Guideline Value for Guruvayurappan Nagar

Guruvayurappan Nagar guideline value

The current guideline value of Guruvayurappan Nagar is Rs 1,195 per sq.ft, as per the 2023 revision. This area is located in Ayyencheri village and falls under the Gooduvancheri Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - I.

How the guideline value of Guruvayurappan Nagar has changed

Over the years, the guideline value of Guruvayurappan Nagar has undergone several revisions. In the 2007 revision, the guideline value was Rs 445 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2012, marking a 125% rise. However, from 2012 to 2017, the value decreased to Rs 800 per sq.ft, reflecting a 20% decline. The most recent revision in 2023 saw the guideline value rise to Rs 1,195 per sq.ft, which is a 49% increase from the 2017 figure.

In total, from the 2007 revision to the 2023 revision, the guideline value has increased by 169%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Ayyencheri

Currently, there are no specific village figures provided for Ayyencheri. Guruvayurappan Nagar is one of the areas under the Gooduvancheri SRO. There are no other streets in Ayyencheri listed with guideline values.

Stamp duty and registration fee for property in Guruvayurappan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,195 per sq.ft, the total guideline value amounts to Rs 11,95,000. The stamp duty at 7% would be Rs 83,650, and the registration fee at 2% would be Rs 23,900. Therefore, the total cost for stamp duty and registration fee together would be Rs 1,07,550. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Guruvayurappan Nagar?

The Guruvayurappan Nagar area is covered by 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 information.

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

The guideline value is a crucial factor in determining the registration fees and stamp duty when buying or selling property in Ayyencheri. It serves as a benchmark for the minimum value at which property transactions are registered, ensuring that the government receives the appropriate revenue from property sales.

When a property is sold, the buyer and seller must refer to the guideline value to calculate the applicable stamp duty and registration fees. This ensures transparency and fairness in property transactions, as the fees are based on a standardized valuation rather than arbitrary figures.

Frequently asked questions

What is the current guideline value of Guruvayurappan Nagar?

The current guideline value of Guruvayurappan Nagar is Rs 1,195 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

Since 2007, the guideline value has seen significant changes, increasing from Rs 445 per sq.ft in 2007 to Rs 1,195 per sq.ft in 2023, which is an overall increase of 169%.

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

For a property valued at Rs 11,95,000, the stamp duty would be Rs 83,650 and the registration fee would be Rs 23,900, totaling Rs 1,07,550.

Which Sub Registrar Office covers Guruvayurappan Nagar?

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

Are there any other streets in Ayyencheri with guideline values?

Currently, there are no other streets in Ayyencheri listed with guideline values under the Gooduvancheri SRO.