Guideline Value for Thiruvalluvar Street (Gandhi Nagar)

Thiruvalluvar Street (Gandhi Nagar) guideline value

The current guideline value of Thiruvalluvar 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 Thiruvalluvar Street (Gandhi Nagar) has changed

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

Overall, from 2012 to 2024, the guideline value has increased by 6%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO with 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, placing Thiruvalluvar Street (Gandhi Nagar) below that median.

• Thiruvalluvar Street (Banu Nagar West): Rs 2,200 per sq.ft (2024)
• Thiruvalluvar Street (Ram Nagar): Rs 2,400 per sq.ft (2024)
• Thiruvalluvar Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Thiruvalluvar Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Thiruvengadam Pillai Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Thiruvengadam Street (Gandhi Nagar): Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar 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 would be Rs 18,00,000. The stamp duty at 7% would amount to Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, bringing the total fees to Rs 1,62,000. Please 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 information.

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

The Sub Registrar Office that covers Thiruvalluvar 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 details.

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

The guideline value is a crucial factor in the registration of property transactions in Oragadam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

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

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

How has the guideline value changed over the years for this street?

The guideline value has changed from Rs 1,700 per sq.ft in 2012 to Rs 1,139 per sq.ft in 2017, then increased to Rs 1,700 per sq.ft in 2023, and finally to Rs 1,800 per sq.ft in 2024.

What is the registration office for properties in this area?

The registration office for properties in Thiruvalluvar 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 this street?

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

What is the median guideline value for streets in Oragadam?

The median guideline value for streets in Oragadam is Rs 2,200 per sq.ft, which is higher than the current guideline value of Thiruvalluvar Street (Gandhi Nagar).