Guideline Value for GANDHI PURAM IIND STREET

Gandhi Puram Iind Street guideline value

The current guideline value of Gandhi Puram Iind Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Tnagar village, under the Thiyagaraya nagar SRO, classified as Residential Class III Type - III.

How the guideline value of Gandhi Puram Iind Street has changed

The guideline value for Gandhi Puram Iind Street has undergone several revisions over the years. Starting with the 2002 revision, the value was Rs 1,680 per sq.ft. It increased to Rs 1,865 per sq.ft in 2003, which was a rise of 11%. The 2007 revision saw a further increase to Rs 2,000 per sq.ft, marking a 7% change. The value then jumped to Rs 4,000 per sq.ft in 2012, reflecting a significant increase of 100% from the previous revision. However, in 2017, the value decreased to Rs 2,680 per sq.ft, representing a decline of 33%.

From 2017 to 2023, the guideline value rose sharply to Rs 4,000 per sq.ft, which was a 49% increase. The most recent revision in 2024 set the value at Rs 4,400 per sq.ft, showing a 10% increase from the previous year. There are no figures for the years not mentioned in the register for this street.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO that carry a 2024 guideline value, ranging from Rs 4,400 to Rs 27,500 per sq.ft, with a median value of Rs 11,000 per sq.ft. The guideline value of Gandhi Puram Iind Street is below this median.

• Gandhipuram Iiird Street: Rs 4,400 per sq.ft (2024)
• Gandhipuram Ist Street: Rs 4,400 per sq.ft (2024)
• Gandhipuram Cross Street: Rs 4,400 per sq.ft (2024)
• Gandhi Street: Rs 9,900 per sq.ft (2024)
• Gangai Amman Koil Street: Rs 4,400 per sq.ft (2024)
• Gankaikaraipuram: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Gandhi Puram Iind Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, leading to a total of Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gandhi Puram Iind Street?

The Sub Registrar Office that covers Gandhi Puram Iind Street is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Tnagar. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is considered to ensure that the transaction is registered at a fair value. This helps in maintaining transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Gandhi Puram Iind Street?

The current guideline value of Gandhi Puram Iind Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,680 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, showing an overall increase of 162%.

What is the stamp duty for property in Gandhi Puram Iind Street?

The stamp duty for property in Gandhi Puram Iind Street is 7% of the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers this street?

The Thiyagaraya nagar Sub Registrar Office covers Gandhi Puram Iind Street, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35.

What are the guideline values of other streets in Tnagar?

Other streets in Tnagar have guideline values ranging from Rs 4,400 to Rs 27,500 per sq.ft, with the median value being Rs 11,000 per sq.ft.