Guideline Value for Gandhi Nagar 1st Main Road (Koyyathoppu)

Gandhi Nagar 1st Main Road (Koyyathoppu) guideline value

The current guideline value of Gandhi Nagar 1st Main Road (Koyyathoppu) is Rs 2,700 per sq.ft, effective from 1 July 2024. This road is located in Kodungaiyur village under the Madhavaram SRO and is classified as Residential Class I Type - I.

How the guideline value of Gandhi Nagar 1st Main Road (Koyyathoppu) has changed

In the 2017 revision, the guideline value for this street was Rs 1,675 per sq.ft. The recent 2024 revision has increased this value to Rs 2,700 per sq.ft, marking a significant change of +61%. The register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

Thus, the only recorded revisions are from 2017 to 2024, with the earlier years lacking specific figures. The increase from Rs 1,675 to Rs 2,700 reflects the current guideline value per sq.ft for this location.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft, with a median of Rs 2,700 per sq.ft. The guideline value for Gandhi Nagar 1st Main Road (Koyyathoppu) is equal to this median.

• Gandhi Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• Gandhi Nagar 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Gandhi Nagar 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Gandhi Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Gandhi Nagar 3rd Cross Street: Rs 2,200 per sq.ft (2024)
• Gandhi Nagar 3rd Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Gandhi Nagar 1st Main Road (Koyyathoppu)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, while the registration fee at 2% would be Rs 54,000, bringing the total fees to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Gandhi Nagar 1st Main Road (Koyyathoppu)?

The Sub Registrar Office that covers Gandhi Nagar 1st Main Road (Koyyathoppu) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value is a critical reference point for property transactions in Kodungaiyur. It serves as the basis for calculating stamp duty and registration fees during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is registered, the guideline value helps determine the official value of the property for tax purposes. This ensures that the appropriate fees are paid and provides a transparent framework for property transactions.

Frequently asked questions

What is the current guideline value of Gandhi Nagar 1st Main Road (Koyyathoppu)?

The current guideline value of Gandhi Nagar 1st Main Road (Koyyathoppu) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,675 per sq.ft to Rs 2,700 per sq.ft, which is a change of +61%.

Are there any years without guideline values for this street?

Yes, the register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for Gandhi Nagar 1st Main Road (Koyyathoppu).

What is the classification of land for Gandhi Nagar 1st Main Road (Koyyathoppu)?

The land classification for Gandhi Nagar 1st Main Road (Koyyathoppu) is Residential Class I Type - I.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles registrations for properties in the area.