Guideline Value for GANDHI NAGAR

Gandhi Nagar guideline value

The current guideline value of Gandhi Nagar, located in Vilingiyambakkam village under the Avadi SRO, is Rs 1,625 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - II.

How the guideline value of Gandhi Nagar has changed

The guideline value for Gandhi Nagar has seen several revisions over the years. In 2012, the value was set at Rs 1,500 per sq.ft. This figure was revised to Rs 1,005 per sq.ft in 2017, marking a decrease of 33%. The value then increased significantly to Rs 1,500 per sq.ft in 2023, followed by another increase to Rs 1,625 per sq.ft in 2024, representing an 8% rise.

From 2017 to 2023, the guideline value increased by 49%. Overall, comparing the figures from 2012 to 2024, there has been a total increase of 8%. The register does not provide figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft, with a median value of Rs 935 per sq.ft. Gandhi Nagar's current guideline value is above this median.

• Gandhi 2nd Cross St: Rs 1,625 per sq.ft (2024)
• Gandhi 1st Cross St: Rs 1,625 per sq.ft (2024)
• Gandhi Nagar (M.T.H.Road Northern Side): Rs 1,625 per sq.ft (2024)
• Gandhi Nagar (West): Rs 1,625 per sq.ft (2024)
• Gandhi Street Thiruvalluvar Nagar: Rs 935 per sq.ft (2024)
• Ganesh Nagar: Rs 1,310 per sq.ft (2024)

Stamp duty and registration fee for property in Gandhi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,625 per sq.ft, the total guideline value amounts to Rs 16,25,000. The stamp duty at 7% would be Rs 1,13,750, and the registration fee at 2% would be Rs 32,500, bringing the total fees together to Rs 1,46,250. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gandhi Nagar?

The Sub Registrar Office that covers Gandhi Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vilingiyambakkam. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that transactions are conducted transparently and fairly.

When a buyer approaches the Avadi SRO for registration, the guideline value will be referenced to assess the applicable stamp duty and registration fees. This ensures that the fees are calculated based on the established guideline value or the actual sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Gandhi Nagar?

The current guideline value of Gandhi Nagar is Rs 1,625 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,625 per sq.ft in 2024.

What is the land classification of Gandhi Nagar?

Gandhi Nagar is classified as Residential Special Type - II.

Where can I find the Avadi Sub Registrar Office?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties in Gandhi Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 1,46,250.