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Guideline Value

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Guideline Value for Guruswamy Street [Jain Sundarbans]

₹7100/sq.ft.

The guideline value for Guruswamy Street [jain Sundarbans] in 1. Nolambur village (Villivakkam SRO, Chennai zone) is Rs 7100 per sq.ft, effective 1 July 2024. It was Rs 6500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

1. Nolambur

Village

Villivakkam

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹7100 /sq.ft.
From 1-4-2023 ₹6500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4355 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561092
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Guruswamy Street [jain Sundarbans]

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Guruswamy Street [Jain Sundarbans] guideline value

The current guideline value of Guruswamy Street [Jain Sundarbans] is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Nolambur village under the Villivakkam SRO, classified as Residential Special Type - I.

How the guideline value of Guruswamy Street [Jain Sundarbans] has changed

The guideline value for Guruswamy Street [Jain Sundarbans] has seen significant changes over the years. The 2017 revision recorded a guideline value of Rs 4,355 per sq.ft, which increased to Rs 6,500 per sq.ft in the 2023 revision. The latest revision in 2024 saw an increase to Rs 7,100 per sq.ft, marking a 9% rise from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 63%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Guruswamy Street [Jain Sundarbans]. The increase from Rs 4,355 per sq.ft in 2017 to Rs 6,500 per sq.ft in 2023 represents a substantial rise of 49%.

Guideline values in 1. Nolambur

In 1. Nolambur, there are 73 streets under the Villivakkam SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 8,800 per sq.ft, with the median value being Rs 7,100 per sq.ft. Guruswamy Street [Jain Sundarbans] aligns with this median value.

Stamp duty and registration fee for property in Guruswamy Street [Jain Sundarbans]

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value amounts to Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total to Rs 6,39,000. 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 Street [Jain Sundarbans]?

The Sub Registrar Office that covers Guruswamy Street [Jain Sundarbans] is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

How the guideline value is used when you buy or sell in 1. Nolambur

The guideline value is a crucial factor during the registration of properties in 1. Nolambur. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, it is essential to be aware of the guideline value as it can affect the overall cost of the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Guruswamy Street [Jain Sundarbans]?

The current guideline value of Guruswamy Street [Jain Sundarbans] is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 4,355 per sq.ft in 2017 to Rs 6,500 per sq.ft in 2023, and then to Rs 7,100 per sq.ft in 2024. This represents an overall increase of 63% from 2017 to 2024.

What is the land classification for Guruswamy Street [Jain Sundarbans]?

Guruswamy Street [Jain Sundarbans] is classified as Residential Special Type - I, which is important for determining the guideline value and applicable regulations.

Where can I find the Sub Registrar Office for Guruswamy Street [Jain Sundarbans]?

The Sub Registrar Office for Guruswamy Street [Jain Sundarbans] is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in Guruswamy Street [Jain Sundarbans]?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 7,100 per sq.ft, the stamp duty would be Rs 4,97,000.