Guideline Value for Gandhi Nagar Kamatchi Street

Gandhi Nagar Kamatchi Street guideline value

The current guideline value of Gandhi Nagar Kamatchi Street is Rs 700 per sq.ft. This street is located in Sriperumbudur A village, under the Sriperumpudur SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Gandhi Nagar Kamatchi Street has changed

The guideline value for Gandhi Nagar Kamatchi Street has remained stable at Rs 700 per sq.ft from the 2023 revision to the 2024 revision, indicating a 0% change. Prior to this, the guideline value was Rs 469 per sq.ft in the 2017 revision, marking a significant increase of 49% over the six-year period from 2017 to 2023.

There are no figures available for the revisions in the years 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, which is equal to the guideline value of Gandhi Nagar Kamatchi Street.

• Gandhi Road: Rs 3,000 per sq.ft (2024)
• Giri Nagar: Rs 700 per sq.ft (2024)
• Gothanda Nadar Nagar: Rs 1,200 per sq.ft (2024)
• Govarthinan Nagar: Rs 1,000 per sq.ft (2024)
• Govinda Mettu Street: Rs 1,200 per sq.ft (2024)
• Gowthami Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Gandhi Nagar Kamatchi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total fees to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information on calculating these fees.

Which Sub Registrar Office covers Gandhi Nagar Kamatchi Street?

The Sub Registrar Office that covers Gandhi Nagar Kamatchi Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical figure used during the registration of property transactions in Sriperumbudur A. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller engages in a transaction, the guideline value ensures that the registration process is transparent and standardized. This helps in calculating the necessary fees based on the established rates, thereby facilitating smoother property transactions.

Frequently asked questions

What is the current guideline value of Gandhi Nagar Kamatchi Street?

The current guideline value of Gandhi Nagar Kamatchi Street is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 700 per sq.ft from the 2023 revision to the 2024 revision. However, it increased from Rs 469 per sq.ft in the 2017 revision, showing a 49% increase over that period.

What is the median guideline value for streets in Sriperumbudur A?

The median guideline value for the 238 streets in Sriperumbudur A is Rs 700 per sq.ft. Gandhi Nagar Kamatchi Street's current guideline value matches this median.

What are the stamp duty and registration fees for a property in Gandhi Nagar Kamatchi Street?

For a property measuring 1,000 sq.ft, the total guideline value is Rs 7,00,000. The stamp duty would be Rs 49,000, and the registration fee would be Rs 14,000, totaling Rs 63,000.

Which office handles property registrations for Gandhi Nagar Kamatchi Street?

The Sriperumpudur Sub Registrar Office handles property registrations for Gandhi Nagar Kamatchi Street, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.