Guideline Value for GANDHI NAGAR

Gandhi Nagar guideline value

The current guideline value of Gandhi Nagar, located in Thadaperumbakkam_2 village under the Ponneri SRO, is Rs 300 per sq.ft as per the 2024 revision effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Gandhi Nagar has changed

In the 2017 revision, the guideline value for Gandhi Nagar was Rs 134 per sq.ft. It saw a significant increase to Rs 300 per sq.ft in the 2023 revision, marking a change of +124%. The guideline value remained at Rs 300 per sq.ft in the 2024 revision, resulting in no change from the previous year.

The register does not have figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, there has been an increase of +124% in the guideline value.

Guideline values in Thadaperumbakkam_2

In Thadaperumbakkam_2, there are 23 streets under the Ponneri SRO that carry a guideline value for 2024 ranging from Rs 300 to Rs 600 per sq.ft. The median guideline value in this area is Rs 300 per sq.ft, which is equal to the current guideline value of Gandhi Nagar.

• Devaki Green Garden: Rs 400 per sq.ft (2024)
• Chennai City: Rs 400 per sq.ft (2024)
• Kailash Nagar: Rs 300 per sq.ft (2024)
• Bharath Nagar: Rs 300 per sq.ft (2024)
• Annamalai Nagar: Rs 300 per sq.ft (2024)
• Annai Abirami Nagar: Rs 300 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 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, making a total of Rs 27,000. Please 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 information.

Which Sub Registrar Office covers Gandhi Nagar?

The Sub Registrar Office that covers Gandhi Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Thadaperumbakkam_2

The guideline value is a crucial factor during the registration of property transactions in Thadaperumbakkam_2. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that all transactions are valued fairly according to the government standards.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly impacts the overall costs involved in the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Gandhi Nagar?

The current guideline value of Gandhi Nagar is Rs 300 per sq.ft as per the 2024 revision effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 134 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, which is a change of +124%. It remained at Rs 300 per sq.ft in the 2024 revision.

What are the other guideline values in Thadaperumbakkam_2?

In Thadaperumbakkam_2, other streets have guideline values ranging from Rs 300 to Rs 600 per sq.ft. The median value is Rs 300 per sq.ft, which is the same as Gandhi Nagar's current guideline value.

What are the fees associated with property registration in Gandhi Nagar?

The stamp duty for property in Gandhi Nagar is 7% of the guideline value, and the registration fee is 2%. For example, for a plot valued at Rs 3,00,000, the total fees would amount to Rs 27,000.

Which office handles property registrations for Gandhi Nagar?

The Ponneri Sub Registrar Office handles property registrations for Gandhi Nagar. It is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.