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Guideline Value

Corporate

Guideline Value for GANDHI NAGAR 7TH STREET (WARD -3)

₹990/sq.ft.

The guideline value for Gandhi Nagar 7th 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 7th Street (ward -3)

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Gandhi Nagar 7th Street (Ward -3) guideline value

The current guideline value of Gandhi Nagar 7th 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 7th Street (Ward -3) has changed

The guideline value for Gandhi Nagar 7th Street has seen several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in the 2017 revision. However, the 2023 revision increased it to Rs 900 per sq.ft, and the latest revision in 2024 raised it further to Rs 990 per sq.ft. The changes from 2012 to 2024 show an overall increase of 10%.

From 2017 to 2023, there was a significant increase of 49%. The transition from 2023 to 2024 reflects a 10% rise. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

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 is Rs 990 per sq.ft, which is equal to the 2024 figure for Gandhi Nagar 7th Street.

Stamp duty and registration fee for property in Gandhi Nagar 7th 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, bringing the total cost for these fees to Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Gandhi Nagar 7th Street (Ward -3)?

The Sub Registrar Office that covers Gandhi Nagar 7th 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 plays a crucial role in property transactions in Panangottur. It is used to determine the registration fees and stamp duty payable when buying or selling property. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is registered, the guideline value serves as a baseline for calculating the applicable fees. This ensures that all transactions are recorded accurately and transparently, reflecting the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value of Gandhi Nagar 7th Street (Ward -3)?

The current guideline value of Gandhi Nagar 7th 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 7th Street (Ward -3)?

The land classification for Gandhi Nagar 7th Street (Ward -3) is Residential Class I Type - II.

Which office handles the registration for Gandhi Nagar 7th Street (Ward -3)?

The Chengleput Joint II Sub Registrar Office handles the registration for Gandhi Nagar 7th Street (Ward -3), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Gandhi Nagar 7th Street (Ward -3)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 9,90,000 would incur a stamp duty of Rs 69,300 at 7% and a registration fee of Rs 19,800 at 2%.