Guideline Value for Gandhiji Street

Gandhiji Street guideline value

The current guideline value of Gandhiji Street in Maathoor village is Rs 500 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Special Type - III.

How the guideline value of Gandhiji Street has changed

The guideline value for Gandhiji Street has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which then saw a decrease to Rs 335 per sq.ft in the 2017 revision. Following this, the 2023 revision brought the value back to Rs 500 per sq.ft, and the current 2024 revision maintains this figure with no change from the previous year.

Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street. The overall change from the 2012 revision to the 2024 revision is 0%, with a significant increase of 49% from 2017 to 2023.

Guideline values in Maathoor

In Maathoor, there are 47 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 2,687 per sq.ft. The median value is Rs 500 per sq.ft, making Gandhiji Street's current guideline value equal to this median.

• Four Greens: Rs 1,000 per sq.ft (2024)
• Ezhil Nagar: Rs 300 per sq.ft (2024)
• Green Acers III: Rs 2,687 per sq.ft (2024)
• Green Acres II Layout: Rs 2,687 per sq.ft (2024)
• Green Acres IV: Rs 2,687 per sq.ft (2024)
• Green Acres Layout: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Gandhiji Street

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, leading to a total cost of Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gandhiji Street?

The Sub Registrar Office that covers Gandhiji 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 further assistance.

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

The guideline value is an essential factor in property transactions in Maathoor, as it determines the amount of stamp duty and registration fees payable during the registration process. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When purchasing property, the guideline value serves as a benchmark for the minimum value at which the property can be registered. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Gandhiji Street?

The current guideline value of Gandhiji Street is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then back to Rs 500 per sq.ft in 2023, maintaining that value in 2024.

What is the land classification of Gandhiji Street?

Gandhiji Street is classified as Residential Special Type - III.

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

The Sub Registrar Office for Gandhiji Street is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for property in Gandhiji Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 500 per sq.ft would incur a stamp duty of Rs 35,000.