Guideline Value for Gandhi St Vard 8th

Gandhi St Vard 8th guideline value

The current guideline value for Gandhi St Vard 8th in Peerklankaranai village is Rs 1,980 per sq.ft, effective from 1 July 2024. This property falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - I.

How the guideline value of Gandhi St Vard 8th has changed

The guideline value for Gandhi St Vard 8th has undergone several revisions over the years. The 2012 revision set the guideline value at Rs 1,800 per sq.ft, which was then reduced to Rs 1,206 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,800 per sq.ft, and the most recent 2024 revision has raised it to Rs 1,980 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Between the revisions, the changes are notable. From 2017 to 2023, there was a significant increase of 49%. The 2023 to 2024 revision saw a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO that have a 2024 guideline value ranging from Rs 880 to Rs 4,400 per sq.ft, with the median being Rs 1,650 per sq.ft. The guideline value for Gandhi St Vard 8th is above this median.

• Gandhi St: Rs 1,320 per sq.ft (2024)
• Gandhi Road: Rs 1,980 per sq.ft (2024)
• Gayathri Street: Rs 1,980 per sq.ft (2024)
• Gokulam Street: Rs 2,200 per sq.ft (2024)
• Erikkarai Salai to Sri Ram Nagar: Rs 1,100 per sq.ft (2024)
• Erikkarai Salai, Sri Ram Nagar to Kumaran st: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Gandhi St Vard 8th

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, making the total fees Rs 1,78,200. Duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Gandhi St Vard 8th?

The Sub Registrar Office that covers Gandhi St Vard 8th is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Peerklankaranai. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property being transacted. It is essential for buyers to be aware of this value, as it can impact their financial planning and the overall transaction process.

Frequently asked questions

What is the current guideline value of Gandhi St Vard 8th?

The current guideline value of Gandhi St Vard 8th is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the land classification for Gandhi St Vard 8th?

Gandhi St Vard 8th is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Gandhi St Vard 8th is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 19,80,000, the stamp duty at 7% would be Rs 1,38,600.