Guideline Value for GANDHI ROAD

Gandhi Road guideline value

The current guideline value of Gandhi Road, located in Ponneri_2 village under the Ponneri SRO, is Rs 702 per sq.ft as per the 2024 revision effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of Gandhi Road has changed

The guideline value for Gandhi Road has undergone several revisions over the years. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 700 per sq.ft, which was a slight increase from the previous years. In the 2024 revision, the value increased to Rs 702 per sq.ft, marking a change of +0% from the 2023 figure.

Guideline values in Ponneri_2

In Ponneri_2, there are 75 streets under the Ponneri SRO with a 2024 guideline value ranging from Rs 700 to Rs 1,300 per sq.ft. The median value is Rs 700 per sq.ft, and Gandhi Road's 2024 figure is above this median.

• Golden Avenue: Rs 700 per sq.ft (2024)
• Gtm Garden: Rs 702 per sq.ft (2024)
• Dr.SAMBASIVAM STREET: Rs 700 per sq.ft (2024)
• Hariharan Bazar: Rs 1,200 per sq.ft (2024)
• Hariharan Bazar Street: Rs 1,200 per sq.ft (2024)
• Jayammal Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Gandhi Road

For a 1,000 sq.ft plot at the current guideline value of Rs 702 per sq.ft, the total guideline value amounts to Rs 7,02,000. The stamp duty at 7% would be Rs 49,140, and the registration fee at 2% would be Rs 14,040, resulting in a total of Rs 63,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Gandhi Road?

The Sub Registrar Office that covers Gandhi Road is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Ponneri_2

The guideline value is a crucial factor during property registration in Ponneri_2. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a reference point for both parties. Buyers should be aware that the stamp duty and registration fees are calculated based on this value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Gandhi Road?

The current guideline value of Gandhi Road is Rs 702 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Gandhi Road has been Rs 700 per sq.ft in 2023 and Rs 702 per sq.ft in 2024. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Gandhi Road?

Gandhi Road is classified as Residential Class I Type - I, which indicates its suitability for residential development.

What are the stamp duty and registration fees for property on Gandhi Road?

For a property valued at Rs 7,02,000, the stamp duty would be Rs 49,140 and the registration fee would be Rs 14,040, totaling Rs 63,180. These fees are based on the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office covering Gandhi Road is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO using the provided link.