Guideline Value for Gandhi Road

Gandhi Road guideline value

The current guideline value of Gandhi Road in Thandalam village is Rs 505 per sq.ft, effective from 1 July 2024. This area falls under the Sriperumpudur SRO and is classified as Residential Class I Type - I.

How the guideline value of Gandhi Road has changed

The guideline value for Gandhi Road has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 505 per sq.ft, an increase from Rs 500 per sq.ft in 2023, which reflects a change of +1%. Prior to that, the 2017 revision recorded a value of Rs 335 per sq.ft, marking a significant increase of +49% from that year to 2023. The 2012 revision also recorded a value of Rs 500 per sq.ft, which was a decrease of -33% from the 2017 figure.

Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a slight increase of +1%.

Guideline values in Thandalam

In Thandalam, there are 36 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value for Gandhi Road is above this median.

• Globus Sakthi Enclave: Rs 800 per sq.ft (2024)
• Ettiyamman Koil Street: Rs 300 per sq.ft (2024)
• Ettiyamman Koil Cross Street: Rs 300 per sq.ft (2024)
• Eswaran Koil Street: Rs 505 per sq.ft (2024)
• High School Street: Rs 400 per sq.ft (2024)
• Iyra Anandham: Rs 1,750 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 505 per sq.ft, the total guideline value would be Rs 5,05,000. The stamp duty at 7% would amount to Rs 35,350, and the registration fee at 2% would be Rs 10,100, making the total charges together Rs 45,450. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the 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 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 Thandalam

The guideline value plays a crucial role in property transactions in Thandalam, as it is used to determine the stamp duty and registration fees applicable during the registration process. When buying or selling property, the guideline value is considered to ensure that the transaction is recorded accurately in the official registry.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property registration. Understanding these values can help in making informed decisions during real estate transactions.

Frequently asked questions

What is the current guideline value of Gandhi Road?

The current guideline value of Gandhi Road is Rs 505 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 500 per sq.ft in 2023 to Rs 505 per sq.ft in 2024, an increase of +1%. From 2017 to 2023, it rose by +49% from Rs 335 per sq.ft.

Which office handles registrations for Gandhi Road?

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

What are the stamp duty rates for property transactions?

The stamp duty for property transactions is charged at 7% of the guideline value or sale price, whichever is higher. Registration fees are charged at 2% of the guideline value.

How is the guideline value determined for properties in Thandalam?

The guideline value for properties in Thandalam is determined by the Registration Department's guideline value register, which is updated periodically to reflect changes in property values in the area.