Guideline Value for Gandhi Nagar

Gandhi Nagar guideline value

The current guideline value for Gandhi Nagar, located in Adhanoor village under the Gooduvancheri SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Gandhi Nagar has changed

Since the 2007 revision, the guideline value has seen a significant increase. In 2007, the value was Rs 335 per sq.ft, which rose to Rs 1,000 per sq.ft in 2012, marking a 199% increase. However, this value decreased to Rs 670 per sq.ft in 2017, a drop of 33%. The guideline value then increased by 49% to Rs 1,000 per sq.ft in the 2023 revision, remaining the same in the 2024 revision, reflecting no change.

For the years 2002 and 2003, the register has no figure for this street. Overall, from 2007 to 2024, the guideline value has increased by 199%, reaching the current rate of Rs 1,000 per sq.ft.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 670 to Rs 3,000 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, which is equal to the guideline value for Gandhi Nagar.

• Godwin Nagar: Rs 1,000 per sq.ft (2024)
• Gokul Nagar: Rs 1,000 per sq.ft (2024)
• Gowtham Nagar: Rs 1,000 per sq.ft (2024)
• Guru Gnanesh Nagar: Rs 1,000 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 1,000 per sq.ft (2024)
• Dava Nagar: Rs 1,000 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 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, leading to a total of Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, 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 Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Adhanoor. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring transparency in property dealings.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value for Gandhi Nagar?

The current guideline value for Gandhi Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Gandhi Nagar has changed from Rs 335 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2024, marking an overall increase of 199%.

What is the land classification for Gandhi Nagar?

The land classification for Gandhi Nagar is Residential Special Type - I.

Where can I find the registration office for Gandhi Nagar?

The registration office for Gandhi Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated in Gandhi Nagar?

Stamp duty in Gandhi Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 at 7%.