Guideline Value for GANDHI AVENUE

Gandhi Avenue guideline value

The current guideline value of Gandhi Avenue in Enjambakkam village, under the Neelankarai SRO, is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - II.

How the guideline value of Gandhi Avenue has changed

The guideline value for Gandhi Avenue has seen several revisions over the years. Starting from Rs 352 per sq.ft in 2003, it increased significantly to Rs 2,700 per sq.ft in 2007. The value then changed to Rs 3,000 per sq.ft in 2012, before dropping to Rs 2,010 per sq.ft in 2017. Following this, the value rose to Rs 3,000 per sq.ft in 2023, and finally reached Rs 3,300 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 838%. The register has no figure for the year 2002 for this street.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median value is Rs 2,200 per sq.ft, making the 2024 guideline value for Gandhi Avenue above this median.

• Gandhi Street: Rs 3,300 per sq.ft (2024)
• Ever Green Resorts: Rs 3,300 per sq.ft (2024)
• Gangai Amman Koil Cross Street: Rs 2,200 per sq.ft (2024)
• Gangai Amman Koil Road (Kuppam Road): Rs 2,200 per sq.ft (2024)
• Gangai Amman Koil Street: Rs 2,200 per sq.ft (2024)
• Gangai Amman Koil Street (Near Meenavar Kuppam): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Gandhi Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. 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 accurate calculations based on your property details.

Which Sub Registrar Office covers Gandhi Avenue?

The Sub Registrar Office that covers Gandhi Avenue is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Enjambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these costs are based on the official valuation of the property.

When buying or selling property, the guideline value helps in establishing a fair price for the transaction. Buyers and sellers must consider this value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Gandhi Avenue?

The current guideline value of Gandhi Avenue is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 352 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 838% over the years.

What is the stamp duty rate for property in Gandhi Avenue?

The stamp duty rate for property in Gandhi Avenue is 7% of the guideline value or the sale price, whichever is higher.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What are the other streets in Enjambakkam with similar guideline values?

Other streets in Enjambakkam include Gandhi Street and Ever Green Resorts, both with a guideline value of Rs 3,300 per sq.ft, while several others are at Rs 2,200 per sq.ft.