Guideline Value for Gurusamy Nagar VIIth Street

Gurusamy Nagar VIIth Street guideline value

The current guideline value of Gurusamy Nagar VIIth Street is Rs 2,350 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village, under the Pammal Sub Registrar Office (SRO) jurisdiction. The land classification for this area is Residential Class III Type - I.

How the guideline value of Gurusamy Nagar VIIth Street has changed

The guideline value for Gurusamy Nagar VIIth Street has seen several revisions over the years. The 2017 revision recorded a value of Rs 1,407 per sq.ft, which increased to Rs 2,099 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the guideline value to Rs 2,350 per sq.ft, marking a 12% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 67%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was 49%, highlighting a significant change in the guideline value over the years.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO, with guideline values ranging from Rs 1,320 to Rs 4,640 per sq.ft as per the 2024 revision. The median guideline value for these streets is Rs 1,980 per sq.ft, placing Gurusamy Nagar VIIth Street's 2024 figure above this median.

• Gurusamy Nagar VIth Street: Rs 2,350 per sq.ft (2024)
• Gurusamy Nagar Main Road: Rs 2,350 per sq.ft (2024)
• Guruswamy Avenue: Rs 2,350 per sq.ft (2024)
• Guruswamy Avenue -II: Rs 2,350 per sq.ft (2024)
• Guruswamy Nagar 1st Street: Rs 2,350 per sq.ft (2024)
• Guruswamy Nagar 2nd Street: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Gurusamy Nagar VIIth Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,350 per sq.ft, the total guideline value is Rs 23,50,000. The stamp duty at 7% would amount to Rs 1,64,500, while the registration fee at 2% would be Rs 47,000. Together, these fees total Rs 2,11,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gurusamy Nagar VIIth Street?

The Gurusamy Nagar VIIth Street falls under the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Anakaputhur

The guideline value is a crucial factor in property transactions in Anakaputhur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value ensures that the transaction is recorded at a fair and standardized price.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This helps in maintaining transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Gurusamy Nagar VIIth Street?

The current guideline value of Gurusamy Nagar VIIth Street is Rs 2,350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,407 per sq.ft in 2017 to Rs 2,350 per sq.ft in 2024. This represents a 67% increase over the seven-year period.

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

For a property valued at Rs 23,50,000, the stamp duty is Rs 1,64,500 and the registration fee is Rs 47,000, totaling Rs 2,11,500. These fees are based on the guideline value.

Which Sub Registrar Office handles registrations for Gurusamy Nagar VIIth Street?

The Pammal Sub Registrar Office handles registrations for Gurusamy Nagar VIIth Street. It is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the median guideline value for streets in Anakaputhur?

The median guideline value for streets in Anakaputhur is Rs 1,980 per sq.ft. Gurusamy Nagar VIIth Street's guideline value is above this median.