Guideline Value for Gandhi Street (15)

Gandhi Street (15) guideline value

The current guideline value of Gandhi Street (15) in Pozhichalur village is Rs 1,650 per sq.ft, effective from 1 July 2024. This street falls under the Pammal SRO and is classified as Residential Class I Type - I.

How the guideline value of Gandhi Street (15) has changed

The guideline value for Gandhi Street (15) has seen significant changes over the years. In the 2017 revision, the value was Rs 1,005 per sq.ft. This increased to Rs 1,500 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has set the value at Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO, with guideline values ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median guideline value for these streets is Rs 1,320 per sq.ft, placing Gandhi Street (15) above this median at Rs 1,650 per sq.ft.

• Gandhi Street (11): Rs 1,650 per sq.ft (2024)
• Gandhi Street (6): Rs 1,650 per sq.ft (2024)
• Gnamani Nagar 1st Street: Rs 1,320 per sq.ft (2024)
• Gnamani Nagar 2nd Street: Rs 1,320 per sq.ft (2024)
• Gnamani Nagar 3rd Street: Rs 1,320 per sq.ft (2024)
• Gnamani Nagar 4th Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Gandhi Street (15)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total fees together to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Gandhi Street (15)?

The Sub Registrar Office that covers Gandhi Street (15) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Pozhichalur. It is the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the officially assessed value of the property.

When buying or selling property, the guideline value is used to determine the legal value of the transaction, which helps in maintaining transparency and regulating property transactions in the area.

Frequently asked questions

What is the current guideline value of Gandhi Street (15)?

The current guideline value of Gandhi Street (15) is Rs 1,650 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,005 per sq.ft to Rs 1,650 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the registration fees for property in Gandhi Street (15)?

The registration fees for a property in Gandhi Street (15) include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers this area?

The Pammal Sub Registrar Office covers Gandhi Street (15), located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

Where can I find more information on guideline values in Pozhichalur?

For more information on guideline values in Pozhichalur, you can refer to the official registration department's guideline value register, which provides detailed figures for various streets in the area.