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 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kilkattalai village under the Pallavaram SRO and is classified as Mixed Type - II land.

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 earliest recorded figure is from 2003, where the value was Rs 223 per sq.ft. This figure saw a significant increase in 2007 to Rs 700 per sq.ft, marking a rise of 214%. In 2012, the value increased to Rs 3,000 per sq.ft, representing a 329% increase from the previous revision. However, in 2017, the value decreased to Rs 2,010 per sq.ft, a decline of 33%. The 2023 revision brought the value back up to Rs 3,000 per sq.ft, and the latest revision in 2024 has set the value at Rs 3,300 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there is no recorded guideline value for Gandhi Nagar 3rd Cross Street for the year 2002. Overall, from 2003 to 2024, the guideline value has increased by 1380%.

Guideline values in Kilkattalai

In Kilkattalai village, there are 194 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,530 per sq.ft, indicating that Gandhi Nagar 3rd Cross Street's 2024 figure is above this median.

• Gandhi Nagar 2nd Cross Street: Rs 3,300 per sq.ft (2024)
• Gandhi Nagar 1 To 3 Streets: Rs 3,300 per sq.ft (2024)
• Gandhi Nagar 1 To 3 Main Road: Rs 3,300 per sq.ft (2024)
• Gandhi Nagar 1st Cross Street: Rs 3,300 per sq.ft (2024)
• Gandhi Nagar: Rs 3,300 per sq.ft (2024)
• Gandhi Nagar Main Road: Rs 4,125 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 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost to Rs 2,97,000. 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 3rd Cross Street?

The Sub Registrar Office that covers Gandhi Nagar 3rd Cross Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an important factor when registering property transactions in Kilkattalai. It serves as a baseline for determining the stamp duty and registration fees that need to be paid during the transaction process.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate fees are collected. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the registration process.

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 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 223 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, with various increases and one decrease in between.

What are the registration fees for property in Gandhi Nagar 3rd Cross Street?

The registration fees include a stamp duty of 7% and a registration fee of 2% on the guideline value or sale price, whichever is higher.

Which office handles property registration for Gandhi Nagar 3rd Cross Street?

The Pallavaram Sub Registrar Office handles property registration for Gandhi Nagar 3rd Cross Street, located at 7th Main Road, New Colony, Chromepet, Chennai.

What is the land classification of Gandhi Nagar 3rd Cross Street?

Gandhi Nagar 3rd Cross Street is classified as Mixed Type - II land according to the local guidelines.