Guideline Value for Gurusamy Nagar VIth Street

Gurusamy Nagar VIth Street guideline value

The current guideline value of Gurusamy Nagar VIth Street is Rs 2,350 per sq.ft. This street is located in Anakaputhur village, under the Pammal SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Gurusamy Nagar VIth Street has changed

The guideline value for Gurusamy Nagar VIth Street has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 2,350 per sq.ft, which is an increase from Rs 2,099 per sq.ft in 2023. This marks a 12% increase from the previous year. Looking further back, in 2017, the guideline value was Rs 1,407 per sq.ft, indicating a significant rise of 49% by 2023 and an overall increase of 67% from 2017 to 2024.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 in the register for this street. The changes in guideline values reflect the revisions made in the years 2017, 2023, and 2024, providing a clear picture of the value adjustments over time.

Guideline values in Anakaputhur

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

• Gurusamy Nagar VIIth 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 VIth Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,350 per sq.ft, the total guideline value amounts to Rs 23,50,000. The stamp duty at 7% would be Rs 1,64,500, and the registration fee at 2% would be Rs 47,000, bringing the total charges to 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 on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gurusamy Nagar VIth Street?

The Sub Registrar Office that covers Gurusamy Nagar VIth Street is 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 when registering property transactions in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When a property is sold or purchased, the guideline value helps ensure that the transaction is recorded accurately in the official register, reflecting the value of the property as determined by the local authorities. This process is essential for maintaining transparency and legality in real estate transactions.

Frequently asked questions

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

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

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,407 per sq.ft to Rs 2,350 per sq.ft in 2024, which is an overall increase of 67%.

What are the stamp duty rates for property in Gurusamy Nagar VIth Street?

The stamp duty rate for property transactions in Gurusamy Nagar VIth Street is 7% of the guideline value or sale price, whichever is higher.

Which office handles property registrations in Gurusamy Nagar VIth Street?

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

What is the land classification for Gurusamy Nagar VIth Street?

The land classification for Gurusamy Nagar VIth Street is Residential Class III Type - I, indicating its designation for residential use.