Guideline Value for ASD MAHATHMA GANDHI NAGAR

Asd Mahathma Gandhi Nagar guideline value

The current guideline value of Asd Mahathma Gandhi Nagar is Rs 650 per sq.ft, effective from 1 July 2024. This area is located in Sirukalathur village under the Kunrathur SRO, classified as Mixed Type - II land.

How the guideline value of Asd Mahathma Gandhi Nagar has changed

The guideline value for Asd Mahathma Gandhi Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 650 per sq.ft, which is an increase from Rs 598 per sq.ft in the 2023 revision, marking a change of +9%. Prior to these revisions, the register has no figures for the years 2017, 2012, 2007, 2003, and 2002.

In summary, the guideline values for the last two revisions are Rs 598 per sq.ft in 2023 and Rs 650 per sq.ft in 2024. The absence of figures in previous revisions indicates that there was no established guideline value for Asd Mahathma Gandhi Nagar during those years.

Guideline values in Sirukalathur

In Sirukalathur, there are 32 streets under the Kunrathur SRO that have a guideline value for 2024, ranging from Rs 450 to Rs 2,970 per sq.ft. The median guideline value for these streets is Rs 550 per sq.ft, placing Asd Mahathma Gandhi Nagar above this median.

• A.R.K. Vigneshwar Nagar: Rs 500 per sq.ft (2024)
• Bavani Amman Nagar: Rs 500 per sq.ft (2024)
• Bhavani Amman Nagar II: Rs 500 per sq.ft (2024)
• Bhavani Nagar & II: Rs 500 per sq.ft (2024)
• Aariya Enclave: Rs 550 per sq.ft (2024)
• Eathen Garden: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Asd Mahathma Gandhi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 650 per sq.ft, the total guideline value amounts to Rs 6,50,000. The stamp duty at 7% would be Rs 45,500, and the registration fee at 2% would be Rs 13,000, totaling Rs 58,500. 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 further calculations.

Which Sub Registrar Office covers Asd Mahathma Gandhi Nagar?

The Sub Registrar Office that covers Asd Mahathma Gandhi Nagar is the Kunrathur Sub Registrar Office, located at No.59. Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Sirukalathur, as it determines the minimum value at which a property can be registered. When buying or selling, this value is used to calculate the stamp duty and registration fees, which are mandatory for legal ownership transfer.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements and to understand the financial implications of property transactions in the area.

Frequently asked questions

What is the current guideline value of Asd Mahathma Gandhi Nagar?

The current guideline value of Asd Mahathma Gandhi Nagar is Rs 650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed in recent years?

The guideline value increased from Rs 598 per sq.ft in 2023 to Rs 650 per sq.ft in 2024, reflecting a change of +9%. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

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

For a property valued at Rs 6,50,000, the stamp duty would be Rs 45,500 and the registration fee would be Rs 13,000, making the total Rs 58,500. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Asd Mahathma Gandhi Nagar?

The Kunrathur Sub Registrar Office handles property registrations for Asd Mahathma Gandhi Nagar, located at No.59. Road Street, Kundrathur, Chennai -600 069.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum registration value for properties, impacting the stamp duty and registration fees. It is essential for buyers and sellers to understand this value to comply with legal requirements during property transactions.