Guideline Value for Old Gst Road 2

Old Gst Road 2 guideline value

The current guideline value of Old Gst Road 2 is Rs 3,025 per sq.ft. This street is located in Anumanthaputhari village under the Chengleput Joint I SRO, classified as Residential Special Type - I.

How the guideline value of Old Gst Road 2 has changed

The guideline value for Old Gst Road 2 has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 450 per sq.ft. This increased significantly in 2012 to Rs 2,750 per sq.ft, but then dropped to Rs 1,842 per sq.ft in 2017. The value saw a substantial rise to Rs 2,750 per sq.ft again in 2023, before reaching the current value of Rs 3,025 per sq.ft effective from 1 July 2024.

In terms of percentage changes, the guideline value increased by 572% from 2007 to 2024. The most notable changes include a 511% increase from 2007 to 2012, followed by a decrease of 33% from 2012 to 2017. The value then rose by 49% from 2017 to 2023 and finally by 10% from 2023 to 2024. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Anumanthaputhari

Anumanthaputhari has 11 streets under the Chengleput Joint I SRO that carry a guideline value for 2024, ranging from Rs 1,650 to Rs 3,025 per sq.ft. The guideline value for Old Gst Road 2 is equal to the median value of Rs 3,025 per sq.ft.

• Old Gst Road 1: 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 2

For a 1,000 sq.ft plot at the current guideline value of Rs 3,025 per sq.ft, the total guideline value would be Rs 30,25,000. The stamp duty at 7% would amount to Rs 2,11,750, while the registration fee at 2% would be Rs 60,500, bringing the total to Rs 2,72,250. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Old Gst Road 2?

The Sub Registrar Office covering Old Gst Road 2 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 an essential factor in the registration process when buying or selling property in Anumanthaputhari. 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 sold, the guideline value helps ensure that the transaction is recorded accurately, reflecting the value of the property. The authorities use this value to calculate the necessary fees, which must be settled for the registration to be completed.

Frequently asked questions

What is the current guideline value of Old Gst Road 2?

The current guideline value of Old Gst Road 2 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 significantly from Rs 450 per sq.ft in 2007 to Rs 3,025 per sq.ft in 2024, marking an overall increase of 572% over the years.

What is the land classification for Old Gst Road 2?

Old Gst Road 2 is classified as Residential Special Type - I, which indicates its designated use for residential purposes.

What are the other streets in Anumanthaputhari?

Other streets in Anumanthaputhari include Old Gst Road 1, Nadutheru, T.V.Tower Road, Chengai Royal City, Varadaraj Nagar, and Varadharaji Nagar, with varying guideline values.

Where can I find the Sub Registrar Office for Old Gst Road 2?

The Sub Registrar Office for Old Gst Road 2 is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.