Guideline Value for Gandhi Street

Gandhi Street guideline value

The current guideline value of Gandhi Street in Vandalur village, under the Gooduvancheri SRO, is Rs 1,500 per sq.ft as per the 2023 revision. The land classification for this area is Residential Special Type - I.

How the guideline value of Gandhi Street has changed

The guideline value of Gandhi Street has undergone several revisions over the years. In the 2007 revision, the value was Rs 550 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in the 2012 revision, marking a 173% increase. However, in the 2017 revision, the value decreased to Rs 1,005 per sq.ft, which was a 33% decline from the previous figure. The most recent revision in 2023 saw the guideline value rise again to Rs 1,500 per sq.ft, representing a 49% increase from 2017.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 173%. It is important to note that the register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Vandalur

Currently, there are no specific village figures available for Vandalur. The guideline value of Gandhi Street is Rs 1,500 per sq.ft, and there are no other streets in Vandalur listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Gandhi Street

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gandhi Street?

The Gooduvancheri Sub Registrar Office covers Gandhi Street. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Vandalur. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value serves as a benchmark. If the sale price of the property is higher than the guideline value, the stamp duty will be calculated based on the sale price instead.

Frequently asked questions

What is the current guideline value of Gandhi Street?

The current guideline value of Gandhi Street is Rs 1,500 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and finally returned to Rs 1,500 per sq.ft in 2023.

What is the land classification for Gandhi Street?

The land classification for Gandhi Street is Residential Special Type - I.

What are the stamp duty and registration fees for a property on Gandhi Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fee would be Rs 1,35,000, which includes Rs 1,05,000 for stamp duty and Rs 30,000 for registration fees.

Which office handles registrations for Gandhi Street?

The Gooduvancheri Sub Registrar Office handles registrations for Gandhi Street, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.