Guideline Value for GANDHI NAGAR

Gandhi Nagar guideline value

The current guideline value of Gandhi Nagar, located in Malliyankaranai village under the Uthiramerur SRO, is Rs 250 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

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 250 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 167 per sq.ft, marking a decline of 33%. However, by the 2023 revision, the value increased to Rs 250 per sq.ft, reflecting a 50% rise from the 2017 figure. The 2024 revision has maintained this value at Rs 250 per sq.ft, showing no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 250 per sq.ft.

Guideline values in Malliyankaranai

In Malliyankaranai, there are 42 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 603 per sq.ft, with a median value of Rs 401 per sq.ft. The guideline value for Gandhi Nagar is below this median.

• Durai Raj Nagar: Rs 603 per sq.ft (2024)
• DSS Avenue: Rs 450 per sq.ft (2024)
• DSR Avenue: Rs 450 per sq.ft (2024)
• Iyappa Nagar: Rs 401 per sq.ft (2024)
• Chettipettai: Rs 200 per sq.ft (2024)
• Chellammal Nagar: Rs 401 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 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, making a total of Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gandhi Nagar?

The Sub Registrar Office that covers Gandhi Nagar is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Malliyankaranai. It serves as the basis for calculating stamp duty and registration fees, which are mandatory for all property sales and purchases.

When a buyer or seller engages in a property transaction, the guideline value is compared with the sale price. The higher of the two values is used to determine the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Gandhi Nagar?

The current guideline value of Gandhi Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, then back to Rs 250 per sq.ft in 2023 and 2024.

What are the guideline values of other streets in Malliyankaranai?

Other streets in Malliyankaranai have varying guideline values, with Durai Raj Nagar at Rs 603 per sq.ft, DSS Avenue and DSR Avenue at Rs 450 per sq.ft, and Chettipettai at Rs 200 per sq.ft.

Where is the Uthiramerur Sub Registrar Office located?

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.

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

The stamp duty for property in Gandhi Nagar is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value results in a total stamp duty of Rs 17,500.