Guideline Value for Gandhi Salai (ward 4)

Gandhi Salai (ward 4) guideline value

The current guideline value of Gandhi Salai (ward 4) is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Tharapakkam village, under the Pammal Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - I.

How the guideline value of Gandhi Salai (ward 4) has changed

The guideline value for Gandhi Salai (ward 4) has seen several revisions over the years. In the 2017 revision, the value was Rs 670 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for this street in the revisions from 2002, 2003, 2007, and 2012.

Guideline values in Tharapakkam

In Tharapakkam, there are 47 streets under the Pammal SRO that carry a guideline value for 2024, ranging from Rs 880 to Rs 5,000 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, which is the same as the current guideline value for Gandhi Salai (ward 4).

• Gandhi Salai (ward 3): Rs 1,100 per sq.ft (2024)
• Gayathri Nagar Annex: Rs 1,310 per sq.ft (2024)
• G D S Nagar: Rs 1,100 per sq.ft (2024)
• Evp Town Phase - II: Rs 3,450 per sq.ft (2024)
• E.V.P Town: Rs 1,100 per sq.ft (2024)
• Doctors Chennapatnam: Rs 4,269 per sq.ft (2024)

Stamp duty and registration fee for property in Gandhi Salai (ward 4)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gandhi Salai (ward 4)?

The Sub Registrar Office that covers Gandhi Salai (ward 4) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Tharapakkam. It serves as a reference point for determining the stamp duty and registration fees payable when a property is bought or sold.

When registering a property, buyers should be aware that the guideline value may influence the overall costs associated with the transaction. It is essential to ensure that the sale price is not lower than the guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Gandhi Salai (ward 4)?

The current guideline value of Gandhi Salai (ward 4) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023, and now to Rs 1,100 per sq.ft in 2024. This reflects an overall increase of 64% from the 2017 revision to the 2024 revision.

What is the land classification for Gandhi Salai (ward 4)?

The land classification for Gandhi Salai (ward 4) is Residential Class I Type - I. This classification indicates the type of development permitted in the area.

Where can I find the Sub Registrar Office for Gandhi Salai (ward 4)?

The Sub Registrar Office for Gandhi Salai (ward 4) is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. This office handles the registration of property transactions in the area.

What are the stamp duty and registration fees based on the guideline value?

The stamp duty is charged at 7% of the guideline value, while the registration fee is charged at 2%. For a property valued at Rs 11,00,000, the total fees would amount to Rs 99,000.