Guideline Value for GANDHI PURAM-I & II

Gandhi Puram-I & II guideline value

The current guideline value for Gandhi Puram-I & II is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Periyakuppam village and falls under the Tiruvallur Joint 1 SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Gandhi Puram-I & II has changed

Looking at the historical revisions, the guideline value for Gandhi Puram-I & II has seen several changes. The 2012 revision set the value at Rs 1,200 per sq.ft, which decreased to Rs 804 per sq.ft in the 2017 revision, marking a drop of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,200 per sq.ft, a rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, the guideline value has increased by 10% from the 2012 figure to the current 2024 figure.

Guideline values in Periyakuppam

In Periyakuppam village, there are 105 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, indicating that the guideline value for Gandhi Puram-I & II is above this median.

• Gandhi Puram: Rs 1,320 per sq.ft (2024)
• Gomathi Amman Nagar- Annex-27: Rs 879 per sq.ft (2024)
• Gopala Puram: Rs 1,320 per sq.ft (2024)
• E - City: Rs 1,320 per sq.ft (2024)
• Hare Ram Nagar: Rs 1,320 per sq.ft (2024)
• Heraram Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Gandhi Puram-I & II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. 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 Puram-I & II?

The Sub Registrar Office that covers Gandhi Puram-I & II is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Periyakuppam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. This value is used to calculate the applicable stamp duty and registration fees, which are necessary for completing the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value for Gandhi Puram-I & II?

The current guideline value for Gandhi Puram-I & II is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the median guideline value for streets in Periyakuppam?

The median guideline value for the 105 streets in Periyakuppam is Rs 1,100 per sq.ft, with Gandhi Puram-I & II being above this median at Rs 1,320 per sq.ft.

What are the stamp duty and registration fees for Gandhi Puram-I & II?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which office handles property registrations for Gandhi Puram-I & II?

The Tiruvallur Joint 1 Sub Registrar Office handles property registrations for Gandhi Puram-I & II, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.