Guideline Value for Gandhi Street

Gandhi Street guideline value

The current guideline value of Gandhi Street is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village, under the Thirukazhukundram SRO, and is classified as Residential Class I Type - III.

How the guideline value of Gandhi Street has changed

In the 2017 revision, the guideline value for Gandhi Street was Rs 402 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded a value of Rs 600 per sq.ft. The current 2024 revision has maintained this figure at Rs 600 per sq.ft, showing no percentage change from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%. Notably, there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 1,344 per sq.ft. The median guideline value is Rs 600 per sq.ft, which is equal to the current figure for Gandhi Street.

• Gangaiamman Koil street: Rs 400 per sq.ft (2024)
• Gothumaikollai Street: Rs 600 per sq.ft (2024)
• Guberan Nagar: Rs 320 per sq.ft (2024)
• East Street Mangalam: Rs 600 per sq.ft (2024)
• East Street Kanakoilpettai: Rs 600 per sq.ft (2024)
• Dr.Ambedkar Street: Rs 600 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 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty, charged at 7%, would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, making the total charges together Rs 54,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Gandhi Street?

The Sub Registrar Office covering Gandhi Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thirukalukundrem A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Gandhi Street?

The current guideline value of Gandhi Street is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49%. It was Rs 402 per sq.ft in 2017 and has remained at Rs 600 per sq.ft from 2023 to 2024.

What is the land classification for Gandhi Street?

Gandhi Street is classified as Residential Class I Type - III under the guideline value register.

Where can I find the Sub Registrar Office for Gandhi Street?

The Sub Registrar Office for Gandhi Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.

How is stamp duty calculated for properties on Gandhi Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a plot of 1,000 sq.ft at the guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000, leading to a stamp duty of Rs 42,000.