Guideline Value for Guruswamy Nagar Extension

Guruswamy Nagar Extension guideline value

The current guideline value of Guruswamy Nagar Extension is Rs 2,350 per sq.ft, effective from 1 July 2024. This area 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 Extension has changed

The guideline value for Guruswamy Nagar Extension 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 change of +174%. By 2017, the value rose 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, which was a +49% increase from the previous figure. The most recent revision in 2024 has brought the guideline value to Rs 2,350 per sq.ft, a change of +12% from 2023.

There are no figures available for the years 2002 and 2012 in the register 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 that have a guideline value for 2024, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value in this area is Rs 1,980 per sq.ft, which means Guruswamy Nagar Extension's 2024 figure is above that median.

• 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)
• Guruswamy Nagar 4th 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)

Stamp duty and registration fee for property in Guruswamy Nagar Extension

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. Together, the total cost for these fees would be Rs 2,11,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Guruswamy Nagar Extension?

The Guruswamy Nagar Extension is covered by 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 in the registration process when buying or selling property in Anakaputhur. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers should be aware that the guideline value may differ from the sale price, and the higher amount will be taken into account for calculating the fees.

When a property is registered, the guideline value ensures that the transaction is documented at a value that reflects the prevailing rates in the area. This helps maintain transparency in property dealings and ensures that the government receives the appropriate revenue from stamp duties.

Frequently asked questions

What is the current guideline value of Guruswamy Nagar Extension?

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

Which Sub Registrar Office covers Guruswamy Nagar Extension?

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

What are the stamp duty and registration fees for property in Guruswamy Nagar Extension?

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 the guideline values in Anakaputhur?

More information about the guideline values in Anakaputhur can be found in the registration department's guideline value register (TNReginet) and through the Pammal SRO.