Guideline Value for Dinesh Nagar Gandhi Street

Dinesh Nagar Gandhi Street guideline value

The current guideline value of Dinesh Nagar Gandhi Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in 44.Ayanambakkam village under the Konnur SRO, classified as Residential Class II Type - I.

How the guideline value of Dinesh Nagar Gandhi Street has changed

The guideline value for Dinesh Nagar Gandhi Street has seen significant changes over the years. The 2017 revision recorded a guideline value of Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 1,300 per sq.ft, reflecting an 8% increase from the previous year.

It is important to note that the register has no figure for this street for the years 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 62%.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO that carry a 2024 guideline value, ranging from Rs 801 to Rs 9,702 per sq.ft. The median value is Rs 1,300 per sq.ft, which is the same as the guideline value for Dinesh Nagar Gandhi Street.

• Dinesh Nagar Elango Street: Rs 1,300 per sq.ft (2024)
• Dinesh Nagar Main Road: Rs 1,300 per sq.ft (2024)
• Dinesh Nagar Bharathidasan Street: Rs 1,300 per sq.ft (2024)
• Dinesh Nagar Sriram Street: Rs 1,300 per sq.ft (2024)
• Dinesh Nagar Balaji Main Road: Rs 1,300 per sq.ft (2024)
• Dinesh Nagar Thiruvallur Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Dinesh Nagar Gandhi Street

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dinesh Nagar Gandhi Street?

The Sub Registrar Office covering Dinesh Nagar Gandhi Street is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more details.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is a critical factor when registering property transactions in 44.Ayanambakkam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, it is essential to be aware of the current guideline value, as it can significantly impact the overall costs involved in the transaction. Buyers should ensure that they are prepared for these expenses, which are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Dinesh Nagar Gandhi Street?

The current guideline value of Dinesh Nagar Gandhi Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 804 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2024, marking an overall increase of 62% over these years.

What is the registration office for Dinesh Nagar Gandhi Street?

The registration office for Dinesh Nagar Gandhi Street is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 1,300 per sq.ft incurs a total of Rs 1,17,000 in fees.

What is the land classification for Dinesh Nagar Gandhi Street?

Dinesh Nagar Gandhi Street is classified as Residential Class II Type - I, indicating its designation for residential use within the Konnur SRO area.