Guideline Value for Gandhi Nagar

Gandhi Nagar guideline value

The current guideline value of Gandhi Nagar, located in Thirupanthiyoor village under the Sunguvarchattram SRO, is Rs 400 per sq.ft, effective from 1 July 2024. This land is classified as Residential Special Type - II.

How the guideline value of Gandhi Nagar has changed

The guideline value for Gandhi Nagar has undergone several revisions over the years. In 2007, the guideline value was Rs 60 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2012. This was a remarkable increase of 567%. However, from 2012 to 2017, the value decreased by 33% to Rs 268 per sq.ft. The 2023 revision maintained the value at Rs 400 per sq.ft, and the 2024 revision also kept it at Rs 400 per sq.ft, showing no change from the previous year.

Notably, there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 567%.

Guideline values in Thirupanthiyoor

In Thirupanthiyoor village, there are 53 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 900 per sq.ft, with a median value of Rs 350 per sq.ft. The guideline value of Gandhi Nagar is above this median.

• Fathima Street: Rs 400 per sq.ft (2024)
• Don Bosco Avenue: Rs 700 per sq.ft (2024)
• Hemanth Nagar: Rs 200 per sq.ft (2024)
• Ideal Form And Resorts: Rs 200 per sq.ft (2024)
• Indhira Nagar: Rs 200 per sq.ft (2024)
• Indhira Nagar Main Road: Rs 200 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 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Gandhi Nagar?

The Sub Registrar Office that covers Gandhi Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thirupanthiyoor. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value ensures that the transaction is recorded at a fair value, reflecting the current market conditions as set by the local authorities. This helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Gandhi Nagar?

The current guideline value of Gandhi Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 60 per sq.ft in 2007 to Rs 400 per sq.ft in 2012, then decreasing to Rs 268 per sq.ft in 2017, and remaining at Rs 400 per sq.ft in both 2023 and 2024.

What are the guideline values of other streets in Thirupanthiyoor?

Other streets in Thirupanthiyoor have varying guideline values, with rates ranging from Rs 200 to Rs 700 per sq.ft. Notably, Don Bosco Avenue has the highest value at Rs 700 per sq.ft.

What fees are associated with buying property in Gandhi Nagar?

When buying property in Gandhi Nagar, the stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, these fees would total Rs 36,000.

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

The Sub Registrar Office for Gandhi Nagar is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, in the Chengalpattu registration zone. You can find more information about your SRO online.