Guideline Value for GANDHI SALAI EAST BAZZAR

Gandhi Salai East Bazzar guideline value

The current guideline value of Gandhi Salai East Bazzar is Rs 260 per sq.ft, effective from 1 July 2024. This street is located in Ammayarkuppam village and falls under the Ramakrishna Rajupettai SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Gandhi Salai East Bazzar has changed

The guideline value for Gandhi Salai East Bazzar has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased to Rs 260 per sq.ft in 2012. However, it then decreased to Rs 174 per sq.ft in 2017 before rising again to Rs 260 per sq.ft in both 2023 and the latest revision in 2024. Notably, the register has no figure for this street in 2002 and 2003.

From 2017 to 2023, there was a significant increase of 49%, while from 2012 to 2017, the value decreased by 33%. The overall change from 2007 to 2024 reflects a 30% increase, with no change from 2023 to 2024.

Guideline values in Ammayarkuppam

Ammayarkuppam has a total of 43 streets under the Ramakrishna Rajupettai SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 260 per sq.ft. The median guideline value in this area is Rs 260 per sq.ft, which is equal to the current value for Gandhi Salai East Bazzar.

• Gandhi Salai: Rs 260 per sq.ft (2024)
• Gandapuram Selum ST: Rs 260 per sq.ft (2024)
• G.S.D. Nagar: Rs 241 per sq.ft (2024)
• Kamarajar Harijana Colony: Rs 150 per sq.ft (2024)
• Kamarajar St: Rs 260 per sq.ft (2024)
• Kamatchiamman Koil st: Rs 260 per sq.ft (2024)

Stamp duty and registration fee for property in Gandhi Salai East Bazzar

For a 1,000 sq.ft plot at the current guideline value of Rs 260 per sq.ft, the total guideline value would be Rs 2,60,000. The stamp duty, charged at 7%, would amount to Rs 18,200, and the registration fee at 2% would be Rs 5,200, bringing the total cost for these fees to Rs 23,400. It is important to note that 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 Salai East Bazzar?

The Sub Registrar Office that covers Gandhi Salai East Bazzar is the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Ammayarkuppam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in this area.

When a property is registered, the guideline value is assessed to ensure that the fees are calculated accurately. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Gandhi Salai East Bazzar?

The current guideline value of Gandhi Salai East Bazzar is Rs 260 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, with the most recent revisions being Rs 260 per sq.ft in both 2023 and 2024. The value was Rs 174 per sq.ft in 2017 and Rs 260 per sq.ft in 2012, showing fluctuations over the years.

What is the land classification for Gandhi Salai East Bazzar?

The land classification for Gandhi Salai East Bazzar is Residential Class I Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Gandhi Salai East Bazzar is the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,60,000, the stamp duty would be Rs 18,200 at 7%.