Guideline Value for Guruvayurappan Nagar Street

Guruvayurappan Nagar Street guideline value

The current guideline value of Guruvayurappan Nagar Street is Rs 1,100 per sq.ft as per the 2023 revision. This street is located in Kilambakkam village, under the Gooduvancheri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Guruvayurappan Nagar Street has changed

The guideline value for Guruvayurappan Nagar Street has seen several revisions over the years. In 2007, the guideline value was Rs 450 per sq.ft, which increased significantly to Rs 1,100 per sq.ft in 2012. However, it then dropped to Rs 737 per sq.ft in the 2017 revision, before rising again to the current value of Rs 1,100 per sq.ft in 2023.

From 2017 to 2023, there was an increase of 49%. The change from 2012 to 2017 saw a decrease of 33%. The most notable increase was from 2007 to 2012, which was a substantial 144%. Overall, from 2007 to 2023, the guideline value has increased by 144%.

Guideline values in Kilambakkam

Currently, there are no specific village figures provided for Kilambakkam. Guruvayurappan Nagar Street is part of the residential classification in this area. There are no other streets in Kilambakkam listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Guruvayurappan Nagar Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Guruvayurappan Nagar Street?

The Sub Registrar Office that covers Guruvayurappan Nagar Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Kilambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value, as it affects the overall cost of the transaction. Buyers should ensure that the sale price is not below the guideline value to avoid complications during registration.

Frequently asked questions

What is the current guideline value of Guruvayurappan Nagar Street?

The current guideline value of Guruvayurappan Nagar Street is Rs 1,100 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2012, dropped to Rs 737 per sq.ft in 2017, and returned to Rs 1,100 per sq.ft in 2023.

What is the stamp duty rate for properties in Guruvayurappan Nagar Street?

The stamp duty rate for properties in Guruvayurappan Nagar Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used as a benchmark for property registration, ensuring that the minimum value for registration is met. It affects the stamp duty and registration fees that are calculated based on this value.