Guideline Value for Gandhi Nagar 1st Cross Street

Gandhi Nagar 1st Cross Street guideline value

The current guideline value of Gandhi Nagar 1st Cross Street is Rs 1,002 per sq.ft, effective from 1 July 2024. This street is located in Ariyalur village under the Redhills SRO, classified as Residential Class I Type - I.

How the guideline value of Gandhi Nagar 1st Cross Street has changed

The guideline value register has no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023 for Gandhi Nagar 1st Cross Street. The most recent revision is from 2024, which sets the guideline value at Rs 1,002 per sq.ft.

There have been no changes between the revisions above. The 2024 revision is the only figure available for this street, reflecting the current guideline value.

Guideline values in Ariyalur

In Ariyalur, there are 24 streets under the Redhills SRO that have a 2024 guideline value ranging from Rs 1,002 to Rs 1,008 per sq.ft. The median value is Rs 1,002 per sq.ft, which is the same as the guideline value for Gandhi Nagar 1st Cross Street.

• Gandhi Nagar 2nd Cross Street: Rs 1,002 per sq.ft (2024)
• Iswariya Nagar (Indian Bank Staff Colony): Rs 1,004 per sq.ft (2024)
• Bhakiyalakshmi Nagar: Rs 1,004 per sq.ft (2024)
• Ariyalur Colony: Rs 1,008 per sq.ft (2024)
• Appiyamman Nagar: Rs 1,002 per sq.ft (2024)
• Annai Nagar: Rs 1,002 per sq.ft (2024)

Stamp duty and registration fee for property in Gandhi Nagar 1st Cross Street

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 10,02,000. The stamp duty at 7% would amount to Rs 70,140, and the registration fee at 2% would be Rs 20,040, totaling Rs 90,180. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gandhi Nagar 1st Cross Street?

The Sub Registrar Office that covers Gandhi Nagar 1st Cross Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Ariyalur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process.

When buying or selling property, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. Buyers and sellers should be aware of the current guideline values to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Gandhi Nagar 1st Cross Street?

The current guideline value of Gandhi Nagar 1st Cross Street is Rs 1,002 per sq.ft, effective from 1 July 2024.

How often does the guideline value get revised?

The guideline value is revised periodically, with the last revision for Gandhi Nagar 1st Cross Street occurring in 2024. Previous revisions for this street have no figures recorded for the years 2002, 2003, 2007, 2012, 2017, and 2023.

What is the registration fee for property in Gandhi Nagar 1st Cross Street?

The registration fee for property in Gandhi Nagar 1st Cross Street is calculated based on the guideline value. For instance, a plot valued at Rs 10,02,000 would incur a registration fee of Rs 20,040 at 2%.

Where can I find the Sub Registrar Office for Gandhi Nagar 1st Cross Street?

The Sub Registrar Office that covers Gandhi Nagar 1st Cross Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the stamp duty and registration fees applicable during property transactions. It acts as a benchmark for the legal recording of property sales, ensuring compliance with taxation regulations.