Guideline Value for Gandhi Co-operative Housing Society

Gandhi Co-operative Housing Society guideline value

The current guideline value of Gandhi Co-operative Housing Society is Rs 2,000 per sq.ft. This property is located in Kilambakkam village, under the Gooduvancheri SRO, and falls under the land classification of Mixed Special Type - I.

How the guideline value of Gandhi Co-operative Housing Society has changed

The guideline value has undergone several revisions over the years. In the 2012 revision, the guideline value was set at Rs 2,000 per sq.ft. However, in the 2017 revision, it decreased to Rs 1,340 per sq.ft, marking a decline of 33%. The most recent revision in 2023 saw a significant increase to Rs 2,000 per sq.ft, which represents a rise of 49% from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, there has been no change in the guideline value, remaining at Rs 2,000 per sq.ft. It is important to note that the register has no figures for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Kilambakkam

Currently, there are no specific village figures available for Kilambakkam. The Gandhi Co-operative Housing Society is one of the properties listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Gandhi Co-operative Housing Society

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value would be Rs 20,00,000. The stamp duty at 7% would amount to Rs 1,40,000, while the registration fee at 2% would be Rs 40,000, bringing the total to Rs 1,80,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Gandhi Co-operative Housing Society?

The Gandhi Co-operative Housing Society is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Kilambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a buyer or seller engages in a transaction, the guideline value is assessed to ensure that the appropriate fees are calculated based on either the guideline value or the sale price, whichever is higher. This ensures compliance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Gandhi Co-operative Housing Society?

The current guideline value of Gandhi Co-operative Housing Society is Rs 2,000 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has remained the same at Rs 2,000 per sq.ft in 2023, despite a decrease to Rs 1,340 per sq.ft in 2017.

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

The stamp duty is charged at 7% and the registration fee at 2% based on the guideline value or sale price, whichever is higher. For a property valued at Rs 20,00,000, the total fees would amount to Rs 1,80,000.

Which Sub Registrar Office covers Gandhi Co-operative Housing Society?

The Gooduvancheri Sub Registrar Office covers Gandhi Co-operative Housing Society, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Are there any other streets in Kilambakkam with published guideline values?

Currently, there are no other streets in Kilambakkam listed with published guideline values under the Gooduvancheri SRO.