Guideline Value for Check Post Gandi Road

Check Post Gandi Road guideline value

The current guideline value of Check Post Gandi Road is Rs 1,980 per sq.ft, effective from 1 July 2024. This road is located in Chikkarayapuram village, under the Kunrathur SRO, and falls under the Mixed Special Type - I land classification.

How the guideline value of Check Post Gandi Road has changed

The guideline value for Check Post Gandi Road has seen significant changes over the years. In 2003, the value was Rs 51 per sq.ft, which increased to Rs 300 per sq.ft in 2007. The value then rose dramatically by 367% to Rs 1,400 per sq.ft in 2012. However, it decreased by 33% to Rs 938 per sq.ft in 2017. The subsequent revision in 2023 marked a substantial increase of 92% to Rs 1,800 per sq.ft, leading to the current value of Rs 1,980 per sq.ft in 2024, representing a 10% increase from the previous year.

It is important to note that there is no figure available for the year 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by an impressive 3782%.

Guideline values in Chikkarayapuram

In Chikkarayapuram village, there are 61 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,430 to Rs 2,800 per sq.ft. The median value is Rs 1,980 per sq.ft, which is equal to the current value of Check Post Gandi Road.

• Charles Nagar: Rs 1,980 per sq.ft (2024)
• Balasubramanian Nagar: Rs 1,870 per sq.ft (2024)
• Balaji Nagar: Rs 1,980 per sq.ft (2024)
• Balaji Avenue: Rs 1,760 per sq.ft (2024)
• Bakyam Nagar: Rs 1,760 per sq.ft (2024)
• Bajanai Koil Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Check Post Gandi Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Check Post Gandi Road?

The Sub Registrar Office that covers Check Post Gandi Road 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 Chikkarayapuram

The guideline value is a crucial factor in property transactions in Chikkarayapuram. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees, ensuring that both parties are aware of the financial implications of the transaction. This value is essential for maintaining transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Check Post Gandi Road?

The current guideline value of Check Post Gandi Road is Rs 1,980 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 51 per sq.ft in 2003 to Rs 1,980 per sq.ft in 2024, showing an overall increase of 3782% over this period.

What are the stamp duty and registration fees for property in Check Post Gandi Road?

For a property with a guideline value of Rs 19,80,000, the stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which Sub Registrar Office covers Check Post Gandi Road?

The Kunrathur Sub Registrar Office covers Check Post Gandi Road, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Check Post Gandi Road?

The land classification for Check Post Gandi Road is Mixed Special Type - I, which is relevant for determining the applicable guidelines and regulations.