Guideline Value for Gandhi Nagar 2nd Cross Street

Gandhi Nagar 2nd Cross Street guideline value

The current guideline value of Gandhi Nagar 2nd Cross Street is Rs 1,002 per sq.ft, effective from 1 July 2024. This street is located in Ariyalur village and falls under the Redhills SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Gandhi Nagar 2nd Cross Street has changed

The guideline value register shows no figures for Gandhi Nagar 2nd Cross Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 1,002 per sq.ft.

Since there are no previous figures for this street, there are no changes to report between revisions. The current value reflects the median guideline value for similar streets in the area.

Guideline values in Ariyalur

In Ariyalur, there are 24 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 1,002 to Rs 1,008 per sq.ft, with a median value of Rs 1,002 per sq.ft. Gandhi Nagar 2nd Cross Street's 2024 figure is equal to this median.

• Gandhi Nagar 1st 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 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,002 per sq.ft, the total 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. Together, the total cost would be Rs 90,180. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Gandhi Nagar 2nd Cross Street?

The Sub Registrar Office that covers Gandhi Nagar 2nd 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 in the registration process when buying or selling property in Ariyalur. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the stamp duty. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Gandhi Nagar 2nd Cross Street?

The current guideline value of Gandhi Nagar 2nd Cross Street is Rs 1,002 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There are no figures available for Gandhi Nagar 2nd Cross Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only figure present is from the 2024 revision.

What is the land classification for Gandhi Nagar 2nd Cross Street?

The land classification for Gandhi Nagar 2nd Cross Street is Residential Class I Type - I. This classification indicates the type of development permissible in the area.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Gandhi Nagar 2nd Cross Street is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for properties in Gandhi Nagar 2nd Cross Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at Rs 1,002 per sq.ft would incur a total guideline value of Rs 10,02,000, leading to specific stamp duty and registration fees.