Registrar Office covers Gurusamy Nagar Main Road?

The Sub Registrar Office that covers Gurusamy Nagar Main Road 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 property transactions in Gowrivakkam. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing a property. The guideline value is set by the Registration Department and is revised periodically to reflect changes in the market.

When selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should always refer to the latest guideline value to ensure compliance with legal requirements during registration.

Frequently asked questions

What is the current guideline value of Gurusamy Nagar Main Road?

The current guideline value of Gurusamy Nagar Main Road 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 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 2,700 per sq.ft in 2024.

What are the other streets in Gowrivakkam with their guideline values?

Other streets in Gowrivakkam include Gurusamy Nagar Pirathana Salai, Gurusamy Nagar Extn-Vaigai Street, and several others, all currently valued at Rs 2,650 per sq.ft in 2024.

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

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, for a property valued at Rs 27,00,000, the total fees would be Rs 2,43,000.

Where can I find the Sub Registrar Office for Gurusamy Nagar Main Road?

The Sub Registrar Office for Gurusamy Nagar Main Road is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.