Guideline Value for GANDHI 2ND CROSS ST

Gandhi 2nd Cross St guideline value

The current guideline value of Gandhi 2nd Cross St is Rs 1,625 per sq.ft, effective from 1 July 2024. This street is located in Vilingiyambakkam village and falls under the Avadi SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Gandhi 2nd Cross St has changed

The guideline value for Gandhi 2nd Cross St has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,625 per sq.ft, which is an increase of 8% from the 2023 revision of Rs 1,500 per sq.ft. Looking back further, the 2017 revision was Rs 1,005 per sq.ft, marking a significant increase of 49% compared to the 2023 figure. The 2012 revision also had a value of Rs 1,500 per sq.ft, which represented a decrease of 33% from the 2017 value. Overall, from 2012 to 2024, the guideline value has increased by 8%.

The register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the earliest recorded value is from the 2012 revision.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO with guideline values ranging from Rs 800 to Rs 4,400 per sq.ft. The median value is Rs 935 per sq.ft, placing Gandhi 2nd Cross St's 2024 figure above this median.

• Gandhi 1st Cross St: Rs 1,625 per sq.ft (2024)
• Gandhi Nagar: Rs 1,625 per sq.ft (2024)
• Gandhi Nagar (M.T.H.Road Northern Side): Rs 1,625 per sq.ft (2024)
• Gandhi Nagar (West): Rs 1,625 per sq.ft (2024)
• Gandhi Street Thiruvalluvar Nagar: Rs 935 per sq.ft (2024)
• Ganesh Nagar: Rs 1,310 per sq.ft (2024)

Stamp duty and registration fee for property in Gandhi 2nd Cross St

For a 1,000 sq.ft plot at the current rate of Rs 1,625 per sq.ft, the guideline value amounts to Rs 16,25,000. The stamp duty at 7% would be Rs 1,13,750, and the registration fee at 2% would be Rs 32,500. Together, these fees would total Rs 1,46,250. 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 Gandhi 2nd Cross St?

The Sub Registrar Office that covers Gandhi 2nd Cross St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial metric used during the registration of property transactions in Vilingiyambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted fairly and transparently.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, impacting the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Gandhi 2nd Cross St?

The current guideline value of Gandhi 2nd Cross St is Rs 1,625 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase of 8% from Rs 1,500 per sq.ft in 2023 to Rs 1,625 per sq.ft in 2024. The value has also increased by 49% from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2023.

What is the land classification for Gandhi 2nd Cross St?

The land classification for Gandhi 2nd Cross St is Residential Special Type - II, indicating its designated use for residential purposes.

Where can I find the Avadi Sub Registrar Office?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties in Gandhi 2nd Cross St?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 1,13,750.