Guideline Value for Gandhi Nagar 5th Street Ward 4

Gandhi Nagar 5th Street Ward 4 guideline value

The current guideline value of Gandhi Nagar 5th 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 it is classified as Residential Special Type - I.

How the guideline value of Gandhi Nagar 5th Street Ward 4 has changed

The guideline value for Gandhi Nagar 5th Street Ward 4 has seen several revisions over the years. In the 2007 revision, the value was set at Rs 100 per sq.ft, which increased to Rs 300 per sq.ft in 2012. However, it then decreased to Rs 201 per sq.ft in the 2017 revision. The most recent revisions in 2023 and 2024 maintained the guideline value at Rs 400 per sq.ft, showing no change from 2023 to 2024. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, there was a significant increase of 99%. The jump from 2007 to 2012 was a rise of 200%, followed by 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 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, making the guideline value of Gandhi Nagar 5th Street Ward 4 equal to this median.

• Gandhi Nagar 4th Street Ward 4: Rs 400 per sq.ft (2024)
• Gandhi Nagar 3rd Street Ward 4: Rs 400 per sq.ft (2024)
• Gandhi Nagar (Extention): Rs 400 per sq.ft (2024)
• Gandhi Nagar 2nd Street Ward 4: 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 5th 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 would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, making the total cost for these fees Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Gandhi Nagar 5th Street Ward 4?

The Sub Registrar Office that covers Gandhi Nagar 5th Street Ward 4 is the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone.

To find your SRO, visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Acharapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value, as it can affect the overall cost of the transaction. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Gandhi Nagar 5th Street Ward 4?

The current guideline value of Gandhi Nagar 5th 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 both 2023 and 2024. There were fluctuations in between, including a decrease in 2017 and an increase in 2023.

What is the land classification for Gandhi Nagar 5th Street Ward 4?

The land classification for Gandhi Nagar 5th Street Ward 4 is Residential Special Type - I.

Where can I find the Acchirapakkam Sub Registrar Office?

The Acchirapakkam Sub Registrar Office is located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone.

How is stamp duty calculated for properties in Gandhi Nagar 5th Street Ward 4?

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