Guideline Value for Gandhi Nagar

Gandhi Nagar guideline value

The current guideline value of Gandhi Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Vallam village under the Sriperumpudur SRO and is classified as Residential Class II Type - I.

How the guideline value of Gandhi Nagar has changed

The guideline value for Gandhi Nagar has undergone several revisions over the years. The register has no figure for the years 2002, 2003, 2007, 2012, and 2017. The most recent revisions show a guideline value of Rs 250 per sq.ft in 2023, which was increased to Rs 300 per sq.ft in the 2024 revision, marking a change of +20%.

Prior to the 2023 revision, there were no figures available for the aforementioned years. The current figure of Rs 300 per sq.ft reflects the latest update and positions Gandhi Nagar above the median guideline value for Vallam streets.

Guideline values in Vallam

In Vallam, there are 51 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 150 to Rs 1,950 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, making Gandhi Nagar's 2024 figure of Rs 300 per sq.ft higher than this median.

• Ganapathy Nagar: Rs 200 per sq.ft (2024)
• Gayathiri Nagar: Rs 200 per sq.ft (2024)
• Gowtham Nagar: Rs 600 per sq.ft (2024)
• Gowtham Nagar Extn-IV: Rs 600 per sq.ft (2024)
• Green Holiday Resorts: Rs 300 per sq.ft (2024)
• Highway: Rs 601 per sq.ft (2024)

Stamp duty and registration fee for property in Gandhi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. Please note that 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 details.

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 Vallam

The guideline value is an essential factor during the registration of property transactions in Vallam. It is used to determine the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process is aligned with the officially recognized value of the property.

Frequently asked questions

What is the current guideline value of Gandhi Nagar?

The current guideline value of Gandhi Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed recently?

In the 2024 revision, the guideline value increased from Rs 250 per sq.ft in 2023 to Rs 300 per sq.ft, reflecting a change of +20%.

What is the median guideline value for streets in Vallam?

The median guideline value for the 51 streets in Vallam under the Sriperumpudur SRO is Rs 200 per sq.ft, with Gandhi Nagar's value being above this median.

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

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000, and the registration fee would be Rs 6,000, totaling Rs 27,000.

Where is the Sub Registrar Office for Gandhi Nagar located?

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