Guideline Value for GANDHI STREET WESTERN SIDE EASWARAN KOIL STREET EAST TO WEST

Gandhi Street Western Side Easwaran Koil Street East To West guideline value

The current guideline value for Gandhi Street Western Side Easwaran Koil Street East To West is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Mambalam village and falls under the Thiyagaraya nagar SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Gandhi Street Western Side Easwaran Koil Street East To West has changed

The guideline value for this street has seen significant changes over the years. In 2002, the value was Rs 703 per sq.ft, which increased to Rs 780 per sq.ft in 2003, marking an 11% rise. By 2007, the value jumped to Rs 1,000 per sq.ft, a 28% increase. The next revision in 2012 saw a decrease to Rs 6,000 per sq.ft, a drop of 33%. However, in 2017, the value rose sharply to Rs 4,020 per sq.ft, reflecting a 49% increase. The guideline value remained at Rs 6,000 per sq.ft in 2023, before reaching the current figure of Rs 6,600 per sq.ft in 2024, which is a 10% increase from the previous year.

There are no figures available for the revisions prior to 2002 or for the years not listed in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 839%.

Guideline values in Mambalam

In Mambalam, there are 163 streets under the Thiyagaraya nagar SRO that carry a 2024 guideline value, ranging from Rs 4,400 to Rs 22,000 per sq.ft. The median value is Rs 6,600 per sq.ft, which is the same as the current guideline value for Gandhi Street Western Side Easwaran Koil Street East To West.

• Gandhi Street 2 Lane: Rs 4,400 per sq.ft (2024)
• Gandhi Street: Rs 7,700 per sq.ft (2024)
• Gandhipuram 3 Street West To East: Rs 4,400 per sq.ft (2024)
• Gandhipuram 3rd Cross Street: Rs 4,400 per sq.ft (2024)
• Gandhipuram 2 Cross Street: Rs 4,400 per sq.ft (2024)
• Gandhipuram 1 Cross Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Gandhi Street Western Side Easwaran Koil Street East To West

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000. Together, these fees would total Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gandhi Street Western Side Easwaran Koil Street East To West?

The Sub Registrar Office that covers Gandhi Street Western Side Easwaran Koil Street East To West is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Mambalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately for taxation and legal purposes.

When buying or selling property, the guideline value influences the stamp duty and registration fees payable. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher, thus affecting the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for Gandhi Street Western Side Easwaran Koil Street East To West?

The current guideline value for Gandhi Street Western Side Easwaran Koil Street East To West is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has increased significantly, from Rs 703 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, marking an overall increase of 839%.

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

For a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000 and the registration fee would be Rs 1,32,000, totaling Rs 5,94,000.

Which Sub Registrar Office should I visit for transactions in this area?

The Thiyagaraya nagar Sub Registrar Office covers transactions for Gandhi Street Western Side Easwaran Koil Street East To West, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.

What is the land classification for Gandhi Street Western Side Easwaran Koil Street East To West?

The land classification for this street is Residential Class II Type - I, indicating its suitability for residential development.