Guideline Value for GANDHI NAGAR 1 TO 4 CROSS STREET

Gandhi Nagar 1 To 4 Cross Street guideline value

The current guideline value of Gandhi Nagar 1 To 4 Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in S. Kullathur village under the Pallavaram SRO, classified as Residential Class I Type - I.

How the guideline value of Gandhi Nagar 1 To 4 Cross Street has changed

Since the 2012 revision, the guideline value for Gandhi Nagar 1 To 4 Cross Street has remained at Rs 2,500 per sq.ft until the 2023 revision, which also maintained the same rate. However, in the 2024 revision, the guideline value increased to Rs 2,750 per sq.ft, marking a 10% rise from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street. Overall, from 2012 to 2024, 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 value is Rs 2,750 per sq.ft, which aligns with the current guideline value of Gandhi Nagar 1 To 4 Cross Street.

• Gandhi Nagar 1 To 3 Main Road: Rs 2,530 per sq.ft (2024)
• Gandhi Nagar 1 To 24 Streets: Rs 2,530 per sq.ft (2024)
• Engineering Avenue 1 To 5 Streets: Rs 2,750 per sq.ft (2024)
• Easwaran Koil Street: Rs 2,530 per sq.ft (2024)
• Dillibabu Nagar: Rs 2,750 per sq.ft (2024)
• Heera Avenue: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Gandhi Nagar 1 To 4 Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, leading to a total of Rs 2,47,500. Please note that 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 details.

Which Sub Registrar Office covers Gandhi Nagar 1 To 4 Cross Street?

The Sub Registrar Office that covers Gandhi Nagar 1 To 4 Cross Street 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 is a crucial factor during property registration in S. Kullathur. It serves as a benchmark for calculating the stamp duty and registration fees applicable when a property is bought or sold.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation and ensuring compliance with local regulations. Buyers and sellers should be aware of the current guideline value to understand their financial obligations better.

Frequently asked questions

What is the current guideline value of Gandhi Nagar 1 To 4 Cross Street?

The current guideline value of Gandhi Nagar 1 To 4 Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 2,500 per sq.ft from 2012 until 2023, after which it increased to Rs 2,750 per sq.ft in 2024, marking a 10% rise from the previous year.

What is the land classification of Gandhi Nagar 1 To 4 Cross Street?

Gandhi Nagar 1 To 4 Cross Street is classified as Residential Class I Type - I.

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

The Sub Registrar Office for Gandhi Nagar 1 To 4 Cross Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 at a rate of 7%.