Guideline Value for GANDHI SALAI

Gandhi Salai guideline value

The current guideline value of Gandhi Salai 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 has changed

Over the years, the guideline value for Gandhi Salai has seen several revisions. The 2007 revision set the value at Rs 200 per sq.ft, which increased to Rs 260 per sq.ft in the 2012 revision. However, the 2017 revision saw a significant increase to Rs 174 per sq.ft, followed by a return to Rs 260 per sq.ft in both the 2023 and 2024 revisions. The register has no figures for the years 2002 and 2003 for this street.

From the 2012 revision to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%, and from 2023 to 2024, there was no change. Overall, from 2007 to 2024, the guideline value has increased by 30%.

Guideline values in Ammayarkuppam

Ammayarkuppam has a total of 43 streets under the Ramakrishna Rajupettai SRO carrying a 2024 guideline value ranging from Rs 150 to Rs 260 per sq.ft, with the median being Rs 260 per sq.ft. Gandhi Salai's 2024 figure matches this median.

• Gandhi Salai East Bazzar: 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

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 2,60,000. The stamp duty at 7% would be Rs 18,200, and the registration fee at 2% would be Rs 5,200, bringing the total to Rs 23,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gandhi Salai?

The Sub Registrar Office that covers Gandhi Salai 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 property transactions in Ammayarkuppam. It serves as the minimum value at which properties 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 determine the financial obligations involved in the transaction. Buyers and sellers must be aware of these values to ensure compliance with local regulations during property registration.

Frequently asked questions

What is the current guideline value of Gandhi Salai?

The current guideline value of Gandhi Salai 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 from Rs 200 per sq.ft in 2007 to Rs 260 per sq.ft in 2012, then decreased to Rs 174 per sq.ft in 2017, and returned to Rs 260 per sq.ft in 2023 and 2024.

What is the land classification for Gandhi Salai?

Gandhi Salai is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Gandhi Salai?

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot at Rs 2,60,000, the total fees would be Rs 23,400.

Which office handles the registration for Gandhi Salai?

The Ramakrishna Rajupettai Sub Registrar Office handles the registration for Gandhi Salai, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone.