Guideline Value for GANDHI STREET

Gandhi Street guideline value

The current guideline value of Gandhi Street, located in Navaloor village, under the Thiruporur SRO, is Rs 1,650 per sq.ft as per the 2023 revision. The land classification for this area is Residential Class I Type - I.

How the guideline value of Gandhi Street has changed

The guideline value for Gandhi Street has seen several revisions over the years. Starting from the 2007 revision, the guideline value was Rs 550 per sq.ft. This figure significantly increased to Rs 1,650 per sq.ft in the 2012 revision, marking a substantial rise of 200%. However, in the 2017 revision, the value decreased to Rs 1,105 per sq.ft, which represented a decline of 33%. The most recent revision in 2023 saw the guideline value return to Rs 1,650 per sq.ft, reflecting an increase of 49% from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 200%. It is important to note that there are no figures available for the years 2002, 2003, and 2024 in the register for this street.

Guideline values in Navaloor

Currently, there are no specific guideline values provided for other streets in Navaloor under the Thiruporur SRO. Therefore, the focus remains solely on the guideline value of Gandhi Street, which is Rs 1,650 per sq.ft as of the 2023 revision.

Stamp duty and registration fee for property in Gandhi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty is charged at 7%, amounting to Rs 1,15,500, and the registration fee is charged at 2%, which totals Rs 33,000. Together, the total cost for stamp duty and registration fee would be Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Gandhi Street?

The Sub Registrar Office that covers Gandhi Street is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. For further information, you can find your SRO.

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

The guideline value is a critical factor in property transactions in Navaloor. It serves as the basis for calculating stamp duty and registration fees when buying or selling property. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during the registration process.

When a property is registered, the guideline value is used to determine the applicable charges. This ensures that the transaction is recorded accurately and reflects the official value of the property as per government regulations.

Frequently asked questions

What is the current guideline value of Gandhi Street?

The current guideline value of Gandhi Street is Rs 1,650 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2012, then decreased to Rs 1,105 per sq.ft in 2017, and returned to Rs 1,650 per sq.ft in 2023.

What is the stamp duty rate for property in Gandhi Street?

The stamp duty rate for property transactions in Gandhi Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

Are there other streets in Navaloor with guideline values?

Currently, there are no other streets in Navaloor with guideline values provided. The focus remains on Gandhi Street, which has a guideline value of Rs 1,650 per sq.ft.