Guideline Value for Gandhi Nagar 3rd Street Ward 4

Gandhi Nagar 3rd Street Ward 4 guideline value

The current guideline value of Gandhi Nagar 3rd Street Ward 4 is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Acharapakkam village and falls under the Acchirapakkam SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Gandhi Nagar 3rd Street Ward 4 has changed

Over the years, the guideline value for Gandhi Nagar 3rd Street Ward 4 has seen several revisions. The earliest available revision is from 2007, which set the guideline value at Rs 100 per sq.ft. This increased to Rs 300 per sq.ft in 2012, followed by a decrease to Rs 201 per sq.ft in 2017. The most significant change occurred between 2017 and 2023, where the value jumped to Rs 400 per sq.ft, reflecting a 99% increase. The current value remains unchanged from the 2023 revision.

Notably, there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 300%.

Guideline values in Acharapakkam

Acharapakkam village has a total of 61 streets under the Acchirapakkam SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 600 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, which is the same as the current guideline value for Gandhi Nagar 3rd Street Ward 4.

• Gandhi Nagar 4th Street Ward 4: Rs 400 per sq.ft (2024)
• Gandhi Nagar 2nd Street Ward 4: Rs 400 per sq.ft (2024)
• Gandhi Nagar 5th Street Ward 4: Rs 400 per sq.ft (2024)
• Gandhi Nagar 1st 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 3rd 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 amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, leading to a total of Rs 36,000 for these charges. 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 Street Ward 4?

The Sub Registrar Office that covers Gandhi Nagar 3rd 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 additional details.

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

The guideline value plays a critical role during the registration process of property transactions in Acharapakkam. It is used to determine the stamp duty and registration fees applicable for the property being bought or sold, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Gandhi Nagar 3rd Street Ward 4?

The current guideline value of Gandhi Nagar 3rd 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 changed from Rs 100 per sq.ft in 2007 to Rs 400 per sq.ft in 2024, representing a 300% increase overall. The most significant change occurred between 2017 and 2023, with a 99% increase.

Where can I find the Sub Registrar Office for Gandhi Nagar 3rd Street Ward 4?

The Sub Registrar Office for Gandhi Nagar 3rd Street Ward 4 is the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone.

What are the stamp duty and registration fees for property in Gandhi Nagar 3rd Street Ward 4?

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000. These fees are calculated based on the higher of the guideline value or the sale price.

What is the land classification for Gandhi Nagar 3rd Street Ward 4?

The land classification for Gandhi Nagar 3rd Street Ward 4 is Residential Special Type - I, indicating its designated use for residential purposes.