Guideline Value for Gandhi Street

Gandhi Street guideline value

The current guideline value of Gandhi Street in Ulunthai village is Rs 150 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram 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 undergone several revisions over the years. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged in the subsequent 2017 revision when it was adjusted to Rs 100 per sq.ft. However, from 2017 to 2023, the value increased by 50% to Rs 150 per sq.ft. The most recent revision in 2024 has kept the value at Rs 150 per sq.ft, reflecting a 0% change from the previous year.

It is important to note that there are no figures available for Gandhi Street in the revisions from the years 2002, 2003, and 2007. This lack of data indicates that the guideline value for this street was not established during those years.

Guideline values in Ulunthai

In Ulunthai, there are 27 streets under the Sunguvarchattram SRO that have a 2024 guideline value ranging from Rs 150 to Rs 426 per sq.ft. The median value for these streets is Rs 150 per sq.ft, which is equal to the current guideline value of Gandhi Street.

• Green Areana: Rs 150 per sq.ft (2024)
• Green Medows: Rs 150 per sq.ft (2024)
• Colony Street: Rs 150 per sq.ft (2024)
• Chennai Perambakkam salai: Rs 426 per sq.ft (2024)
• Beauty Gardens: Rs 150 per sq.ft (2024)
• Bajanai Kovil Street: Rs 150 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 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, making the total cost for these fees Rs 13,500. It is important to note that the 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?

The Sub Registrar Office that covers Gandhi Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ulunthai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to ensure that the transaction is registered at a fair value, reflecting the current market conditions. This helps in maintaining transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Gandhi Street?

The current guideline value of Gandhi Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Gandhi Street has remained at Rs 150 per sq.ft since the 2012 revision, with a decrease to Rs 100 per sq.ft in 2017 and an increase back to Rs 150 per sq.ft in 2023.

What is the median guideline value in Ulunthai?

The median guideline value in Ulunthai for the 2024 revision is Rs 150 per sq.ft, which is the same as the guideline value for Gandhi Street.

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

For a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500 and the registration fee would be Rs 3,000, totaling Rs 13,500.

Which office handles registrations for Gandhi Street?

The Sunguvarchattram Sub Registrar Office handles registrations for Gandhi Street, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.