Guideline Value for Gandhi Nagar

Gandhi Nagar guideline value

The current guideline value of Gandhi Nagar, located in Siru Mathoor village under the Sriperumpudur SRO, is Rs 250 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Gandhi Nagar has changed

Looking at the revisions over the years, the guideline value for Gandhi Nagar has seen several changes. In 2007, the guideline value was Rs 80 per sq.ft, which increased significantly to Rs 250 per sq.ft in 2012. However, it dropped to Rs 167 per sq.ft in 2017, before returning to Rs 250 per sq.ft in both the 2023 and 2024 revisions. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, there was a 50% increase, while the change from 2012 to 2017 was a decrease of 33%. The overall change from 2007 to 2024 shows an increase of 213%. The current guideline value remains the same as the previous year, reflecting no percentage change from 2023 to 2024.

Guideline values in Siru Mathoor

Siru Mathoor village has a range of guideline values across its 24 streets under the Sriperumpudur SRO, with figures varying from Rs 150 to Rs 2,500 per sq.ft. The median guideline value in this area is Rs 600 per sq.ft, indicating that the guideline value of Gandhi Nagar is below this median.

• EVP Antiha Nagar: Rs 600 per sq.ft (2024)
• Docla Project: Rs 1,810 per sq.ft (2024)
• C.S.Sai Nagar Padappai: Rs 600 per sq.ft (2024)
• Coconut Forms: Rs 600 per sq.ft (2024)
• Ciril Castal: Rs 2,250 per sq.ft (2024)
• Jayamangalam Nagar: Rs 250 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 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. 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 Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the amount of stamp duty and registration fees that need to be paid. When buying or selling property in Siru Mathoor, the guideline value is used to assess these charges, ensuring that both parties are aware of the financial implications involved in the transaction.

It is essential for buyers and sellers to be informed about the guideline value, as it reflects the official pricing set by the government for property registration purposes. This value helps in standardizing property transactions and ensuring transparency in the real estate market.

Frequently asked questions

What is the current guideline value of Gandhi Nagar?

The current guideline value of Gandhi Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 80 per sq.ft in 2007 to Rs 250 per sq.ft in 2012, then decreased to Rs 167 per sq.ft in 2017, before returning to Rs 250 per sq.ft in 2023 and 2024.

What is the median guideline value in Siru Mathoor?

The median guideline value in Siru Mathoor is Rs 600 per sq.ft, with Gandhi Nagar's current value being below this median.

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

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500.

Which office handles property registrations for Gandhi Nagar?

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