Guideline Value for Gandhi Nagar 4th Street Ward 4

Gandhi Nagar 4th Street Ward 4 guideline value

The current guideline value of Gandhi Nagar 4th Street Ward 4 is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Acharapakkam village, under the Acchirapakkam SRO, and is classified as Residential Special Type - I.

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

The guideline value for Gandhi Nagar 4th Street Ward 4 has seen several revisions over the years. The earliest recorded revision is from 2007, where the value was Rs 100 per sq.ft. This increased significantly to Rs 300 per sq.ft in 2012, but then dropped to Rs 201 per sq.ft in 2017. The most recent revisions in 2023 and 2024 have maintained the value at Rs 400 per sq.ft, showing no change from 2023 to 2024. Notably, there are no figures available for this street in the 2002 and 2003 revisions.

From 2017 to 2023, the guideline value increased by 99%, reflecting a significant rise. The jump from 2007 to 2012 was a remarkable 200%, but the value experienced a decrease of 33% from 2012 to 2017. 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 value for these streets is Rs 400 per sq.ft, which aligns with the current guideline value for Gandhi Nagar 4th Street Ward 4.

• Gandhi Nagar 5th Street Ward 4: Rs 400 per sq.ft (2024)
• Gandhi Nagar 3rd Street Ward 4: Rs 400 per sq.ft (2024)
• Gandhi Nagar 2nd Street Ward 4: Rs 400 per sq.ft (2024)
• Gandhi Nagar (Extention): Rs 400 per sq.ft (2024)
• Gandhi Nagar 1st Street Ward 4: 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 4th 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, bringing the total cost for these fees to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Gandhi Nagar 4th 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 more information.

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

When buying or selling property in Acharapakkam, the guideline value is a crucial factor that determines the registration fees and stamp duty payable. This value is set by the government and is used to assess the tax liabilities associated with property transactions.

It is essential for buyers and sellers to be aware of the guideline value as it ensures transparency in the transaction process. This value helps in establishing a fair basis for the payment of taxes and fees during the registration of property.

Frequently asked questions

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

The current guideline value of Gandhi Nagar 4th 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, reflecting an overall increase of 300% over the years.

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

The land classification for Gandhi Nagar 4th Street Ward 4 is Residential Special Type - I.

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

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

How is the stamp duty calculated for properties in Acharapakkam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 at 7%.