Guideline Value for Gurusamy Nagar Pirathana Salai

Gurusamy Nagar Pirathana Salai guideline value

The current guideline value of Gurusamy Nagar Pirathana Salai 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 Pirathana Salai has changed

The guideline value for Gurusamy Nagar Pirathana Salai has seen several revisions over the years. In 2007, the value was set at Rs 200 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012, marking an increase of 1150%. However, from 2012 to 2017, the value decreased to Rs 1,675 per sq.ft, a decline of 33%. The value then rose to Rs 2,500 per sq.ft in 2023, reflecting a 49% increase, and has now reached Rs 2,650 per sq.ft in the 2024 revision, which is a 6% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 1225%.

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's 2024 figure above this median.

• Gurusamy Nagar Main Road: Rs 2,700 per sq.ft (2024)
• Gurusamy Nagar Pirathana Salai & Kaveri Street: Rs 2,650 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

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, while 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.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Gurusamy Nagar Pirathana Salai?

The Gurusamy Nagar Pirathana Salai 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, 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 plays a crucial role in the registration process when buying or selling property in Gowrivakkam. It is used to determine the stamp duty and registration fees payable, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Gurusamy Nagar Pirathana Salai?

The current guideline value of Gurusamy Nagar Pirathana Salai is Rs 2,650 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased significantly, from Rs 200 per sq.ft to Rs 2,650 per sq.ft in 2024, marking an overall increase of 1225%.

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 Pirathana Salai's value being above this median.

What are the stamp duty rates for property in Gurusamy Nagar Pirathana Salai?

The stamp duty for property in Gurusamy Nagar Pirathana Salai is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Gurusamy Nagar Pirathana Salai?

The Sub Registrar Office covering Gurusamy Nagar Pirathana Salai is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.