Guideline Value for GANDHI NAGAR

Gandhi Nagar guideline value

The current guideline value of Gandhi Nagar, located in Thiritheri village under the Chengleput Joint II SRO, is Rs 1,493 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Gandhi Nagar has changed

The guideline value for Gandhi Nagar has remained consistent over the last two revisions. The 2023 revision also listed the guideline value at Rs 1,493 per sq.ft. There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

From 2023 to 2024, there was no change in the guideline value, indicating stability at Rs 1,493 per sq.ft. This consistency highlights the current valuation for property transactions in Gandhi Nagar.

Guideline values in Thiritheri

In Thiritheri village, there are 12 streets under the Chengleput Joint II SRO that carry a guideline value for 2024, ranging from Rs 702 to Rs 1,750 per sq.ft, with a median value of Rs 1,000 per sq.ft. The guideline value for Gandhi Nagar is above this median, reflecting its positioning in the local market.

• Ellaiamman Koil St: Rs 1,000 per sq.ft (2024)
• Boulevard Villa Phase-II: Rs 1,000 per sq.ft (2024)
• Boulevad Villa: Rs 1,000 per sq.ft (2024)
• Kishen Nagar: Rs 702 per sq.ft (2024)
• Anna Nagar: Rs 702 per sq.ft (2024)
• Kuppai Kariyamman Kovil Street: Rs 1,000 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 1,493 per sq.ft, the total guideline value would be Rs 14,93,000. The stamp duty at 7% would amount to Rs 1,04,510, and the registration fee at 2% would be Rs 29,860, leading to a total cost of Rs 1,34,370. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our 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 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 further assistance.

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

The guideline value is a critical factor in property transactions in Thiritheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value will influence the stamp duty and registration fees applicable. Buyers should be aware that these costs are calculated based on the guideline value or the sale price, whichever is higher, ensuring transparency in property dealings.

Frequently asked questions

What is the current guideline value of Gandhi Nagar?

The current guideline value of Gandhi Nagar is Rs 1,493 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Gandhi Nagar has remained at Rs 1,493 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Gandhi Nagar?

The land classification for Gandhi Nagar is Residential Special Type - II, indicating its designation for residential use under local regulations.

What are the stamp duty and registration fees for property in Gandhi Nagar?

The stamp duty for a property in Gandhi Nagar is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total costs would amount to Rs 1,34,370.

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

The Sub Registrar Office for Gandhi Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information about your SRO online.