Guideline Value for GANDHINAGAR LOURDUPURAM

Gandhinagar Lourdupuram guideline value

The current guideline value of Gandhinagar Lourdupuram is Rs 555 per sq.ft, effective from 1 July 2024. This area is located in Mathuranthagam village and falls under the Madurandakam SRO, classified as Residential Class I Type - I.

How the guideline value of Gandhinagar Lourdupuram has changed

The guideline value for Gandhinagar Lourdupuram has undergone several revisions over the years. The earliest recorded value is from 2007, set at Rs 80 per sq.ft. It increased significantly to Rs 500 per sq.ft in 2012, before dropping to Rs 335 per sq.ft in 2017. The 2023 revision saw a rise to Rs 500 per sq.ft, and the most recent revision in 2024 has set it at Rs 555 per sq.ft. There are no figures available for the years 2002 and 2003 for this street.

In terms of percentage changes, the guideline value increased by 525% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then rose by 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects an increase of 11%. Overall, from 2007 to 2024, the guideline value has increased by 594%.

Guideline values in Mathuranthagam

In Mathuranthagam, there are 109 streets under the Madurandakam SRO with a 2024 guideline value ranging from Rs 440 to Rs 1,480 per sq.ft. The median guideline value for the village is Rs 1,100 per sq.ft, positioning Gandhinagar Lourdupuram's 2024 figure below this median.

• Gandhinagar Gangaiamman Koil Street: Rs 660 per sq.ft (2024)
• Gandhinagar Periya Colony: Rs 660 per sq.ft (2024)
• Gain Nagar: Rs 1,110 per sq.ft (2024)
• Gokulam Nagar: Rs 555 per sq.ft (2024)
• Erikkarai Street: Rs 555 per sq.ft (2024)
• Gst Road Bazaar Street: Rs 1,110 per sq.ft (2024)

Stamp duty and registration fee for property in Gandhinagar Lourdupuram

For a 1,000 sq.ft plot at the current guideline value of Rs 555 per sq.ft, the total guideline value amounts to Rs 5,55,000. The stamp duty at 7% would be Rs 38,850, and the registration fee at 2% would be Rs 11,100, bringing the total fees to Rs 49,950. Please 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 Gandhinagar Lourdupuram?

The Sub Registrar Office that covers Gandhinagar Lourdupuram is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Mathuranthagam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. This transparency aids in fair transactions and ensures compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Gandhinagar Lourdupuram?

The current guideline value of Gandhinagar Lourdupuram is Rs 555 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 80 per sq.ft in 2007 to Rs 555 per sq.ft in 2024, reflecting an overall increase of 594% over the years.

What is the stamp duty rate for properties in Gandhinagar Lourdupuram?

The stamp duty for properties in Gandhinagar Lourdupuram is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.

Where can I find the Madurandakam Sub Registrar Office?

The Madurandakam Sub Registrar Office is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

What are the other streets in Mathuranthagam and their guideline values?

Other streets in Mathuranthagam include Gandhinagar Gangaiamman Koil Street and Gandhinagar Periya Colony, both at Rs 660 per sq.ft, among others. The guideline values for these streets vary, with the highest being Rs 1,110 per sq.ft for Gain Nagar and Gst Road Bazaar Street.