Guideline Value for GANDHI ST KANNIGAPURAM

Gandhi St Kannigapuram guideline value

The current guideline value of Gandhi St Kannigapuram is Rs 1,625 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village and falls under the Avadi SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Gandhi St Kannigapuram has changed

The guideline value for Gandhi St Kannigapuram has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in 2017. Following this, the value significantly increased to Rs 1,500 per sq.ft in 2023, and the most recent revision in 2024 raised it further to Rs 1,625 per sq.ft, marking an 8% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 35%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO, with guideline values ranging from Rs 801 to Rs 4,730 per sq.ft. The median guideline value for these streets is Rs 1,625 per sq.ft, which is the same as the current value for Gandhi St Kannigapuram.

• Gandhi School St: Rs 950 per sq.ft (2024)
• Gandhi Old Pallikooda St, Govarthanagiri: Rs 1,625 per sq.ft (2024)
• Gandhi Cross St Kannigapuram: Rs 1,625 per sq.ft (2024)
• Ganapathy Koil St: Rs 1,625 per sq.ft (2024)
• Ganapathy Koil Extn: Rs 1,625 per sq.ft (2024)
• Garden St (West): Rs 1,625 per sq.ft (2024)

Stamp duty and registration fee for property in Gandhi St Kannigapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 1,625 per sq.ft, the total guideline value amounts to Rs 16,25,000. The stamp duty at 7% would be Rs 1,13,750, and the registration fee at 2% would be Rs 32,500, making the total cost for these fees Rs 1,46,250. 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 St Kannigapuram?

The Sub Registrar Office that covers Gandhi St Kannigapuram is the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Paruthipattu. It is used to determine the stamp duty and registration fees applicable during the registration process, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value serves as a benchmark for the sale price, and the authorities will charge fees based on this value or the sale price, whichever is higher. This helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Gandhi St Kannigapuram?

The current guideline value of Gandhi St Kannigapuram is Rs 1,625 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 increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,625 per sq.ft in 2024.

What is the land classification for Gandhi St Kannigapuram?

The land classification for Gandhi St Kannigapuram is Residential Special Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 16,25,000, the stamp duty would be Rs 1,13,750, and the registration fee would be Rs 32,500, totaling Rs 1,46,250.

Which office handles registrations for Gandhi St Kannigapuram?

The Avadi Sub Registrar Office handles registrations for Gandhi St Kannigapuram, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.