Guideline Value for Gandhi Road

Gandhi Road guideline value

The current guideline value of Gandhi Road in Thiruvallur village is Rs 3,300 per sq.ft, effective from 1 July 2024. This value is recorded under the Tiruvallur Joint 1 SRO and is classified as Residential Special Type - V.

How the guideline value of Gandhi Road has changed

The guideline value for Gandhi Road has undergone several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012, marking a substantial rise of 650%. However, from 2012 to 2017, the value decreased to Rs 2,010 per sq.ft, a drop of 33%. The value then rose to Rs 3,000 per sq.ft in 2023, reflecting an increase of 49%. Most recently, in 2024, the guideline value reached Rs 3,300 per sq.ft, a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 725%.

Guideline values in Thiruvallur

In Thiruvallur, there are 172 streets under the Tiruvallur Joint 1 SRO that have a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value of Gandhi Road is above this median.

• Gandhipuram: Rs 1,320 per sq.ft (2024)
• Ganapathy Nagar: Rs 1,650 per sq.ft (2024)
• Gengu St: Rs 1,100 per sq.ft (2024)
• Gopalapuram: Rs 1,100 per sq.ft (2024)
• Ekkadu Street: Rs 1,650 per sq.ft (2024)
• Edappalayam Thalakancheri road: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Gandhi Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gandhi Road?

The Sub Registrar Office that covers Gandhi Road is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Thiruvallur. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that these charges are calculated fairly based on the property's value.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property should be registered. This ensures transparency and compliance with the legal requirements set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Gandhi Road?

The current guideline value of Gandhi Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 725% over the years.

What is the land classification for Gandhi Road?

Gandhi Road is classified as Residential Special Type - V under the guideline value register.

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

The Sub Registrar Office for Gandhi Road is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How is the stamp duty calculated for property on Gandhi Road?

Stamp duty for property on Gandhi Road is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000.