Guideline Value for Gandhi Nagar 4th Cross Street

Gandhi Nagar 4th Cross Street guideline value

The current guideline value of Gandhi Nagar 4th Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village, under the Madhavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Gandhi Nagar 4th Cross Street has changed

The guideline value for Gandhi Nagar 4th Cross Street has seen significant changes over the years. The 2017 revision recorded a guideline value of Rs 1,340 per sq.ft. With the latest revision in 2024, the guideline value increased to Rs 2,200 per sq.ft, marking a change of +64% from the 2017 figure. There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 in the register for this street.

This increase reflects the updated valuation in the area, aligning with the ongoing revisions in the guideline values across various streets. The current value is set to provide a clear framework for property transactions in the locality.

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. The guideline value of Gandhi Nagar 4th Cross Street is below this median.

• Gandhi Nagar 3rd Street: Rs 2,700 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)
• Gandhi Nagar 5th Street: Rs 2,700 per sq.ft (2024)
• Gandhi Nagar 3rd Cross Street: Rs 2,200 per sq.ft (2024)
• Gandhi Nagar 6th Cross Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Gandhi Nagar 4th 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, leading to a total cost of Rs 1,98,000. Note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gandhi Nagar 4th Cross Street?

The Sub Registrar Office that covers Gandhi Nagar 4th Cross Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in property transactions in Kodungaiyur. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When you buy or sell a property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both parties are aware of the financial implications of the transaction based on the established guideline values in the area.

Frequently asked questions

What is the current guideline value of Gandhi Nagar 4th Cross Street?

The current guideline value of Gandhi Nagar 4th Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft, which is a change of +64%.

Are there any years without a guideline value for this street?

Yes, the register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for Gandhi Nagar 4th Cross Street.

What is the median guideline value in Kodungaiyur?

The median guideline value in Kodungaiyur is Rs 2,700 per sq.ft, with Gandhi Nagar 4th Cross Street's value being below this median.

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

The Sub Registrar Office covering Gandhi Nagar 4th Cross Street is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.