Guideline Value for GANDHI PURAM

Gandhi Puram guideline value

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

How the guideline value of Gandhi Puram has changed

The guideline value for Gandhi Puram has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which later changed to Rs 804 per sq.ft in 2017. This represented a decrease of 33%. Following this, the value increased significantly to Rs 1,200 per sq.ft in 2023, and then to Rs 1,320 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value rose by 49%. Overall, from the 2012 revision to the current 2024 figure, there has been a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Periyakuppam

In Periyakuppam, 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, with a median value of Rs 1,100 per sq.ft. The guideline value for Gandhi Puram is above this median.

• Gandhi Puram-I & II: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gandhi Puram?

The Sub Registrar Office that covers Gandhi Puram 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 during property registration in Periyakuppam. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Gandhi Puram?

The current guideline value of Gandhi Puram 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 from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Gandhi Puram?

Gandhi Puram falls under the Residential Class I Type - II land classification.

Where can I find the registration office for Gandhi Puram?

The registration office for Gandhi Puram is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

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

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 1,320 per sq.ft, the stamp duty would be Rs 92,400.