Guideline Value for INDIRA GANDHI STREET (GANDHI NAGAR)

Indira Gandhi Street (Gandhi Nagar) guideline value

The current guideline value of Indira Gandhi Street (Gandhi Nagar) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Thandurai village under the Avadi SRO and is classified as Residential Special Type - III.

How the guideline value of Indira Gandhi Street (Gandhi Nagar) has changed

Over the years, the guideline value for Indira Gandhi Street has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which was a decrease of 33% from the Rs 804 per sq.ft recorded in the 2017 revision. The 2023 revision increased the value to Rs 1,200 per sq.ft, and the latest 2024 revision further raised it to Rs 1,300 per sq.ft, marking an 8% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,640 per sq.ft. The median guideline value for these streets is Rs 988 per sq.ft, placing Indira Gandhi Street's 2024 value above this median.

• Indira Gandhi Street: Rs 1,300 per sq.ft (2024)
• Indira Gandhi Salai (Chozhan Nagar): Rs 1,300 per sq.ft (2024)
• I.A.F.Road Kakkanji Nagar: Rs 800 per sq.ft (2024)
• Iyappan Street: Rs 988 per sq.ft (2024)
• HINDU COLLEGE to AMBEDKAR SILAI: Rs 1,980 per sq.ft (2024)
• Gopalapuram West: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Indira Gandhi Street (Gandhi Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, making the total Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Indira Gandhi Street (Gandhi Nagar)?

The Sub Registrar Office that covers Indira Gandhi Street (Gandhi Nagar) is the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical component in the registration process of property transactions in Thandurai. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property.

When a property is sold, the guideline value is assessed to ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Indira Gandhi Street (Gandhi Nagar)?

The current guideline value of Indira Gandhi Street (Gandhi Nagar) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024, which is an 8% increase. The value was Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012.

What is the land classification for Indira Gandhi Street?

Indira Gandhi Street is classified as Residential Special Type - III, indicating its designated use within the local planning framework.

Where can I find the Sub Registrar Office for this area?

The Avadi Sub Registrar Office covers Indira Gandhi Street. It is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Thandurai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 13,00,000 would incur a stamp duty of Rs 91,000 at 7%.