Guideline Value for Mahatma Gandhi Road

Mahatma Gandhi Road guideline value

The current guideline value of Mahatma Gandhi Road in 5. Athipattu village is Rs 2,200 per sq.ft, effective from 1 July 2024. This property falls under the Konnur SRO and is classified as Residential Class I Type - II.

How the guideline value of Mahatma Gandhi Road has changed

The guideline value for Mahatma Gandhi Road has seen significant changes over the years. The 2017 revision recorded a value of Rs 1,340 per sq.ft. This increased to Rs 2,000 per sq.ft in the 2023 revision, marking a rise of 49%. The most recent revision in 2024 has set the value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in 5. Athipattu

In 5. Athipattu, there are 119 streets under the Konnur SRO, with guideline values ranging from Rs 1,100 to Rs 7,650 per sq.ft. The guideline value of Mahatma Gandhi Road aligns with the median value of Rs 2,200 per sq.ft for this village.

• Maghakavi Bharathiyar Street: Rs 1,600 per sq.ft (2024)
• Manimuthu Aaru(ICF): Rs 2,400 per sq.ft (2024)
• Mariammankoil Street (Kuppam): Rs 1,600 per sq.ft (2024)
• Mariamman Street: Rs 1,600 per sq.ft (2024)
• Masuthi Street (Chelliamman): Rs 2,200 per sq.ft (2024)
• Meenakshi Avenue: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Mahatma Gandhi Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total fees Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Mahatma Gandhi Road?

The Sub Registrar Office that covers Mahatma Gandhi Road is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value is a crucial factor when registering property transactions in 5. Athipattu. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duties.

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

Frequently asked questions

What is the current guideline value of Mahatma Gandhi Road?

The current guideline value of Mahatma Gandhi Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft in 2024, which is an overall increase of 64%.

What are the other streets in 5. Athipattu and their guideline values?

Other streets in 5. Athipattu include Maghakavi Bharathiyar Street at Rs 1,600 per sq.ft, Manimuthu Aaru(ICF) at Rs 2,400 per sq.ft, and Masuthi Street (Chelliamman) at Rs 2,200 per sq.ft, among others.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Konnur Sub Registrar Office?

The Konnur Sub Registrar Office is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.