Guideline Value for GANDHINAGAR PERIYA COLONY

Gandhinagar Periya Colony guideline value

The current guideline value of Gandhinagar Periya Colony is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Mathuranthagam village, under the Madurandakam SRO, and is classified as Residential Special Type - III.

How the guideline value of Gandhinagar Periya Colony has changed

The guideline value for Gandhinagar Periya Colony has seen significant changes over the years. In 2007, the value was Rs 80 per sq.ft, which increased dramatically to Rs 600 per sq.ft in 2012, marking a rise of 650%. However, between 2012 and 2017, the value decreased to Rs 402 per sq.ft, reflecting a drop of 33%. The value then rose again to Rs 600 per sq.ft in 2023, which was a 49% increase from the previous revision.

As of the 2024 revision, the guideline value stands at Rs 660 per sq.ft, representing a 10% increase from the 2023 figure. Overall, from 2007 to 2024, the guideline value has increased by 725%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Mathuranthagam

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

• Gandhinagar Lourdupuram: Rs 555 per sq.ft (2024)
• Gandhinagar Gangaiamman Koil Street: 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 Periya Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. 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 information.

Which Sub Registrar Office covers Gandhinagar Periya Colony?

The Sub Registrar Office that covers Gandhinagar Periya Colony 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 details.

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

The guideline value is a crucial factor in the registration process for property transactions in Mathuranthagam. It serves as a benchmark for determining the stamp duty and registration fees applicable when a property is bought or sold.

Frequently asked questions

What is the current guideline value of Gandhinagar Periya Colony?

The current guideline value of Gandhinagar Periya Colony is Rs 660 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 660 per sq.ft in 2024, showing an overall increase of 725% over the years.

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

For a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200, and the registration fee would be Rs 13,200, totaling Rs 59,400.

Where can I find the Sub Registrar Office for Gandhinagar Periya Colony?

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

What is the land classification for Gandhinagar Periya Colony?

Gandhinagar Periya Colony is classified as Residential Special Type - III according to the registration guidelines.