Guideline Value for Gandhi Nagar 1st Street Ward 4

Gandhi Nagar 1st Street Ward 4 guideline value

The current guideline value for Gandhi Nagar 1st Street Ward 4 is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Acharapakkam village, under the Acchirapakkam SRO, and is classified as Residential Special Type - I.

How the guideline value of Gandhi Nagar 1st Street Ward 4 has changed

Over the years, the guideline value of Gandhi Nagar 1st Street Ward 4 has seen several revisions. The earliest recorded revision is from 2007, where the value was Rs 100 per sq.ft. This increased to Rs 300 per sq.ft in 2012, then decreased by 33% to Rs 201 per sq.ft in 2017. The value remained at Rs 400 per sq.ft in both 2023 and the latest revision in 2024, indicating no change between these two years. The register has no figures for the years 2002 and 2003.

From 2007 to 2024, there has been an overall increase of 300% in the guideline value. The significant jumps occurred between 2007 and 2012 (+200%), and then from 2017 to 2023, which saw a remarkable increase of 99%. The current guideline value of Rs 400 per sq.ft aligns with the previous year's figure, showing stability in the recent revisions.

Guideline values in Acharapakkam

Acharapakkam village features 61 streets under the Acchirapakkam SRO that carry a guideline value for 2024, ranging from Rs 250 to Rs 600 per sq.ft. The median value among these streets is Rs 400 per sq.ft, which is equal to the guideline value of Gandhi Nagar 1st Street Ward 4.

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

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 a rate of 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total cost for these fees to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Gandhi Nagar 1st Street Ward 4?

The Sub Registrar Office covering Gandhi Nagar 1st Street Ward 4 is the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Acharapakkam. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value set by the government.

It is essential for buyers and sellers to be aware of the guideline value as it affects the overall cost of property transactions. This value reflects the minimum price at which properties can be registered, thus providing a framework for fair dealings in real estate.

Frequently asked questions

What is the current guideline value for Gandhi Nagar 1st Street Ward 4?

The current guideline value for Gandhi Nagar 1st Street Ward 4 is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 100 per sq.ft in 2007 to Rs 400 per sq.ft in 2024, reflecting an overall increase of 300% over the years.

What are the other streets with the same guideline value in Acharapakkam?

Other streets in Acharapakkam with the same guideline value of Rs 400 per sq.ft include Gandhi Nagar 2nd Street, 3rd Street, 4th Street, 5th Street, Gandhi Nagar (Extension), and Girls Hostel Near Ward 7.

Where can I find the Acchirapakkam Sub Registrar Office?

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

How is stamp duty calculated based on the guideline value?

Stamp duty is calculated based on 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 at a rate of 7%.