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Guideline Value

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Guideline Value for GANDHI NAGAR 4TH STREET (WARD -3)

₹990/sq.ft.

The guideline value for Gandhi Nagar 4th Street (ward -3) in Panangottur village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 990 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Panangottur

Village

Chengleput Joint II

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹990 /sq.ft.
From 1-4-2023 ₹900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹603 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹900 /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)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Gandhi Nagar 4th Street (ward -3)

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Gandhi Nagar 4th Street (Ward -3) guideline value

The current guideline value of Gandhi Nagar 4th Street (Ward -3) is Rs 990 per sq.ft, effective from 1 July 2024. This street is located in Panangottur village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Gandhi Nagar 4th Street (Ward -3) has changed

In the 2012 revision, the guideline value was Rs 900 per sq.ft. This figure remained unchanged in the 2017 revision, where it dropped to Rs 603 per sq.ft, marking a decrease of 33%. The value then increased significantly in the 2023 revision to Rs 900 per sq.ft, followed by a further increase to Rs 990 per sq.ft in the 2024 revision, reflecting a rise of 10% from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 10%.

For the years 2002, 2003, and 2007, the register has no figure for this street. The changes between the revisions indicate a substantial fluctuation in the guideline value over the years, particularly from 2017 to 2023, where it saw an increase of 49%.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value is Rs 990 per sq.ft, which is equal to the 2024 figure for Gandhi Nagar 4th Street (Ward -3).

Stamp duty and registration fee for property in Gandhi Nagar 4th Street (Ward -3)

For a 1,000 sq.ft plot at the current rate of Rs 990 per sq.ft, the guideline value would be Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, totaling Rs 89,100. 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 accurate calculations.

Which Sub Registrar Office covers Gandhi Nagar 4th Street (Ward -3)?

The Sub Registrar Office that covers Gandhi Nagar 4th Street (Ward -3) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Panangottur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects a fair value as per government standards.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers must pay these fees based on the guideline value or the sale price, whichever is higher, making it crucial to understand the current rates.

Frequently asked questions

What is the current guideline value of Gandhi Nagar 4th Street (Ward -3)?

The current guideline value of Gandhi Nagar 4th Street (Ward -3) is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then rising to Rs 900 per sq.ft in 2023 and finally to Rs 990 per sq.ft in 2024.

What is the land classification for Gandhi Nagar 4th Street (Ward -3)?

The land classification for Gandhi Nagar 4th Street (Ward -3) is Residential Class I Type - II.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300, and the registration fee would be Rs 19,800, totaling Rs 89,100.

Which office handles registrations for Gandhi Nagar 4th Street (Ward -3)?

The registrations for Gandhi Nagar 4th Street (Ward -3) are handled by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.