Guideline Value for Gandhi Street (6)

Gandhi Street (6) guideline value

The current guideline value of Gandhi Street (6) in Pozhichalur village is Rs 1,650 per sq.ft, effective from 1 July 2024. This street falls under the Pammal Sub Registrar Office and is classified as Residential Class I Type - I.

How the guideline value of Gandhi Street (6) has changed

The guideline value for Gandhi Street (6) has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,650 per sq.ft, which is an increase from Rs 1,500 per sq.ft in the 2023 revision, marking a 10% rise. Prior to that, in 2017, the guideline value was Rs 1,005 per sq.ft, indicating a substantial increase of 49% when compared to the 2023 figure. The register has no figure for this street for the years 2012, 2007, 2003, and 2002.

Overall, from 2017 to 2024, the guideline value has increased by 64%. This reflects the changes in the real estate landscape in the area over the past few years.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, placing Gandhi Street (6) above this median with its current guideline value of Rs 1,650 per sq.ft.

• Gandhi Street (15): Rs 1,650 per sq.ft (2024)
• Gandhi Street (11): 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 (6)

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, making the total charges Rs 1,48,500. It is important to note that 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 Street (6)?

The Sub Registrar Office that covers Gandhi Street (6) 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 is a crucial factor when registering property in Pozhichalur. It determines the minimum value at which a property can be sold or purchased, ensuring that the transaction is recorded accurately in the official register.

This value is also used to calculate the stamp duty and registration fees, which are mandatory for property transactions. Buyers and sellers must be aware of these figures to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Gandhi Street (6)?

The current guideline value of Gandhi Street (6) is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,005 per sq.ft in 2017 to Rs 1,650 per sq.ft in 2024, reflecting a 64% overall increase over this period.

What are the stamp duty and registration fees for property in Gandhi Street (6)?

For a 1,000 sq.ft plot, the total guideline value is Rs 16,50,000. The stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which office handles the registration for Gandhi Street (6)?

The Pammal Sub Registrar Office handles the registration for Gandhi Street (6), located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the median guideline value for streets in Pozhichalur?

The median guideline value for streets in Pozhichalur is Rs 1,320 per sq.ft, with Gandhi Street (6) being above this median at Rs 1,650 per sq.ft.