Guideline Value for Nageswara Gurusamy Street

Nageswara Gurusamy Street guideline value

The current guideline value of Nageswara Gurusamy Street is Rs 5,500 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 - II.

How the guideline value of Nageswara Gurusamy Street has changed

The guideline value for Nageswara Gurusamy Street has seen several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012, marking a 400% increase. However, in 2017, the value decreased to Rs 3,350 per sq.ft, a drop of 33%. The value then rose again to Rs 5,000 per sq.ft in 2023, followed by a further increase to the current rate of Rs 5,500 per sq.ft in 2024, reflecting a 10% increase.

Overall, from 2007 to 2024, the guideline value has increased by 450%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO that carry a 2024 guideline value, ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, placing Nageswara Gurusamy Street's current value above that median.

• Nagammal Street: Rs 4,400 per sq.ft (2024)
• Muthukumarappa Street & Nagar Chennai 82: Rs 4,400 per sq.ft (2024)
• Muthukumarappa Nagar: Rs 4,400 per sq.ft (2024)
• Muthamman Nagar: Rs 4,400 per sq.ft (2024)
• Muthamman koil street: Rs 4,900 per sq.ft (2024)
• Muthamman koil lane: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Nageswara Gurusamy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total fees together to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nageswara Gurusamy Street?

The Sub Registrar Office that covers Nageswara Gurusamy Street is the AnnaNagar 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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ayanavaram. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer must pay the stamp duty based on the higher amount between the guideline value and the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Nageswara Gurusamy Street?

The current guideline value of Nageswara Gurusamy Street is Rs 5,500 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 5,500 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What is the land classification for Nageswara Gurusamy Street?

The land classification for Nageswara Gurusamy Street is Residential Class I Type - II.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.

Which Sub Registrar Office is responsible for Nageswara Gurusamy Street?

The AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, is responsible for Nageswara Gurusamy Street.