Guideline Value for Guruswamy Nagar 6th Street

Guruswamy Nagar 6th Street guideline value

The current guideline value of Guruswamy Nagar 6th 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 6th Street has changed

The guideline value for Guruswamy Nagar 6th Street has seen significant changes over the years. In 2003, the value was 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, indicating a +49% change from the previous revision. The current 2024 revision has further increased the value to Rs 2,350 per sq.ft, showing a +12% rise from 2023.

There are no figures available for the years 2002 and 2012 for this street in the register. 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, with guideline values for 2024 ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median value is Rs 1,980 per sq.ft, making Guruswamy Nagar 6th Street's 2024 figure above this median.

• Guruswamy Nagar 5th Street: Rs 2,350 per sq.ft (2024)
• Guruswamy Nagar 4th Street: Rs 2,350 per sq.ft (2024)
• Guruswamy Nagar Extension: 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 1st Street: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Guruswamy Nagar 6th 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 be 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 duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Guruswamy Nagar 6th Street?

The Sub Registrar Office that covers Guruswamy Nagar 6th 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 a crucial factor when registering property transactions in Anakaputhur. It determines the minimum price at which a property can be sold or bought, ensuring that the transaction is recorded at a fair value.

When you register a property, the guideline value serves as a basis for calculating stamp duty and registration fees. This ensures that all transactions are transparent and comply with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Guruswamy Nagar 6th Street?

The current guideline value of Guruswamy Nagar 6th 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, showing an overall increase of +1150%.

What is the land classification for Guruswamy Nagar 6th Street?

Guruswamy Nagar 6th Street is classified as Residential Class III Type - I.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Guruswamy Nagar 6th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 23,50,000 would incur a stamp duty of Rs 1,64,500 at 7%.