Guideline Value

Corporate

Guideline Value for GANDHI ST

₹990/sq.ft.

The guideline value for Gandhi St in Paleripattu village (Avadi SRO, Chennai zone) is Rs 990 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paleripattu

Village

Avadi

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹990 /sq.ft.
From 1-4-2023 ₹900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹603 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹900 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Gandhi St

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Gandhi St guideline value

The current guideline value of Gandhi St in Paleripattu village, under the Avadi SRO, is Rs 990 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Gandhi St has changed

The guideline value of Gandhi St has seen several revisions over the years. The 2012 revision recorded a value of Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 900 per sq.ft in 2023, and then to Rs 990 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decline of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%, reaching the current figure of Rs 990 per sq.ft.

Guideline values in Paleripattu

In Paleripattu, there are 111 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 4,200 per sq.ft, with the median being Rs 990 per sq.ft. The guideline value of Gandhi St aligns with this median.

Stamp duty and registration fee for property in Gandhi St

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total cost for these fees to Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can calculate these fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gandhi St?

The Sub Registrar Office that covers Gandhi St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor when buying or selling property in Paleripattu, as it determines the minimum price at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are essential costs in the property transaction process.

When selling a property, the guideline value ensures that the transaction is recorded at a fair price, reflecting the current market conditions. Buyers should be aware of the guideline value to ensure they are making informed decisions during their property transactions.

Frequently asked questions

What is the current guideline value of Gandhi St?

The current guideline value of Gandhi St is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase being from Rs 900 per sq.ft in 2023 to Rs 990 per sq.ft in 2024. The value also saw a decrease from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017.

What is the land classification for Gandhi St?

Gandhi St falls under the Residential Class II Type - I land classification, which is important for understanding the zoning regulations for property in this area.

Where can I find the Sub Registrar Office for Gandhi St?

The Sub Registrar Office for Gandhi St 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 are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at the guideline value of Rs 9,90,000, the total fees would include a stamp duty of Rs 69,300 and a registration fee of Rs 19,800.