Guideline Value for Gurusamy Nagar Pirathana Salai& Kaveri Street

Gurusamy Nagar Pirathana Salai& Kaveri Street guideline value

The current guideline value for Gurusamy Nagar Pirathana Salai& Kaveri Street is Rs 2,650 per sq.ft as per the 2024 revision. 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 Pirathana Salai& Kaveri Street has changed

The guideline value for Gurusamy Nagar Pirathana Salai& Kaveri Street has seen several revisions over the years. In 2012, the guideline value was Rs 2,500 per sq.ft, which decreased to Rs 1,675 per sq.ft in 2017. However, from 2017 to 2023, it increased significantly by 49%, reaching Rs 2,500 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 2,650 per sq.ft, reflecting a 6% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, the guideline value has increased by 6% from 2012 to 2024.

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 guideline value for these streets is Rs 2,200 per sq.ft, placing Gurusamy Nagar Pirathana Salai& Kaveri Street above this median.

• Gurusamy Nagar Pirathana Salai: Rs 2,650 per sq.ft (2024)
• Gurusamy Nagar Main Road: Rs 2,700 per sq.ft (2024)
• Gurusamy Nagar Extn-Vaigai Street: Rs 2,650 per sq.ft (2024)
• Gurusamy Nagar Extn Sivan Koil Street: Rs 2,650 per sq.ft (2024)
• Gurusamy Nagar Extn Kaveri Street: Rs 2,650 per sq.ft (2024)
• Gurusamy Nagar Extn Annai Theresa Street: Rs 2,650 per sq.ft (2024)

Stamp duty and registration fee for property in Gurusamy Nagar Pirathana Salai& Kaveri Street

For a 1,000 sq.ft plot at the current guideline value, the total guideline value amounts to Rs 26,50,000. The stamp duty is calculated at 7%, which totals Rs 1,85,500, and the registration fee is charged at 2%, amounting to Rs 53,000. Therefore, the total cost for stamp duty and registration fees together would be 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 information.

Which Sub Registrar Office covers Gurusamy Nagar Pirathana Salai& Kaveri Street?

The Gurusamy Nagar Pirathana Salai& Kaveri Street falls under the Selaiyur Sub Registrar Office. The address is 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 details.

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

The guideline value is a crucial factor in the registration process of property transactions in Gowrivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. This value is essential for calculating the applicable taxes and fees during the registration process.

Frequently asked questions

What is the current guideline value for Gurusamy Nagar Pirathana Salai& Kaveri Street?

The current guideline value for Gurusamy Nagar Pirathana Salai& Kaveri Street is Rs 2,650 per sq.ft as per the 2024 revision.

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 increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,650 per sq.ft in 2024.

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

For a property valued at Rs 26,50,000, the stamp duty is Rs 1,85,500, and the registration fee is Rs 53,000, totaling Rs 2,38,500. Duty is charged on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office located for this area?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

What is the land classification for Gurusamy Nagar Pirathana Salai& Kaveri Street?

The land classification for Gurusamy Nagar Pirathana Salai& Kaveri Street is Residential Class I Type - III.