Guideline Value for Gandhi Salai Pond Street

Gandhi Salai Pond Street guideline value

The current guideline value of Gandhi Salai Pond Street is Rs 4,400 per sq.ft. This street is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - II.

How the guideline value of Gandhi Salai Pond Street has changed

The guideline value for Gandhi Salai Pond Street has seen revisions over the years. The 2012 revision recorded a value of Rs 4,000 per sq.ft, while the most recent 2024 revision has increased this to Rs 4,400 per sq.ft, marking a 10% increase from the previous figure.

There are no recorded figures for the years 2023, 2017, 2007, 2003, and 2002 for this street. Therefore, the only revisions available are from 2012 and 2024.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value is Rs 4,400 per sq.ft, which is the same as the current guideline value for Gandhi Salai Pond Street.

• Gandhi Salai, Mahalakshmi Street: Rs 4,400 per sq.ft (2024)
• Gandhi Salai Throwpathy Amman Koil Main Street: Rs 4,400 per sq.ft (2024)
• Gandhi Salai Link Road: Rs 4,400 per sq.ft (2024)
• Gandhi Salai Vallalar Street: Rs 4,400 per sq.ft (2024)
• Gandhi Salai Karnam Street: Rs 4,400 per sq.ft (2024)
• Gandhi SalaiValllar Street (Vijaya Nagar): Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Gandhi Salai Pond Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Gandhi Salai Pond Street?

The Sub Registrar Office that covers Gandhi Salai Pond Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Velachery. It serves as a benchmark for determining the minimum value at which properties can be sold or bought, ensuring transparency in real estate dealings.

When you register a property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Gandhi Salai Pond Street?

The current guideline value of Gandhi Salai Pond Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 4,000 per sq.ft in 2012 to Rs 4,400 per sq.ft in 2024, which is a 10% increase. There are no recorded figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What are the registration fees for property transactions?

The registration fees for property transactions are calculated based on the guideline value. For example, the registration fee is 2% of the guideline value, while the stamp duty is charged at 7%.

Which office handles property registrations in Velachery?

The Velacheri Sub Registrar Office handles property registrations in Velachery. It is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How do I calculate stamp duty for a property?

Stamp duty for a property is calculated based on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for precise calculations.