Guideline Value for Old Gst Road 1

Old Gst Road 1 guideline value

The current guideline value of Old Gst Road 1 is Rs 3,025 per sq.ft, effective from 1 July 2024. This street is located in Anumanthaputhari village, under the Chengleput Joint I SRO, and is classified as Residential Special Type - I.

How the guideline value of Old Gst Road 1 has changed

The guideline value for Old Gst Road 1 has seen several revisions over the years. In 2007, the value was Rs 450 per sq.ft, which increased significantly to Rs 2,750 per sq.ft in 2012. However, it decreased by 33% to Rs 1,842 per sq.ft in 2017. The value then rose sharply to Rs 2,750 per sq.ft in 2023, before reaching the current rate of Rs 3,025 per sq.ft in 2024, which reflects an increase of 10% from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 572%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Anumanthaputhari

In Anumanthaputhari, there are 11 streets under the Chengleput Joint I SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 3,025 per sq.ft, with the median also being Rs 3,025 per sq.ft. Old Gst Road 1's 2024 figure matches this median.

• Old Gst Road 2: Rs 3,025 per sq.ft (2024)
• Nadutheru: Rs 3,025 per sq.ft (2024)
• T.V.Tower Road: Rs 1,655 per sq.ft (2024)
• Chengai Royal City: Rs 3,025 per sq.ft (2024)
• Varadaraj Nagar: Rs 3,025 per sq.ft (2024)
• Varadharaji Nagar: Rs 3,025 per sq.ft (2024)

Stamp duty and registration fee for property in Old Gst Road 1

For a 1,000 sq.ft plot at the current rate of Rs 3,025 per sq.ft, the guideline value amounts to Rs 30,25,000. The stamp duty at 7% would be Rs 2,11,750, and the registration fee at 2% would be Rs 60,500, totaling Rs 2,72,250. It is important to note that the 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 assistance.

Which Sub Registrar Office covers Old Gst Road 1?

The Sub Registrar Office that covers Old Gst Road 1 is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Anumanthaputhari, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that all transactions comply with the legal framework.

When a property is sold, the buyer and seller must consider the guideline value to ensure that the sale price is in accordance with the registered value. This helps maintain transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Old Gst Road 1?

The current guideline value of Old Gst Road 1 is Rs 3,025 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2007 to Rs 3,025 per sq.ft in 2024, reflecting an overall increase of 572% over the years.

What is the land classification for Old Gst Road 1?

Old Gst Road 1 is classified as Residential Special Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Old Gst Road 1?

The Chengleput Joint I Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Anumanthaputhari?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 30,25,000, the stamp duty at 7% would be Rs 2,11,750.