Guideline Value for Gandhi Nagar

Gandhi Nagar guideline value

The current guideline value of Gandhi Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class IV Type - III.

How the guideline value of Gandhi Nagar has changed

The guideline value for Gandhi Nagar has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 139 per sq.ft, which increased to Rs 175 per sq.ft in 2003. The value then rose to Rs 200 per sq.ft in 2007, followed by a significant jump to Rs 1,000 per sq.ft in 2012. However, it decreased to Rs 670 per sq.ft in 2017. The latest revision in 2024 has set the guideline value at Rs 1,100 per sq.ft, marking a 64% increase from the 2017 figure.

Overall, from 2002 to 2024, the guideline value has increased by 691%. Notably, there is no figure available for the 2023 revision for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,400 per sq.ft, placing Gandhi Nagar's 2024 figure below this median.

• Ganapathi Nagar Virivakkam: Rs 1,500 per sq.ft (2024)
• Ganapathi Nagar (Ragavendra Street): Rs 1,500 per sq.ft (2024)
• Ganapathi Nagar Mylaikarpagambal Street: Rs 1,500 per sq.ft (2024)
• Ganapathi Nagar (Ganapathi Street): Rs 1,500 per sq.ft (2024)
• Ganapathi Nagar: Rs 1,500 per sq.ft (2024)
• Gandhi Street Devi Nagar: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Gandhi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that 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?

The Sub Registrar Office that covers Gandhi Nagar is the Ambattur Sub Registrar Office. The address is Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

You can find your SRO for further assistance.

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

The guideline value is an essential factor when registering property transactions in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process.

Frequently asked questions

What is the current guideline value of Gandhi Nagar?

The current guideline value of Gandhi Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 139 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 691% over the years.

What is the median guideline value in Thirumullaivoyal?

The median guideline value in Thirumullaivoyal is Rs 2,400 per sq.ft, with Gandhi Nagar's 2024 figure being below this median.

What are the stamp duty rates for Gandhi Nagar?

The stamp duty for property transactions in Gandhi Nagar is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Gandhi Nagar?

The Sub Registrar Office for Gandhi Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.