Guideline Value for Pandi Street (Gandhi Nagar)

Pandi Street (Gandhi Nagar) guideline value

The current guideline value of Pandi Street (Gandhi Nagar) is Rs 1,800 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, classified as Residential Class I Type - II.

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

The guideline value of Pandi Street (Gandhi Nagar) has undergone several revisions over the years. In 2012, the value was set at Rs 1,700 per sq.ft, which then decreased to Rs 1,139 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,700 per sq.ft in 2023, and then further rose to Rs 1,800 per sq.ft in 2024, marking a 6% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 6%. The revisions for the years 2002, 2003, and 2007 have no figures listed for this street in the register.

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, with a median value of Rs 2,200 per sq.ft. Pandi Street (Gandhi Nagar) is below this median.

• Pandi Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Pandiyan Street (Prakash Nagar): Rs 2,400 per sq.ft (2024)
• Pandiyan Street (Pudur): Rs 2,400 per sq.ft (2024)
• Pandalamman Street: Rs 1,400 per sq.ft (2024)
• Pannerselvam Street: Rs 2,400 per sq.ft (2024)
• Panagal Street: Rs 1,100 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 1,800 per sq.ft, the 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, totaling Rs 1,62,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers Pandi Street (Gandhi Nagar) is the Ambattur Sub Registrar Office, located at 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 during the registration of property transactions in Oragadam. 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 serves as a reference point for both buyers and sellers. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Pandi 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 seen several changes, with the most recent increase being from Rs 1,700 per sq.ft in 2023 to Rs 1,800 per sq.ft in 2024, a 6% rise. The value had previously decreased from Rs 1,700 in 2012 to Rs 1,139 in 2017 before increasing again.

What is the land classification of Pandi Street (Gandhi Nagar)?

Pandi Street (Gandhi Nagar) is classified as Residential Class I Type - II under the Ambattur SRO.

Where can I find the registration office for Pandi Street (Gandhi Nagar)?

The registration office for Pandi Street (Gandhi Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 18,00,000, the stamp duty at 7% would be Rs 1,26,000.