Guideline Value for Gandhi Salai

Gandhi Salai guideline value

The current guideline value of Gandhi Salai is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Chengalpattu Town village under the Chengleput Joint I SRO, classified as Residential Special Type - II.

How the guideline value of Gandhi Salai has changed

The guideline value for Gandhi Salai has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 501 per sq.ft. It increased significantly to Rs 4,000 per sq.ft in 2012, marking a substantial rise of 698%. However, in the 2017 revision, it decreased to Rs 2,680 per sq.ft, a drop of 33%. The value then rose again to Rs 4,000 per sq.ft in 2023, and finally reached Rs 4,400 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

Between the 2017 and 2023 revisions, the guideline value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by an impressive 778%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Chengalpattu Town

In Chengalpattu Town, there are 55 streets under the Chengleput Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median value for these streets is Rs 3,025 per sq.ft, making Gandhi Salai's 2024 figure above this median.

• Gokulapuram: Rs 3,025 per sq.ft (2024)
• Eswaran Koil Street: Rs 4,400 per sq.ft (2024)
• Ekambaram Avenue Phase-II: Rs 3,025 per sq.ft (2024)
• Ekambaram Avenue Phase-I: Rs 3,025 per sq.ft (2024)
• Gundur Church Road: Rs 2,200 per sq.ft (2024)
• Gundur Colony: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Gandhi Salai

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, making the total cost for these fees 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 use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gandhi Salai?

The Sub Registrar Office that covers Gandhi Salai is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Chengalpattu Town. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value influences the calculation of stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can significantly affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Gandhi Salai?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 501 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 778% over the years.

What is the median guideline value for streets in Chengalpattu Town?

The median guideline value for streets in Chengalpattu Town is Rs 3,025 per sq.ft, with Gandhi Salai's 2024 figure being above this median.

What are the stamp duty and registration fees for property in Gandhi Salai?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles property registration for Gandhi Salai?

The Chengleput Joint I Sub Registrar Office handles property registration for Gandhi Salai, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.