Guideline Value for GANDHIJI 4TH STREET

Gandhiji 4th Street guideline value

The current guideline value of Gandhiji 4th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class IV Type - I.

How the guideline value of Gandhiji 4th Street has changed

The guideline value for Gandhiji 4th Street has undergone several revisions over the years. In 2003, the value was Rs 420 per sq.ft, which increased to Rs 550 per sq.ft in 2007. This marked a significant rise of 31%. The value then surged to Rs 2,000 per sq.ft in 2012, reflecting a remarkable increase of 264%. However, in 2017, the value dropped to Rs 1,340 per sq.ft, a decrease of 33%. The 2023 revision saw the value rise to Rs 2,000 per sq.ft, followed by a further increase to Rs 2,200 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 424%. It is important to note that there is no figure available for the year 2002 in the register for this street.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO carrying a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value for Gandhiji 4th Street is below this median.

• Gandhiji 1st Street: Rs 2,200 per sq.ft (2024)
• Gandhiji 2nd Street: Rs 2,200 per sq.ft (2024)
• Gandhiji 3rd Street: Rs 2,200 per sq.ft (2024)
• Gandhiji 4th Street: Rs 2,200 per sq.ft (2024)
• Gandhiji 5th Street: Rs 2,200 per sq.ft (2024)
• Gandhiji 6th Street: Rs 2,200 per sq.ft (2024)
• Gandhiji 7th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Gandhiji 4th Street

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. 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 details.

Which Sub Registrar Office covers Gandhiji 4th Street?

The Sub Registrar Office that covers Gandhiji 4th Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property transaction.

When a property is registered, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Gandhiji 4th Street?

The current guideline value of Gandhiji 4th Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 420 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 424% over the years.

What are the stamp duty and registration fees for property in Gandhiji 4th Street?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would be Rs 1,98,000 based on the current guideline value.

Which office handles property registration for Gandhiji 4th Street?

The Purasaivakkam Sub Registrar Office handles property registration for Gandhiji 4th Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

Where can I find more information about guideline values in Perambur?

You can find detailed information about guideline values in Perambur by visiting the respective links for each street or consulting the guideline value register.