Guideline Value for Gandhi Nagar 3rd Cross Street

Gandhi Nagar 3rd Cross Street guideline value

The current guideline value of Gandhi Nagar 3rd Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village and falls under the Madhavaram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Gandhi Nagar 3rd Cross Street has changed

The guideline value for Gandhi Nagar 3rd Cross Street has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft, a significant increase from the 2017 revision, which was Rs 1,340 per sq.ft. This represents a change of +64% from 2017 to 2024. The register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

In summary, the guideline value has seen a notable increase from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024. The lack of figures in the previous years indicates that the value has been reassessed to reflect current market conditions.

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 value of Rs 2,700 per sq.ft. Gandhi Nagar 3rd Cross Street's 2024 guideline value is below this median.

• Gandhi Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Gandhi Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Gandhi Nagar 4th Cross Street: Rs 2,200 per sq.ft (2024)
• Gandhi Nagar 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Gandhi Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Gandhi Nagar 5th Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Gandhi Nagar 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Together, the total fees would be Rs 1,98,000. 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 details.

Which Sub Registrar Office covers Gandhi Nagar 3rd Cross Street?

The Sub Registrar Office that covers Gandhi Nagar 3rd Cross Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is an important factor in the registration process when buying or selling property in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction adheres to the regulations set by the Registration Department. This helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Gandhi Nagar 3rd Cross Street?

The current guideline value of Gandhi Nagar 3rd Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, representing a change of +64%.

Are there any revisions without figures for Gandhi Nagar 3rd Cross Street?

Yes, the register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for Gandhi Nagar 3rd Cross Street.

What are the guideline values of other streets in Kodungaiyur?

Other streets in Kodungaiyur have varying guideline values, with some streets like Gandhi Nagar 2nd Street and Gandhi Nagar 3rd Street both valued at Rs 2,700 per sq.ft in 2024, while Gandhi Nagar 4th Cross Street and Gandhi Nagar 2nd Cross Street are at Rs 2,200 per sq.ft.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles registrations for properties in the area, including Gandhi Nagar 3rd Cross Street.