Guideline Value for GANDHI ST,KAKKANJI NAGAR

Gandhi St,Kakkanji Nagar guideline value

The current guideline value of Gandhi St, Kakkanji Nagar is Rs 988 per sq.ft, effective from 1 July 2024. This street is located in Thandurai village and falls under the Avadi SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Gandhi St,Kakkanji Nagar has changed

The guideline value for Gandhi St, Kakkanji Nagar has seen several revisions over the years. In 2012, the value was Rs 900 per sq.ft, which decreased to Rs 603 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 900 per sq.ft in 2023. The most recent revision in 2024 shows an increase of 10%, setting the current value at Rs 988 per sq.ft.

There are no recorded figures for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,640 per sq.ft. The median value is Rs 988 per sq.ft, which matches the 2024 figure for Gandhi St, Kakkanji Nagar.

• Gandhi St (M.T.H.Road Southern Side): Rs 988 per sq.ft (2024)
• Gangaiamman Koil Street: Rs 1,300 per sq.ft (2024)
• Gangammal Koil St: Rs 988 per sq.ft (2024)
• F.C.I.Road: Rs 988 per sq.ft (2024)
• Farmers St: Rs 800 per sq.ft (2024)
• E.V.R.St (M.T.H.Road Northern Side): Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in Gandhi St,Kakkanji Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value would be Rs 9,88,000. The stamp duty at 7% would be Rs 69,160, and the registration fee at 2% would be Rs 19,760, bringing the total cost for these fees to Rs 88,920. It is important to note that the 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 St,Kakkanji Nagar?

The Sub Registrar Office that covers Gandhi St, Kakkanji Nagar is the Avadi Sub Registrar Office, located at 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 Thandurai

The guideline value plays a crucial role in the registration process of property transactions in Thandurai. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Gandhi St, Kakkanji Nagar?

The current guideline value for Gandhi St, Kakkanji Nagar is Rs 988 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 988 per sq.ft in 2024.

What is the land classification for Gandhi St, Kakkanji Nagar?

The land classification for Gandhi St, Kakkanji Nagar is Residential Class II Type - I.

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

The Sub Registrar Office for Gandhi St, Kakkanji Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Thandurai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. This ensures that the correct fees are applied during the registration process.