Guideline Value for GANDHIPURAM 3 STREET WEST TO EAST

Gandhipuram 3 Street West To East guideline value

The current guideline value for Gandhipuram 3 Street West To East is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Mambalam village and falls under the Thiyagaraya nagar SRO. The land classification for this area is Residential Class III Type - III.

How the guideline value of Gandhipuram 3 Street West To East has changed

The guideline value for Gandhipuram 3 Street West To East has seen significant changes over the years. In 2002, the guideline value was Rs 491 per sq.ft, which increased to Rs 545 per sq.ft in 2003, marking an increase of approximately 11%. The value then rose to Rs 1,000 per sq.ft in 2007, reflecting a substantial increase of 83%. Following this, the value surged to Rs 4,000 per sq.ft in 2012, a remarkable increase of 300%. However, the value decreased to Rs 2,680 per sq.ft in 2017, showing a decline of 33%. The guideline value then increased to Rs 4,000 per sq.ft in 2023, and most recently, it has risen to Rs 4,400 per sq.ft in 2024, which is a 10% increase.

There are no figures available for the revisions in the years not listed. Overall, from 2002 to 2024, the guideline value has increased by 796%.

Guideline values in Mambalam

Mambalam village has a total of 163 streets under the Thiyagaraya nagar SRO, with the 2024 guideline values ranging from Rs 4,400 to Rs 22,000 per sq.ft. The median guideline value in this area is Rs 6,600 per sq.ft, placing the 2024 figure for Gandhipuram 3 Street West To East below this median.

• Gandhipuram 3rd Cross Street: Rs 4,400 per sq.ft (2024)
• Gandhipuram 2 Cross Street: Rs 4,400 per sq.ft (2024)
• Gandhipuram 1 Cross Street: Rs 4,400 per sq.ft (2024)
• Gandhi Street: Rs 7,700 per sq.ft (2024)
• Gandhi Street 2 Lane: Rs 4,400 per sq.ft (2024)
• Gandhi Street Western Side Easwaran Koil Street East To West: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Gandhipuram 3 Street West To East

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty charged at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Gandhipuram 3 Street West To East?

The Sub Registrar Office that covers Gandhipuram 3 Street West To East is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Mambalam. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction.

At the time of registration, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions. This ensures that all transactions are conducted transparently and in accordance with the law.

Frequently asked questions

What is the current guideline value of Gandhipuram 3 Street West To East?

The current guideline value of Gandhipuram 3 Street West To East is Rs 4,400 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 491 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 796%.

What is the land classification for Gandhipuram 3 Street West To East?

The land classification for Gandhipuram 3 Street West To East is Residential Class III Type - III.

Which office handles registrations for this street?

The Thiyagaraya nagar Sub Registrar Office handles registrations for Gandhipuram 3 Street West To East, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35.

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 Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000.