Guideline Value for GANDHI NAGAR

Gandhi Nagar guideline value

The current guideline value of Gandhi Nagar, located in Mevaloorkuppam village under the Sriperumpudur SRO, is Rs 1,344 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - III.

How the guideline value of Gandhi Nagar has changed

In the 2017 revision, the guideline value was set at Rs 900 per sq.ft. This figure remained unchanged until the 2023 revision, where it was again recorded at Rs 1,344 per sq.ft. The 2024 revision also maintained this value at Rs 1,344 per sq.ft, reflecting a 49% increase from the 2017 figure.

It is important to note that for the years 2002, 2003, 2007, and 2012, the register has no figure for this street. Therefore, the only revisions available for Gandhi Nagar are from 2017, 2023, and 2024, with no changes in the guideline value between 2023 and 2024.

Guideline values in Mevaloorkuppam

Mevaloorkuppam has a total of 69 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,400 per sq.ft. The median value in this village is Rs 400 per sq.ft, which means that the guideline value for Gandhi Nagar is above this median.

• Gandhi Street: Rs 200 per sq.ft (2024)
• Gangaiyamman Koil Street: Rs 200 per sq.ft (2024)
• Golden Castle: Rs 400 per sq.ft (2024)
• Eden Garden: Rs 500 per sq.ft (2024)
• Golden Growvilla: Rs 400 per sq.ft (2024)
• Green City: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Gandhi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,344 per sq.ft, the guideline value amounts to Rs 13,44,000. The stamp duty at 7% would be Rs 94,080, and the registration fee at 2% would be Rs 26,880, making the total Rs 1,20,960. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also 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 Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Mevaloorkuppam. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When registering a property, buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Gandhi Nagar?

The current guideline value of Gandhi Nagar is Rs 1,344 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 900 per sq.ft in 2017 to Rs 1,344 per sq.ft in both the 2023 and 2024 revisions, reflecting a 49% increase overall.

Are there any years with no guideline value for Gandhi Nagar?

Yes, the register has no figure for the years 2002, 2003, 2007, and 2012 for Gandhi Nagar.

What is the median guideline value in Mevaloorkuppam?

The median guideline value in Mevaloorkuppam is Rs 400 per sq.ft, with Gandhi Nagar's value being above this median.

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

The Sub Registrar Office for Gandhi Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.