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Guideline Value

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

₹990/sq.ft.

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

Peramanoor

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 for Gandhi Nagar 7th Street (Ward -3) is Rs 990 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor village and falls under the Chengleput Joint II SRO, classified as 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 (Ward -3) has undergone several revisions over the years. The earliest recorded revision in 2012 set the value at Rs 900 per sq.ft, which remained unchanged until the next revision in 2017, where it decreased to Rs 603 per sq.ft, marking a decline of 33%. The 2023 revision saw a significant increase to Rs 900 per sq.ft, followed by another increase to Rs 990 per sq.ft in 2024, reflecting a 10% rise.

From 2017 to 2023, the value increased by 49%. Overall, comparing the figures from 2012 to 2024, there has been a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, indicating that the 2024 figure for Gandhi Nagar 7th Street is below this median.

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 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, 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.

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

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

The Sub Registrar Office covering Gandhi Nagar 7th 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 Peramanoor

The guideline value serves as a benchmark for property transactions in Peramanoor, ensuring that the property is registered at a value that reflects the current market conditions. When a property is bought or sold, the guideline value is typically used to calculate the stamp duty and registration fees, which are mandatory for legal ownership transfer.

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

Frequently asked questions

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

The current guideline value for 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 increased to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the classification of land in Gandhi Nagar 7th Street (Ward -3)?

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

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

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

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. For a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300 at a rate of 7%.