Guideline Value for Guruswamy Avenue -II

Guruswamy Avenue -II guideline value

The current guideline value of Guruswamy Avenue -II is Rs 2,350 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO, classified as Residential Class III Type - I.

How the guideline value of Guruswamy Avenue -II has changed

The guideline value for Guruswamy Avenue -II has seen significant changes over the years. In 2003, the guideline value was Rs 256 per sq.ft, which increased to Rs 300 per sq.ft in 2007. This was followed by a substantial rise to Rs 1,407 per sq.ft in 2017, marking an increase of 369%. The value further increased to Rs 2,099 per sq.ft in 2023, reflecting a 49% rise from the previous revision. The most recent revision in 2024 has set the guideline value at Rs 2,350 per sq.ft, which is a 12% increase from 2023.

The overall change from 2003 to 2024 shows an increase of 818% in the guideline value. It is important to note that the register has no figures for the years 2002 and 2012 for this street.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that have a guideline value for 2024 ranging from Rs 1,320 to Rs 4,640 per sq.ft, with a median value of Rs 1,980 per sq.ft. Guruswamy Avenue -II's current guideline value of Rs 2,350 per sq.ft is above this median.

• Guruswamy Avenue: 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)
• Guruswamy Nagar 3rd Street: Rs 2,350 per sq.ft (2024)
• Gurusamy Nagar VIth Street: Rs 2,350 per sq.ft (2024)
• Guruswamy Nagar 4th Street: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Guruswamy Avenue -II

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

Which Sub Registrar Office covers Guruswamy Avenue -II?

The Sub Registrar Office that covers Guruswamy Avenue -II 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 plays a crucial role in the registration process when buying or selling property in Anakaputhur. It serves as a benchmark for determining the minimum value at which a property can be registered. This ensures that the registration reflects a fair value based on the prevailing rates in the area.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Guruswamy Avenue -II?

The current guideline value of Guruswamy Avenue -II 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 256 per sq.ft in 2003 to Rs 2,350 per sq.ft in 2024, showing an overall increase of 818% over the years.

What is the land classification for Guruswamy Avenue -II?

Guruswamy Avenue -II is classified as Residential Class III Type - I.

Where can I find the registration office for Guruswamy Avenue -II?

The registration office for Guruswamy Avenue -II is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value results in a total of Rs 2,11,500 in fees.