Guideline Value for Gandhi Nagar (Extention)

Gandhi Nagar (Extention) guideline value

The current guideline value for Gandhi Nagar (Extention) in Acharapakkam village is Rs 400 per sq.ft, effective from 1 July 2024. This area falls under the Acchirapakkam SRO and is classified as Residential Special Type - I.

How the guideline value of Gandhi Nagar (Extention) has changed

The guideline value for Gandhi Nagar (Extention) has undergone several revisions since 2007. In 2007, the guideline value was Rs 200 per sq.ft, which increased to Rs 300 per sq.ft in 2012. This was followed by a significant rise to Rs 201 per sq.ft in 2017, and then it remained steady at Rs 400 per sq.ft in both 2023 and 2024, indicating no change from the previous year.

From 2017 to 2023, there was a remarkable increase of 99%. However, the value decreased by 33% from 2012 to 2017. Overall, from 2007 to 2024, the guideline value has increased by 100%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Acharapakkam

Acharapakkam village has a total of 61 streets under the Acchirapakkam SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 600 per sq.ft. The median value is Rs 400 per sq.ft, which is the same as the current value for Gandhi Nagar (Extention).

• Gandhi Nagar 5th Street Ward 4: Rs 400 per sq.ft (2024)
• Gandhi Nagar 4th Street Ward 4: Rs 400 per sq.ft (2024)
• Gandhi Nagar 3rd Street Ward 4: Rs 400 per sq.ft (2024)
• Gandhi Nagar 2nd Street Ward 4: Rs 400 per sq.ft (2024)
• Gandhi Nagar 1st Street Ward 4: Rs 400 per sq.ft (2024)
• Girls Hostel Near Ward 7: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Gandhi Nagar (Extention)

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Gandhi Nagar (Extention)?

The Sub Registrar Office that covers Gandhi Nagar (Extention) is the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Acharapakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the financial obligations involved in the transaction. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Gandhi Nagar (Extention)?

The current guideline value of Gandhi Nagar (Extention) is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most significant increase occurring from Rs 201 per sq.ft in 2017 to Rs 400 per sq.ft in 2023 and 2024, representing a 99% increase.

What is the land classification for Gandhi Nagar (Extention)?

Gandhi Nagar (Extention) is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Gandhi Nagar (Extention)?

The Acchirapakkam Sub Registrar Office is located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone.

How is stamp duty calculated in Gandhi Nagar (Extention)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000.