Guideline Value for Gurusamy Nagar

Gurusamy Nagar guideline value

The current guideline value of Gurusamy Nagar is Rs 875 per sq.ft, effective from 1 July 2024. This street is located in the village of Sevilimadu - A under the Kanchipuram Joint II SRO, classified as Residential Class I Type - III.

How the guideline value of Gurusamy Nagar has changed

The guideline value for Gurusamy Nagar has seen several revisions over the years. The earliest registered figure was Rs 536 per sq.ft in 2017. This value increased to Rs 800 per sq.ft in 2023, marking a significant change of 49%. The most recent revision in 2024 set the guideline value at Rs 875 per sq.ft, which is a 9% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 63%. It is important to note that the register has no figures for this street for the years 2002, 2003, 2007, and 2012.

Guideline values in Sevilimadu - A

In Sevilimadu - A, there are 58 streets under the Kanchipuram Joint II SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. Gurusamy Nagar's 2024 figure is below this median.

• Housing Board: Rs 1,100 per sq.ft (2024)
• Gem Extension: Rs 1,100 per sq.ft (2024)
• Gem Avenue: Rs 1,100 per sq.ft (2024)
• Iyyappa Nagar: Rs 1,100 per sq.ft (2024)
• Jeeva Nagar: Rs 1,100 per sq.ft (2024)
• Gandhi Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Gurusamy Nagar

For a 1,000 sq.ft plot at the current rate of Rs 875 per sq.ft, the guideline value amounts to Rs 8,75,000. The stamp duty at 7% would be Rs 61,250, and the registration fee at 2% would be Rs 17,500, totaling Rs 78,750. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gurusamy Nagar?

The Sub Registrar Office that covers Gurusamy Nagar is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sevilimadu - A

The guideline value plays a crucial role in property transactions in Sevilimadu - A. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property in the area.

When a property is sold, the guideline value is considered to ensure that the correct fees are paid, based on the higher of the guideline value or the sale price. This ensures transparency and compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Gurusamy Nagar?

The current guideline value of Gurusamy Nagar is Rs 875 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

From 2017 to 2024, the guideline value increased by 63%, from Rs 536 per sq.ft in 2017 to Rs 875 per sq.ft in 2024. The value also rose from Rs 800 per sq.ft in 2023 to Rs 875 per sq.ft in 2024, marking a 9% increase.

What are the guideline values for other streets in Sevilimadu - A?

Other streets in Sevilimadu - A have a guideline value ranging from Rs 800 to Rs 2,200 per sq.ft, with a median of Rs 1,100 per sq.ft. Streets like Housing Board, Gem Extension, and others have a 2024 value of Rs 1,100 per sq.ft.

How is stamp duty calculated in Gurusamy Nagar?

Stamp duty in Gurusamy Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,75,000, the stamp duty would be Rs 61,250.

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

The Sub Registrar Office for Gurusamy Nagar is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.