Guideline Value for Gandhi Nagar

Gandhi Nagar guideline value

The current guideline value for Gandhi Nagar, Pulikoradu village, under the Tambaram Joint 1 SRO is Rs 880 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - III.

How the guideline value of Gandhi Nagar has changed

The guideline value for Gandhi Nagar has seen significant changes over the years. In 2007, the guideline value was Rs 200 per sq.ft, which increased to Rs 600 per sq.ft in 2012, marking a 200% rise. The value then rose to Rs 800 per sq.ft in 2023, reflecting a 33% increase from the previous revision. The latest revision in 2024 set the guideline value at Rs 880 per sq.ft, a 10% increase from 2023.

It is important to note that there are no figures available for the years 2002, 2003, and 2017 for this street. Overall, from 2007 to 2024, the guideline value has increased by 340%.

Guideline values in Pulikoradu

In Pulikoradu, there are 62 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 880 per sq.ft, which is the same as the value for Gandhi Nagar.

• Gangaiamman Koil Street: Rs 880 per sq.ft (2024)
• Erikkarai Street: Rs 880 per sq.ft (2024)
• East Street: Rs 880 per sq.ft (2024)
• G.S.T. Road: Rs 6,600 per sq.ft (2024)
• Devi Granites: Rs 880 per sq.ft (2024)
• Hill Grove Town: Rs 2,200 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 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total fees to Rs 79,200. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. 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 Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the 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 Pulikoradu

The guideline value is a crucial factor when registering property transactions in Pulikoradu. It determines the amount of stamp duty and registration fees that need to be paid, ensuring that the transaction is legally recognized.

When buying or selling property, the guideline value serves as a benchmark for the minimum value of the property, which can affect the overall cost of the transaction. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Gandhi Nagar?

The current guideline value of Gandhi Nagar is Rs 880 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 340% over the years.

What are the other streets in Pulikoradu with the same guideline value?

Other streets in Pulikoradu with the same guideline value of Rs 880 per sq.ft include Gangaiamman Koil Street, Erikkarai Street, East Street, and Devi Granites.

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

The stamp duty for a property in Gandhi Nagar is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 79,200.

Which office covers the registration for Gandhi Nagar?

The Tambaram Joint 1 Sub Registrar Office covers the registration for Gandhi Nagar, located at No.26, Mes Road, East Tambaram, Chennai-600059.