Guideline Value for GANDHIPURAM CROSS STREET

Gandhipuram Cross Street guideline value

The current guideline value of Gandhipuram Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Tnagar village under the Thiyagaraya nagar SRO, classified as Residential Class III Type - III.

How the guideline value of Gandhipuram Cross Street has changed

In the 2012 revision, the guideline value was Rs 4,000 per sq.ft. This figure saw a decrease to Rs 2,680 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49% to Rs 4,000 per sq.ft, and then rose again by 10% to the current figure of Rs 4,400 per sq.ft in the 2024 revision.

The register has no figures for the years 2002, 2003, and 2007. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO, with guideline values ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median guideline value in this area is Rs 11,000 per sq.ft, placing Gandhipuram Cross Street's 2024 figure below that median.

• Gandhipuram Iiird Street: Rs 4,400 per sq.ft (2024)
• Gandhi Puram Iind Street: Rs 4,400 per sq.ft (2024)
• Gandhipuram Ist Street: Rs 4,400 per sq.ft (2024)
• Gandhi Street: Rs 9,900 per sq.ft (2024)
• Gangai Amman Koil Street: Rs 4,400 per sq.ft (2024)
• Gankaikaraipuram: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Gandhipuram Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gandhipuram Cross Street?

The Sub Registrar Office covering Gandhipuram Cross Street 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 information.

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

The guideline value is a crucial factor in property transactions, as it determines the stamp duty and registration fees payable at the time of registration. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during the sale process.

When a property is bought or sold, the registration office uses the guideline value to calculate the applicable charges. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration of the property.

Frequently asked questions

What is the current guideline value of Gandhipuram Cross Street?

The current guideline value of Gandhipuram Cross Street 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 from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then increased to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What is the land classification of Gandhipuram Cross Street?

Gandhipuram Cross Street is classified as Residential Class III Type - III.

How does the guideline value compare to other streets in Tnagar?

The guideline value of Rs 4,400 per sq.ft for Gandhipuram Cross Street is below the median guideline value of Rs 11,000 per sq.ft for Tnagar, where values range from Rs 4,400 to Rs 27,500 per sq.ft.

Where can I find the Thiyagaraya nagar Sub Registrar Office?

The Thiyagaraya nagar Sub Registrar Office is located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.