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

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 Sattamangalam 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 6th Street (Ward -3) has changed

Over the years, the guideline value of Gandhi Nagar 6th Street has seen several revisions. The 2012 revision set the value at Rs 900 per sq.ft, which was followed by a decrease to Rs 603 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly to Rs 900 per sq.ft, marking a 49% rise. The most recent revision in 2024 has further increased the guideline value to Rs 990 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for this street in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Gandhi Nagar 6th Street is below this median.

• Gandhi Nagar 7th Street (Ward -3): Rs 990 per sq.ft (2024)
• Gandhi Nagar 5th Street (Ward -3): Rs 990 per sq.ft (2024)
• Gandhi Nagar 4th Street (Ward -3): Rs 990 per sq.ft (2024)
• Gandhi Nagar 3rd Street (Ward -3): Rs 990 per sq.ft (2024)
• Gandhi Nagar 2nd Street (Ward -3): Rs 990 per sq.ft (2024)
• Gandhi Nagar 1st Street (Ward -3): Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Gandhi Nagar 6th 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 amount to Rs 69,300, and the registration fee at 2% would be Rs 19,800, totaling Rs 89,100. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Sattamangalam. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value.

When a property transaction occurs, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is aligned with the established values in the area.

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 increased to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What are the other streets in Sattamangalam with the same guideline value?

Other streets in Sattamangalam that share the same guideline value of Rs 990 per sq.ft include Gandhi Nagar 1st, 2nd, 3rd, 4th, 5th, and 7th Streets (Ward -3).

Where can I calculate stamp duty and registration fees?

You can calculate the stamp duty and registration fees using the stamp duty and registration fee calculator available on our site.

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

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