Guideline Value for Guruswamy Nagar 1st Street

Guruswamy Nagar 1st Street guideline value

The current guideline value of Guruswamy Nagar 1st Street 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 Nagar 1st Street has changed

The guideline value for Guruswamy Nagar 1st Street has seen significant changes over the years. In the 2003 revision, the value was Rs 188 per sq.ft, which increased to Rs 515 per sq.ft in 2007. The 2017 revision marked a substantial rise to Rs 1,407 per sq.ft, and by 2023, it further increased to Rs 2,099 per sq.ft. The most recent 2024 revision has set the guideline value at Rs 2,350 per sq.ft, reflecting a change of +12% from the previous year.

Notably, there are no figures available for the years 2002 and 2012 in the register for this street. The overall increase from 2003 to 2024 is +1150%, showcasing a consistent rise in the guideline value over the years.

Guideline values in Anakaputhur

Anakaputhur village has a range of guideline values, with 501 streets under the Pammal SRO carrying a 2024 figure between Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value in this area is Rs 1,980 per sq.ft, placing Guruswamy Nagar 1st Street's 2024 figure above this median.

• Guruswamy Nagar 2nd Street: Rs 2,350 per sq.ft (2024)
• Guruswamy Nagar 3rd Street: Rs 2,350 per sq.ft (2024)
• Guruswamy Avenue -II: Rs 2,350 per sq.ft (2024)
• Guruswamy Nagar 4th Street: Rs 2,350 per sq.ft (2024)
• Guruswamy Avenue: Rs 2,350 per sq.ft (2024)
• Guruswamy Nagar 5th Street: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Guruswamy Nagar 1st 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 fees 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 Nagar 1st Street?

The Sub Registrar Office that covers Guruswamy Nagar 1st Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Anakaputhur

When buying or selling property in Anakaputhur, the guideline value serves as a benchmark for determining the stamp duty and registration fees. It is essential to use the guideline value to ensure compliance with local regulations during the registration process.

The guideline value is also a reference point for buyers and sellers, helping them understand the valuation of properties in the area. It is advisable to consult the guideline value register to get accurate figures before proceeding with any transactions.

Frequently asked questions

What is the current guideline value of Guruswamy Nagar 1st Street?

The current guideline value of Guruswamy Nagar 1st 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 changed significantly, from Rs 188 per sq.ft in 2003 to Rs 2,350 per sq.ft in 2024, marking an overall increase of +1150% over the years.

What is the registration office for Guruswamy Nagar 1st Street?

The registration office for Guruswamy Nagar 1st Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

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 would be Rs 1,64,500 and the registration fee would be Rs 47,000, totaling Rs 2,11,500.

Where can I find more information about stamp duty and registration fees?

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