Guideline Value for M.K. GANDHI STREET

M.K. Gandhi Street guideline value

The current guideline value of M.K. Gandhi Street in Thandurai village is Rs 988 per sq.ft, effective from 1 July 2024. This street falls under the Avadi SRO and is classified as Residential Class II Type - I.

How the guideline value of M.K. Gandhi Street has changed

In the 2012 revision, the guideline value was Rs 900 per sq.ft. It then decreased to Rs 603 per sq.ft in 2017. Following this, the value increased significantly to Rs 900 per sq.ft in 2023, and finally, it rose to Rs 988 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 shows an increase of 10% in the guideline value.

Guideline values in Thandurai

In Thandurai village, there are 331 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 800 to Rs 2,640 per sq.ft. The median guideline value is Rs 988 per sq.ft, which is equal to the 2024 figure for M.K. Gandhi Street.

• M.K. Gandhi Road Thiruvalluvar Street: Rs 988 per sq.ft (2024)
• M.K. Gandhi Road: Rs 988 per sq.ft (2024)
• M.K.Bharathiyar Street: Rs 988 per sq.ft (2024)
• M.K.Bharathiyar Nagar 5th Street: Rs 988 per sq.ft (2024)
• M.K.Bharathiyar Nagar 4th Street: Rs 988 per sq.ft (2024)
• M.K.Bharathiyar Nagar 3rd Street: Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in M.K. Gandhi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value would be Rs 9,88,000. The stamp duty at 7% would amount to Rs 69,160, while the registration fee at 2% would be Rs 19,760, leading to a total of Rs 88,920. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers M.K. Gandhi Street?

The M.K. Gandhi Street is covered by the Avadi Sub Registrar Office, located at 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 plays a crucial role when registering property in Thandurai. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value and the sale price, ensuring that the government revenue is protected.

Frequently asked questions

What is the current guideline value of M.K. Gandhi Street?

The current guideline value of M.K. Gandhi Street is Rs 988 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then to Rs 900 per sq.ft in 2023, and finally to Rs 988 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in M.K. Gandhi Street?

For a property of 1,000 sq.ft, the total guideline value is Rs 9,88,000. The stamp duty would be Rs 69,160, and the registration fee would be Rs 19,760, totaling Rs 88,920.

Which office handles the registration for M.K. Gandhi Street?

The Avadi Sub Registrar Office handles the registration for M.K. Gandhi Street, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the land classification for M.K. Gandhi Street?

M.K. Gandhi Street is classified as Residential Class II Type - I, indicating its use for residential purposes within the area.