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Guideline Value

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Guideline Value for GANDHI NAGAR 6TH STREET (WARD -3)

₹990/sq.ft.

The guideline value for Gandhi Nagar 6th 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 6th Street (ward -3)

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Gandhi Nagar 6th Street (Ward -3) guideline value

The current guideline value of Gandhi Nagar 6th 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, classified as Residential Class I Type - II.

How the guideline value of Gandhi Nagar 6th Street (Ward -3) has changed

Over the years, the guideline value of Gandhi Nagar 6th Street (Ward -3) has seen several revisions. The 2012 revision set the value at Rs 900 per sq.ft, which remained unchanged until the 2017 revision when it decreased to Rs 603 per sq.ft. Following this, the 2023 revision brought it back up to Rs 900 per sq.ft, and the latest 2024 revision has increased it further to Rs 990 per sq.ft, marking a 10% rise from the previous year.

In summary, the changes between revisions show a significant increase from Rs 603 per sq.ft in 2017 to Rs 990 per sq.ft in 2024, which is a 49% increase over that period. The overall change from the 2012 revision to the 2024 revision reflects a 10% increase, with no figures available for the revisions in 2002, 2003, and 2007.

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 value across these streets is Rs 990 per sq.ft, which is the same as the guideline value for Gandhi Nagar 6th Street (Ward -3).

Stamp duty and registration fee for property in Gandhi Nagar 6th Street (Ward -3)

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to 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, resulting in a total cost of Rs 89,100. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gandhi Nagar 6th Street (Ward -3)?

The Sub Registrar Office that covers Gandhi Nagar 6th Street (Ward -3) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

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

When buying or selling property in Panangottur, the guideline value plays a crucial role in determining the registration fees and stamp duties. The guideline value is used as a basis for calculating these fees, ensuring that the transaction is recorded accurately and legally.

It is essential for buyers and sellers to be aware of the current guideline value, as it can directly affect the overall cost of the transaction. Accurate knowledge of the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Gandhi Nagar 6th Street (Ward -3)?

The current guideline value of Gandhi Nagar 6th 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 changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then back 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 6th Street (Ward -3)?

Gandhi Nagar 6th Street (Ward -3) is classified as Residential Class I Type - II.

Which office handles registrations for this street?

The Chengleput Joint II Sub Registrar Office handles registrations for Gandhi Nagar 6th Street (Ward -3), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

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

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. Duty is charged on the higher of the guideline value and the sale price.