Guideline Value for GANDHI NAGAR MC NAGAR

Gandhi Nagar Mc Nagar guideline value

The current guideline value of Gandhi Nagar Mc Nagar, located in Zaminpallavaram village, is Rs 3,300 per sq.ft. This value is effective from 1 July 2024. The land classification for this area is Residential Class I Type - II.

How the guideline value of Gandhi Nagar Mc Nagar has changed

The guideline value for Gandhi Nagar Mc Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which then changed to Rs 2,010 per sq.ft in 2017. This was a decrease of 33%. However, the value increased significantly to Rs 3,000 per sq.ft in 2023, followed by another increase to Rs 3,300 per sq.ft in 2024, marking a 10% rise from the previous year.

From the 2017 revision to the 2023 revision, there was a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figure for the years 2002, 2003, and 2007 for this street.

Guideline values in Zaminpallavaram

Zaminpallavaram village has a total of 638 streets under the Pallavaram SRO, with the 2024 guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value across these streets is Rs 3,300 per sq.ft, which is the same as the guideline value for Gandhi Nagar Mc Nagar.

• Gandhi Street: Rs 3,300 per sq.ft (2024)
• Gandhi Nagar 1 To 3 Streets: Rs 3,300 per sq.ft (2024)
• Gandhi Nagar: Rs 3,300 per sq.ft (2024)
• Gandhiamman Koil Street: Rs 2,160 per sq.ft (2024)
• Ganashpriyan Avenue: Rs 2,160 per sq.ft (2024)
• Gangadharan nagar: Rs 2,160 per sq.ft (2024)

Stamp duty and registration fee for property in Gandhi Nagar Mc Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Gandhi Nagar Mc Nagar?

The Sub Registrar Office that covers Gandhi Nagar Mc Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Zaminpallavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair valuation of the property. It is crucial for buyers and sellers to be aware of these values to facilitate a smooth transaction process.

Frequently asked questions

What is the current guideline value of Gandhi Nagar Mc Nagar?

The current guideline value of Gandhi Nagar Mc Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, marking a 10% increase. It was Rs 2,010 per sq.ft in 2017, which shows a significant increase of 49% to 2023.

What is the land classification for Gandhi Nagar Mc Nagar?

The land classification for Gandhi Nagar Mc Nagar is Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Gandhi Nagar Mc Nagar?

The Sub Registrar Office for Gandhi Nagar Mc Nagar is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is stamp duty calculated for property in Gandhi Nagar Mc Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 33,00,000, the stamp duty at 7% would be Rs 2,31,000.