Guideline Value for Gandhipuram

Gandhipuram guideline value

The current guideline value of Gandhipuram, located in Thiruvallur village under the Tiruvallur Joint 1 SRO, is Rs 1,320 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - II.

How the guideline value of Gandhipuram has changed

Over the years, the guideline value of Gandhipuram has seen significant changes. The 2007 revision recorded a guideline value of Rs 200 per sq.ft, which increased dramatically to Rs 1,200 per sq.ft in 2012, marking a 500% rise. However, the value decreased to Rs 804 per sq.ft in 2017, a reduction of 33%. The 2023 revision set the value at Rs 1,200 per sq.ft, and the latest revision in 2024 increased it to Rs 1,320 per sq.ft, reflecting a 10% increase.

From 2017 to 2023, the guideline value rose by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 560%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Thiruvallur

In Thiruvallur, there are 172 streets under the Tiruvallur Joint 1 SRO with a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Gandhipuram's 2024 figure above this median.

• Gandhi Road: Rs 3,300 per sq.ft (2024)
• Ganapathy Nagar: Rs 1,650 per sq.ft (2024)
• Gengu St: Rs 1,100 per sq.ft (2024)
• Gopalapuram: Rs 1,100 per sq.ft (2024)
• Ekkadu Street: Rs 1,650 per sq.ft (2024)
• Edappalayam Thalakancheri road: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Gandhipuram

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total charges to Rs 1,18,800. Duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gandhipuram?

The Gandhipuram area is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Thiruvallur. It is used as a basis for calculating the stamp duty and registration fees that are required when buying or selling property.

When a property is sold, the higher of the guideline value or the sale price is considered for duty calculation. This ensures that the government receives appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Gandhipuram?

The current guideline value of Gandhipuram is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 200 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, reflecting a total increase of 560% over the years.

What is the land classification for Gandhipuram?

The land classification for Gandhipuram is Residential Class I Type - II.

What are the stamp duty and registration fees in Gandhipuram?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,18,800.

Which office handles registrations for Gandhipuram?

The Tiruvallur Joint 1 Sub Registrar Office handles registrations for Gandhipuram, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.