Guideline Value for GANDEHI ST

Gandehi St guideline value

The current guideline value of Gandehi St in Srikaligapuram village, under the Ramakrishna Rajupettai SRO, is Rs 150 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class I Type - I.

How the guideline value of Gandehi St has changed

Over the years, the guideline value of Gandehi St has seen significant changes. The earliest recorded revision was in 2007, where the value was Rs 40 per sq.ft. This increased to Rs 75 per sq.ft in 2012, marking an increase of 88%. However, from 2012 to 2017, the value decreased to Rs 50 per sq.ft, a drop of 33%. The guideline value then rose sharply to Rs 150 per sq.ft in 2023, reflecting a 200% increase. The most recent revision in 2024 has maintained this value at Rs 150 per sq.ft, showing no change from the previous year.

It is important to note that the register has no figures for Gandehi St for the years 2002 and 2003. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 275%.

Guideline values in Srikaligapuram

In Srikaligapuram, there are 17 streets under the Ramakrishna Rajupettai SRO that carry a 2024 guideline value, all set at Rs 150 per sq.ft, with the median also at Rs 150 per sq.ft. Gandehi St's 2024 value aligns with this median.

• Indra Nagar: Rs 150 per sq.ft (2024)
• Big Street: Rs 150 per sq.ft (2024)
• Kamarajar St: Rs 150 per sq.ft (2024)
• Kirubanantha Variyar St: Rs 150 per sq.ft (2024)
• Anna St: Rs 150 per sq.ft (2024)
• Madam St: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Gandehi St

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, while the registration fee at 2% would be Rs 3,000. Thus, the total cost for these fees would be Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Gandehi St?

The Sub Registrar Office that covers Gandehi St is the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Srikaligapuram. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers should be aware that the guideline value is the benchmark for calculating these fees, ensuring transparency in property transactions.

When a property is sold, the sale price cannot be lower than the guideline value, ensuring that the state collects the appropriate taxes. Therefore, understanding the guideline value is essential for both buyers and sellers in Srikaligapuram.

Frequently asked questions

What is the current guideline value of Gandehi St?

The current guideline value of Gandehi St is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 40 per sq.ft in 2007 to Rs 150 per sq.ft in 2024, marking an overall increase of 275% over the years.

What are the stamp duty and registration fees for a property in Gandehi St?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 10,500 and the registration fee would be Rs 3,000, totaling Rs 13,500.

Which office handles property registrations for Gandehi St?

The Ramakrishna Rajupettai Sub Registrar Office handles property registrations for Gandehi St, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone.

What is the land classification for Gandehi St?

Gandehi St is classified as Residential Class I Type - I, indicating its intended use for residential purposes.