Guideline Value for Guruswamy Nagar 3rd Street

Guruswamy Nagar 3rd Street guideline value

The current guideline value of Guruswamy Nagar 3rd Street is Rs 2,350 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village, under the Pammal SRO, and is classified as Residential Class III Type - I.

How the guideline value of Guruswamy Nagar 3rd Street has changed

Over the years, the guideline value for Guruswamy Nagar 3rd Street has seen significant changes. The 2003 revision recorded a value of Rs 188 per sq.ft, which increased to Rs 515 per sq.ft in 2007, marking a change of +174%. By 2017, the value rose to Rs 1,407 per sq.ft, reflecting an increase of +173%. The 2023 revision set the value at Rs 2,099 per sq.ft, a notable increase of +49% from the previous revision. The current 2024 revision has further increased the guideline value to Rs 2,350 per sq.ft, a rise of +12% from 2023.

It is important to note that there are no recorded figures for Guruswamy Nagar 3rd Street in the 2012 and 2002 revisions. Overall, from 2003 to 2024, the guideline value has increased by +1150%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median value for these streets is Rs 1,980 per sq.ft, placing Guruswamy Nagar 3rd Street's 2024 figure above this median.

• Guruswamy Nagar 2nd Street: Rs 2,350 per sq.ft (2024)
• Guruswamy Nagar 4th Street: Rs 2,350 per sq.ft (2024)
• Guruswamy Nagar 1st Street: Rs 2,350 per sq.ft (2024)
• Guruswamy Nagar 5th Street: Rs 2,350 per sq.ft (2024)
• Guruswamy Nagar 6th Street: Rs 2,350 per sq.ft (2024)
• Guruswamy Avenue -II: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Guruswamy Nagar 3rd Street

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, while 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 guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Guruswamy Nagar 3rd Street?

The Guruswamy Nagar 3rd Street falls under the jurisdiction of 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 information.

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

The guideline value plays a crucial role during property transactions in Anakaputhur. It is used to calculate the stamp duty and registration fees that need to be paid at the time of registration. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

When purchasing property, the guideline value ensures that the transaction is recorded accurately and fairly. It helps maintain transparency in property dealings and provides a standard reference for both buyers and sellers.

Frequently asked questions

What is the current guideline value of Guruswamy Nagar 3rd Street?

The current guideline value of Guruswamy Nagar 3rd Street is Rs 2,350 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2003, the guideline value has increased significantly, from Rs 188 per sq.ft to Rs 2,350 per sq.ft in 2024, reflecting an overall increase of +1150%.

What are the stamp duty and registration fees for properties in Guruswamy Nagar 3rd Street?

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft property, the total charges would be Rs 2,11,500.

Which office handles registrations for Guruswamy Nagar 3rd Street?

The Pammal Sub Registrar Office handles registrations for Guruswamy Nagar 3rd Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the significance of guideline value in property transactions?

Guideline value is essential for calculating stamp duty and registration fees during property transactions. It ensures transparency and fairness in the registration process.