Guideline Value for Guruvappa MaistryStreet

Guruvappa MaistryStreet guideline value

The current guideline value for Guruvappa MaistryStreet is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Guruvappa MaistryStreet has changed

Over the years, the guideline value of Guruvappa MaistryStreet has seen significant changes. In the 2007 revision, the value was set at Rs 1,000 per sq.ft, which then increased dramatically to Rs 4,500 per sq.ft in the 2012 revision, marking a rise of 350%. However, the value decreased to Rs 3,015 per sq.ft in the 2017 revision, a decline of 33%. The most recent revisions show that the value was Rs 4,500 per sq.ft in 2023, and it has now increased to Rs 4,900 per sq.ft in 2024, reflecting a rise of 9%.

The overall change from 2007 to 2024 indicates a substantial increase of 390%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with the 2024 guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, making Guruvappa MaistryStreet's 2024 figure equal to this median.

• Green Gardens- 1st Avenue: Rs 14,800 per sq.ft (2024)
• Govindaraj Street,Chennai 82: Rs 4,400 per sq.ft (2024)
• Gopal Pillai Nagar: Rs 4,400 per sq.ft (2024)
• Gnanammal Garden: Rs 4,400 per sq.ft (2024)
• G.K.M. Colony, Chennai 82 & Streets: Rs 2,700 per sq.ft (2024)
• Gel. Coacher Street, Chennai 82: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Guruvappa MaistryStreet

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, while the registration fee at 2% would be Rs 98,000, bringing the total to Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Guruvappa MaistryStreet?

The Guruvappa MaistryStreet falls under the jurisdiction of the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Ayanavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the registration fees and stamp duties are calculated accurately.

When buying or selling property, the guideline value helps both parties understand the financial implications of the transaction. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Guruvappa MaistryStreet?

The current guideline value of Guruvappa MaistryStreet is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, showing an overall increase of 390% over the years.

What is the land classification for Guruvappa MaistryStreet?

The land classification for Guruvappa MaistryStreet is Residential Class I Type - III.

What are the stamp duty and registration fees for property in Guruvappa MaistryStreet?

For a 1,000 sq.ft plot, the total stamp duty would be Rs 3,43,000 and the registration fee would be Rs 98,000, totaling Rs 4,41,000.

Which office handles the registration for Guruvappa MaistryStreet?

The registration for Guruvappa MaistryStreet is handled by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.