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Guideline Value

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Guideline Value for G.S.T. Road, Mount Road (Commerial Area)

₹11000/sq.ft.

The guideline value for G.s.t. Road, Mount Road (commerial Area) in Alandur Guindy village (Alandur SRO, Chennai zone) is Rs 11000 per sq.ft, effective 1 July 2024. It was Rs 10000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Alandur Guindy

Village

Alandur

SRO

Commercial Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹11000 /sq.ft.
From 1-4-2023 ₹10000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹6700 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061
044-22240222
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on G.s.t. Road, Mount Road (commerial Area)

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G.S.T. Road, Mount Road (Commerial Area) guideline value

The current guideline value of G.S.T. Road, Mount Road (Commerial Area) is Rs 11,000 per sq.ft, effective from 1 July 2024. This property is located in Alandur Guindy village, under the Alandur SRO, and is classified as Commercial Special Type - I.

How the guideline value of G.S.T. Road, Mount Road (Commerial Area) has changed

The guideline value for G.S.T. Road, Mount Road has seen significant changes over the years. In the 2017 revision, the value was set at Rs 6,700 per sq.ft. This increased to Rs 10,000 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has further raised the guideline value to Rs 11,000 per sq.ft, reflecting a 10% increase from the previous year.

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

Guideline values in Alandur Guindy

Alandur Guindy has a range of guideline values, with eight streets under the Alandur SRO carrying a 2024 figure that ranges from Rs 3,900 to Rs 11,200 per sq.ft. The median value for these streets is Rs 8,550 per sq.ft, placing G.S.T. Road, Mount Road above this median value.

Stamp duty and registration fee for property in G.S.T. Road, Mount Road (Commerial Area)

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the guideline value amounts to Rs 1,10,00,000. The stamp duty at 7% would be Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, bringing the total to Rs 9,90,000. 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 G.S.T. Road, Mount Road (Commerial Area)?

The G.S.T. Road, Mount Road (Commerial Area) is covered by the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions, as it is used to determine the stamp duty and registration fees that buyers must pay. When registering a property, the authorities will consider the guideline value or the sale price, whichever is higher, to calculate the applicable duties and fees.

Understanding the guideline value is essential for both buyers and sellers in Alandur Guindy. It ensures that the property is valued appropriately for legal and financial transactions, providing a clear framework for registration processes.

Frequently asked questions

What is the current guideline value of G.S.T. Road, Mount Road (Commerial Area)?

The current guideline value of G.S.T. Road, Mount Road (Commerial Area) is Rs 11,000 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 6,700 per sq.ft in 2017 to Rs 11,000 per sq.ft in 2024, marking a total increase of 64% over this period.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in G.S.T. Road, Mount Road (Commerial Area) is 7% of the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office covering G.S.T. Road, Mount Road (Commerial Area) is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What are the other streets with guideline values in Alandur Guindy?

Other streets in Alandur Guindy have guideline values ranging from Rs 3,900 to Rs 11,200 per sq.ft, with G.S.T. Road, Mount Road being above the median value of Rs 8,550 per sq.ft.