Guideline Value for Model Line Gudisai Paguthi Street

Model Line Gudisai Paguthi Street guideline value

The current guideline value of Model Line Gudisai Paguthi Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the Royapuram SRO, and is classified as Residential Class II Type - II.

How the guideline value of Model Line Gudisai Paguthi Street has changed

In the 2007 revision, the guideline value was set at Rs 500 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in the 2012 revision, reflecting a 100% increase. The value remained unchanged at Rs 1,000 per sq.ft in the 2023 revision. The latest revision in 2024 has raised the guideline value to Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2017 for this street. Overall, from 2007 to 2024, the guideline value has increased by 120%.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value for Model Line Gudisai Paguthi Street is below this median.

• Model Line 9th Lane: Rs 1,300 per sq.ft (2024)
• Model Line 8th Lane: Rs 1,300 per sq.ft (2024)
• Model Line 7th Lane: Rs 1,300 per sq.ft (2024)
• Model Line 6th Lane: Rs 1,300 per sq.ft (2024)
• Model Line 5th Lane: Rs 1,300 per sq.ft (2024)
• Model Line 4th Lane: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Model Line Gudisai Paguthi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total 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 the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Model Line Gudisai Paguthi Street?

The Sub Registrar Office that covers Model Line Gudisai Paguthi Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Tondaiarpet. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Model Line Gudisai Paguthi Street?

The current guideline value of Model Line Gudisai Paguthi Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting a 120% increase overall. The value was Rs 1,000 per sq.ft in both 2012 and 2023.

What is the land classification for Model Line Gudisai Paguthi Street?

Model Line Gudisai Paguthi Street is classified as Residential Class II Type - II.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000. This is based on the current guideline value.

Which office handles the registration of properties in Tondaiarpet?

The Royapuram Sub Registrar Office handles the registration of properties in Tondaiarpet. It is located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.