Guideline Value for Kasturibai Gandhi Street, Chennai 82

Kasturibai Gandhi Street, Chennai 82 guideline value

The current guideline value for Kasturibai Gandhi Street, Chennai 82 is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Kasturibai Gandhi Street, Chennai 82 has changed

The guideline value for Kasturibai Gandhi Street has seen several revisions over the years. The 2007 revision set the value at Rs 1,200 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 233%. However, the value dropped to Rs 2,680 per sq.ft in 2017, a decline of 33%. The 2023 revision brought the value back up to Rs 4,000 per sq.ft, and the latest revision in 2024 has set it at Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 267%.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO that carry a 2024 guideline value, ranging from Rs 2,700 to Rs 20,000 per sq.ft, with a median value of Rs 4,900 per sq.ft. The guideline value for Kasturibai Gandhi Street is below this median.

• Kattabomman Street, Chennai 82: Rs 4,400 per sq.ft (2024)
• Karunanidhi Street, Chennai 82: Rs 4,400 per sq.ft (2024)
• Karunanidhi Nagar Ist Street: Rs 3,300 per sq.ft (2024)
• Karunanidhi Nagar 9th Street: Rs 3,300 per sq.ft (2024)
• Karunanidhi Nagar 8th Street: Rs 3,300 per sq.ft (2024)
• Karunanidhi Nagar 7th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kasturibai Gandhi Street, Chennai 82

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. 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 details.

Which Sub Registrar Office covers Kasturibai Gandhi Street, Chennai 82?

The Sub Registrar Office that covers Kasturibai Gandhi Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for further assistance.

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

The guideline value is a critical factor in the registration process for property transactions in Ayanavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps establish a fair price for the transaction. It is essential for buyers and sellers to be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kasturibai Gandhi Street, Chennai 82?

The current guideline value of Kasturibai Gandhi Street, Chennai 82 is Rs 4,400 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 2007 to Rs 4,400 per sq.ft in 2024, reflecting a total increase of 267% over the years.

What is the land classification for Kasturibai Gandhi Street?

Kasturibai Gandhi Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

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

The Sub Registrar Office for Kasturibai Gandhi Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 44,00,000 incurs a stamp duty of Rs 3,08,000 at 7%.