Guideline Value for Gandhi Nagar

Gandhi Nagar guideline value

The current guideline value of Gandhi Nagar is Rs 350 per sq.ft, effective from the 2024 revision. This area is located in Perampakkam village, under the Perambakkam SRO, classified as Residential Class II Type - I.

How the guideline value of Gandhi Nagar has changed

Over the years, the guideline value for Gandhi Nagar has seen several revisions. The 2007 revision recorded a high of Rs 3,00,000 per sq.ft, which later dropped to Rs 350 per sq.ft in the 2012 revision, marking a significant decline of 100%. The 2017 revision saw an increase to Rs 234 per sq.ft, which was a 50% rise from the previous figure. In 2023, the value remained at Rs 350 per sq.ft, and the 2024 revision again confirmed this value, showing no change from the previous year.

It is important to note that there are no figures available in the register for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has decreased by 100%.

Guideline values in Perampakkam

In Perampakkam village, there are 20 streets under the Perambakkam SRO with a 2024 guideline value ranging from Rs 200 to Rs 500 per sq.ft. The median value is Rs 350 per sq.ft, which is the same as the current figure for Gandhi Nagar.

• Eswaran Koil St: Rs 350 per sq.ft (2024)
• Hospital Road: Rs 400 per sq.ft (2024)
• Jothi Ramalingam Nagar: Rs 350 per sq.ft (2024)
• Brahmanar St: Rs 350 per sq.ft (2024)
• Bazzar St: Rs 500 per sq.ft (2024)
• Kammar St (Naidu St): Rs 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 350 per sq.ft, the total guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, totaling Rs 31,500. 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?

The Sub Registrar Office that covers Gandhi Nagar is the Perambakkam Sub Registrar Office, located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Perampakkam. It is used to determine the stamp duty and registration fees applicable during the sale or purchase of a property. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When registering a property, the guideline value is considered to assess the appropriate fees. It is essential for buyers to understand that the registration office will charge fees based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Gandhi Nagar?

The current guideline value of Gandhi Nagar is Rs 350 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with the highest recorded in 2007 at Rs 3,00,000 per sq.ft, dropping to Rs 350 per sq.ft in 2012, and remaining at Rs 350 per sq.ft in 2023 and 2024.

What are the other streets in Perampakkam with their guideline values?

Other streets in Perampakkam include Eswaran Koil St, Jothi Ramalingam Nagar, Brahmanar St, and Bazzar St, with guideline values ranging from Rs 350 to Rs 500 per sq.ft.

How is the stamp duty calculated for properties in Gandhi Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 3,50,000, the stamp duty would be Rs 24,500.

Where is the Sub Registrar Office for Gandhi Nagar located?

The Sub Registrar Office for Gandhi Nagar is located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone.