Guideline Value for Gandhi Nagar - Periyar Street

Gandhi Nagar - Periyar Street guideline value

The current guideline value of Gandhi Nagar - Periyar Street is Rs 4,400 per sq.ft. This street is located in Saligramam village, under the Virugambakkam SRO, and is classified as Residential Class II Type - I.

How the guideline value of Gandhi Nagar - Periyar Street has changed

The guideline value for Gandhi Nagar - Periyar Street has seen significant changes over the years. In the 2002 revision, the value was Rs 475 per sq.ft, which increased to Rs 519 per sq.ft in 2003. Following this, the value saw a substantial rise to Rs 1,350 per sq.ft in 2007, and then jumped to Rs 4,000 per sq.ft in 2012. However, it dropped to Rs 2,680 per sq.ft in 2017 before increasing again to Rs 4,000 per sq.ft in 2023. The latest revision in 2024 set the guideline value at Rs 4,400 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 826%. The register has no figures for the years between 2003 and 2007, and also between 2017 and 2023 for this street.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO, with a 2024 guideline value range from Rs 2,750 to Rs 13,200 per sq.ft. The median value is Rs 4,400 per sq.ft, which is equal to the current guideline value of Gandhi Nagar - Periyar Street.

• Gandhi Nagar - Pillayar Koil Street: Rs 4,400 per sq.ft (2024)
• Gandhi Nagar - Maruthi Street: Rs 4,400 per sq.ft (2024)
• Gandhi Nagar - Rajaji Street: Rs 4,400 per sq.ft (2024)
• Gandhi Nagar - Sathyamoorthy Street: Rs 4,400 per sq.ft (2024)
• Gandhi Nagar - Singaravelar Street: Rs 4,400 per sq.ft (2024)
• Gandhi Nagar - Thiruvalluvar Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Gandhi Nagar - Periyar Street

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

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gandhi Nagar - Periyar Street?

The Sub Registrar Office that covers Gandhi Nagar - Periyar Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Saligramam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the government receives the appropriate revenue from property transactions. It is essential for buyers and sellers to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Gandhi Nagar - Periyar Street?

The current guideline value of Gandhi Nagar - Periyar 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 significantly from Rs 475 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 826% over this period.

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

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Where is the Sub Registrar Office for Gandhi Nagar - Periyar Street located?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for Gandhi Nagar - Periyar Street?

The land classification for Gandhi Nagar - Periyar Street is Residential Class II Type - I.