Guideline Value for Gajendiran Street

Gajendiran Street guideline value

The current guideline value of Gajendiran Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Periyapanancheri village under the Pammal SRO, classified as Residential Class II Type - I.

How the guideline value of Gajendiran Street has changed

The guideline value for Gajendiran Street has undergone several revisions over the years. The earliest recorded revision was in 2017, with a guideline value of Rs 804 per sq.ft. This increased to Rs 1,200 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no recorded figures for Gajendiran Street in the revisions from 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Periyapanancheri

In Periyapanancheri, there are 33 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 990 to Rs 4,925 per sq.ft. The median value among these streets is Rs 1,320 per sq.ft, which is the same as the guideline value for Gajendiran Street.

• Gandhi Street: Rs 2,200 per sq.ft (2024)
• Golden Avenue: Rs 1,320 per sq.ft (2024)
• Gopal Street: Rs 1,650 per sq.ft (2024)
• Govindaraj Street: Rs 990 per sq.ft (2024)
• Govinthammal Street: Rs 990 per sq.ft (2024)
• G.T.Krishnan Avenue Annexe: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Gajendiran Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, making the total cost for these fees Rs 1,18,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Gajendiran Street?

The Sub Registrar Office that covers Gajendiran Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Periyapanancheri. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as per the government regulations.

Frequently asked questions

What is the current guideline value of Gajendiran Street?

The current guideline value of Gajendiran Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 804 per sq.ft to Rs 1,320 per sq.ft in 2024, marking an overall increase of 64%.

What are the stamp duty and registration fees for properties in Gajendiran Street?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,18,800.

Which office handles property registrations for Gajendiran Street?

The Pammal Sub Registrar Office handles property registrations for Gajendiran Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification of Gajendiran Street?

Gajendiran Street is classified as Residential Class II Type - I, which is important for understanding the permissible uses of the property.