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Guideline Value

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Guideline Value for GANDHI NAGAR 1 TO 24 STREETS

₹2530/sq.ft.

The guideline value for Gandhi Nagar 1 To 24 Streets in S. Kullathur village (Pallavaram SRO, Chengalpattu zone) is Rs 2530 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 27% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

S. Kullathur

Village

Pallavaram

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹2530 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1541 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2300 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Gandhi Nagar 1 To 24 Streets

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Gandhi Nagar 1 To 24 Streets guideline value

The current guideline value for Gandhi Nagar 1 To 24 Streets in S. Kullathur village, under the Pallavaram SRO, is Rs 2,530 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - II land classification.

How the guideline value of Gandhi Nagar 1 To 24 Streets has changed

In the 2012 revision, the guideline value was set at Rs 2,300 per sq.ft. This figure decreased to Rs 1,541 per sq.ft in the 2017 revision, marking a decline of 33%. The value then increased by 30% to Rs 2,000 per sq.ft in the 2023 revision. The most recent revision in 2024 has raised the guideline value to Rs 2,530 per sq.ft, reflecting a significant increase of 27% from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in S. Kullathur

In S. Kullathur, there are 71 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 4,400 per sq.ft. The median guideline value in the village is Rs 2,750 per sq.ft, placing the 2024 figure for Gandhi Nagar 1 To 24 Streets below this median.

Stamp duty and registration fee for property in Gandhi Nagar 1 To 24 Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the guideline value amounts to Rs 25,30,000. The stamp duty at 7% would be Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, bringing the total to Rs 2,27,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Gandhi Nagar 1 To 24 Streets?

The Sub Registrar Office that covers Gandhi Nagar 1 To 24 Streets is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in S. Kullathur

The guideline value plays a crucial role in property transactions in S. Kullathur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that must be paid during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of the transaction. This ensures that both parties are informed about the financial obligations involved in the property transfer.

Frequently asked questions

What is the current guideline value for Gandhi Nagar 1 To 24 Streets?

The current guideline value for Gandhi Nagar 1 To 24 Streets is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,300 per sq.ft in 2012 to Rs 1,541 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,530 per sq.ft in 2024.

What is the land classification for Gandhi Nagar 1 To 24 Streets?

The land classification for Gandhi Nagar 1 To 24 Streets is Residential Class I Type - II.

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

The stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the guideline value. For example, for a 1,000 sq.ft plot, the total cost would be Rs 2,27,700.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Gandhi Nagar 1 To 24 Streets is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.