Guideline Value for Kannadasan Street (Gandhi Nagar)

Kannadasan Street (Gandhi Nagar) guideline value

The current guideline value of Kannadasan Street (Gandhi Nagar) is Rs 1,800 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village and falls under the Ambattur SRO. The land classification for this area is Residential Class I Type - II.

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

The guideline value for Kannadasan Street (Gandhi Nagar) has seen several revisions over the years. The earliest available revision is from 2012, which was set at Rs 1,700 per sq.ft. This was followed by a decrease to Rs 1,139 per sq.ft in 2017. The guideline value then increased to Rs 1,700 per sq.ft in 2023, and finally, it rose to Rs 1,800 per sq.ft in the 2024 revision, marking a 6% increase from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. However, the 2012 to 2017 period saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 6%. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, which indicates that the guideline value of Kannadasan Street (Gandhi Nagar) is below this median.

• Kandhasamy Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Kannaki Street (Vinayagapuram): Rs 2,400 per sq.ft (2024)
• Kannathasan Street (banu nagar west): Rs 2,200 per sq.ft (2024)
• Kambar Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Kambar Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Kambar Street (Lakshmi Amman Nagar): Rs 1,800 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value amounts to Rs 18,00,000. The stamp duty at 7% would be Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, bringing the total to Rs 1,62,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

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

The Sub Registrar Office that covers Kannadasan Street (Gandhi Nagar) is the Ambattur Sub Registrar Office. The address is Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Oragadam. 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 considered to ensure that the transaction is recorded accurately. It is essential for buyers and sellers to be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

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

The current guideline value of Kannadasan Street (Gandhi Nagar) is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,700 per sq.ft in 2023 to Rs 1,800 per sq.ft in 2024, marking a 6% increase. It was Rs 1,139 per sq.ft in 2017 and Rs 1,700 per sq.ft in 2012.

What is the land classification for Kannadasan Street (Gandhi Nagar)?

Kannadasan Street (Gandhi Nagar) is classified as Residential Class I Type - II.

Where can I find the Ambattur Sub Registrar Office?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Kannadasan Street (Gandhi Nagar)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,800 per sq.ft, the total guideline value would be Rs 18,00,000, leading to a stamp duty of Rs 1,26,000.