Guideline Value for Gandhi Road/Gandhi Salai

Gandhi Road/Gandhi Salai guideline value

The current guideline value of Gandhi Road/Gandhi Salai is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Palavanthangal village under the Alandur SRO, classified as Residential Class I Type - III.

How the guideline value of Gandhi Road/Gandhi Salai has changed

The guideline value for Gandhi Road/Gandhi Salai has undergone several revisions over the years. In 2012, the guideline value was set at Rs 3,500 per sq.ft. This figure remained the same in the subsequent revision in 2017, where it dropped to Rs 2,345 per sq.ft. The next revision in 2023 saw a significant increase to Rs 3,500 per sq.ft, followed by the current rate of Rs 3,900 per sq.ft from the 2024 revision.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. The latest revision from 2023 to 2024 reflects an increase of 11%. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Palavanthangal

In Palavanthangal, there are 95 streets under the Alandur SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, which is equal to the guideline value of Gandhi Road/Gandhi Salai.

• Gandhi Street: Rs 3,900 per sq.ft (2024)
• Gopal Colony 1st Street: Rs 3,900 per sq.ft (2024)
• Gopal Colony 2nd Street: Rs 3,900 per sq.ft (2024)
• Gopal Colony 3rd Street: Rs 3,900 per sq.ft (2024)
• Elango Adigal Street: Rs 3,900 per sq.ft (2024)
• G S T Road: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in Gandhi Road/Gandhi Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, making the total charges Rs 3,51,000. Please note that the 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 Road/Gandhi Salai?

The Sub Registrar Office covering Gandhi Road/Gandhi Salai is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Palavanthangal. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value serves as a benchmark to ensure that the transaction is recorded accurately, reflecting the official value set by the Registration Department.

Frequently asked questions

What is the current guideline value of Gandhi Road/Gandhi Salai?

The current guideline value of Gandhi Road/Gandhi Salai is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent increase from Rs 3,500 per sq.ft in 2023 to Rs 3,900 per sq.ft in 2024. The value also increased from Rs 2,345 per sq.ft in 2017 to Rs 3,500 per sq.ft in 2023.

What is the land classification for Gandhi Road/Gandhi Salai?

Gandhi Road/Gandhi Salai is classified as Residential Class I Type - III, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000 and the registration fee would be Rs 78,000, totaling Rs 3,51,000.

Where can I find the Sub Registrar Office for Gandhi Road/Gandhi Salai?

The Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061, covers Gandhi Road/Gandhi Salai.