Guideline Value for Gandhi Street

Gandhi Street guideline value

The current guideline value of Gandhi Street in Anakaputhur village is Rs 1,760 per sq.ft, effective from 1 July 2024. This street falls under the Pammal SRO and is classified as Residential Class II Type - I.

How the guideline value of Gandhi Street has changed

The guideline value for Gandhi Street has seen significant changes over the years. In 2002, the value was Rs 274 per sq.ft, which then decreased to Rs 216 per sq.ft in 2003. Following this, the value increased to Rs 300 per sq.ft in 2007, and further rose to Rs 1,072 per sq.ft in 2017. The 2023 revision set the value at Rs 1,600 per sq.ft, and the latest 2024 revision marks a further increase to Rs 1,760 per sq.ft, reflecting a 10% rise from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 542%. Notably, there is no figure available for the year 2012 in the register for this street.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft, with a median value of Rs 1,980 per sq.ft. Gandhi Street's 2024 figure of Rs 1,760 per sq.ft is below this median.

• Ganapathy Nagar 3rd Street: Rs 1,760 per sq.ft (2024)
• Ganapathy Nagar 2nd Street: Rs 1,760 per sq.ft (2024)
• Ganapathy Nagar 1st Street: Rs 1,760 per sq.ft (2024)
• Ganapathy Nagar: Rs 1,760 per sq.ft (2024)
• G.K.Nagar 2nd Street: Rs 1,870 per sq.ft (2024)
• G.K.Nagar 3rd Street: Rs 1,870 per sq.ft (2024)

Stamp duty and registration fee for property in Gandhi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total fees to Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gandhi Street?

The Sub Registrar Office that covers Gandhi Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Anakaputhur

The guideline value is a crucial factor in property transactions in Anakaputhur. It determines the minimum value at which a property can be registered, ensuring that transactions are documented at a fair value as per the government regulations.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for completing the registration process. Buyers should be aware of the guideline value to avoid any discrepancies during property registration.

Frequently asked questions

What is the current guideline value of Gandhi Street?

The current guideline value of Gandhi Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 274 per sq.ft in 2002 to Rs 1,760 per sq.ft in 2024, marking an overall increase of 542% over this period.

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

For a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200 and the registration fee would be Rs 35,200, totaling Rs 1,58,400.

Which office handles property registrations for Gandhi Street?

The Pammal Sub Registrar Office handles property registrations for Gandhi Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Gandhi Street?

Gandhi Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.