Guideline Value for Guruswamy Nagar 5th Street

Guruswamy Nagar 5th Street guideline value

The current guideline value of Guruswamy Nagar 5th 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 5th Street has changed

The guideline value for Guruswamy Nagar 5th Street has seen significant changes over the years. In 2003, the guideline value was Rs 188 per sq.ft, which increased to Rs 515 per sq.ft in 2007, marking a rise of 174%. By 2017, the value further climbed to Rs 1,407 per sq.ft, reflecting a substantial increase of 173%. The 2023 revision set the value at Rs 2,099 per sq.ft, a 49% increase from the previous revision. The latest revision in 2024 has raised the guideline value to Rs 2,350 per sq.ft, which is a 12% increase from 2023.

There are no figures available for the revisions in 2002 and 2012 for this street. 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 carrying a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft, with a median value of Rs 1,980 per sq.ft. Guruswamy Nagar 5th Street's 2024 guideline value of Rs 2,350 per sq.ft is above this median.

• Guruswamy Nagar 4th Street: Rs 2,350 per sq.ft (2024)
• Guruswamy Nagar 6th Street: Rs 2,350 per sq.ft (2024)
• Guruswamy Nagar 3rd Street: Rs 2,350 per sq.ft (2024)
• Guruswamy Nagar 2nd Street: Rs 2,350 per sq.ft (2024)
• Guruswamy Nagar Extension: Rs 2,350 per sq.ft (2024)
• Guruswamy Nagar 1st Street: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Guruswamy Nagar 5th 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, and the registration fee at 2% would be Rs 47,000, totaling Rs 2,11,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Guruswamy Nagar 5th Street?

The Sub Registrar Office covering Guruswamy Nagar 5th 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 information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer must ensure that the sale price is at least equal to the guideline value to avoid any discrepancies during registration. The authorities use the guideline value to calculate the applicable taxes, ensuring that the transaction is compliant with local regulations.

Frequently asked questions

What is the current guideline value of Guruswamy Nagar 5th Street?

The current guideline value of Guruswamy Nagar 5th 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 increased 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 are the stamp duty rates for properties in Guruswamy Nagar 5th Street?

The stamp duty for properties in Guruswamy Nagar 5th Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Which registration office covers Guruswamy Nagar 5th Street?

The Pammal Sub Registrar Office covers Guruswamy Nagar 5th Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How do I calculate the registration fees for a property?

The registration fee is calculated at 2% of the guideline value of the property. You can use the stamp duty and registration fee calculator for precise calculations.