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Guideline Value

Corporate

Guideline Value for G.S.T. RoadSOUTH SIDE LAWYER JAGANATHAN STREET

₹11000/sq.ft.

The guideline value for G.s.t. Roadsouth Side Lawyer Jaganathan Street in Alandur 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

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 ₹10000 /sq.ft.
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. Roadsouth Side Lawyer Jaganathan Street

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G.S.T. RoadSOUTH SIDE LAWYER JAGANATHAN STREET guideline value

The current guideline value for G.S.T. RoadSOUTH SIDE LAWYER JAGANATHAN STREET is Rs 11,000 per sq.ft, effective from 1 July 2024. This street is located in Alandur village, under the Alandur SRO, and is classified as Commercial Special Type - I.

How the guideline value of G.S.T. RoadSOUTH SIDE LAWYER JAGANATHAN STREET has changed

The guideline value for G.S.T. RoadSOUTH SIDE LAWYER JAGANATHAN STREET has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 10,000 per sq.ft. This figure decreased to Rs 6,700 per sq.ft in the 2017 revision, marking a reduction of 33%. However, from 2017 to 2023, the guideline value increased significantly to Rs 10,000 per sq.ft, reflecting a 49% rise. The most recent revision in 2024 has further increased the value to Rs 11,000 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10%.

Guideline values in Alandur

Alandur village contains 40 streets under the Alandur SRO that carry a 2024 guideline value, ranging from Rs 3,900 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 5,000 per sq.ft, placing G.S.T. RoadSOUTH SIDE LAWYER JAGANATHAN STREET above this median.

Stamp duty and registration fee for property in G.S.T. RoadSOUTH SIDE LAWYER JAGANATHAN STREET

For a 1,000 sq.ft plot at the current rate of Rs 11,000 per sq.ft, the guideline value totals 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. It is essential to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers G.S.T. RoadSOUTH SIDE LAWYER JAGANATHAN STREET?

The Sub Registrar Office covering G.S.T. RoadSOUTH SIDE LAWYER JAGANATHAN STREET is 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

The guideline value is a critical factor during the registration of property transactions in Alandur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

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

Frequently asked questions

What is the current guideline value for G.S.T. RoadSOUTH SIDE LAWYER JAGANATHAN STREET?

The current guideline value for G.S.T. RoadSOUTH SIDE LAWYER JAGANATHAN STREET is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 10,000 per sq.ft in 2012 to Rs 6,700 per sq.ft in 2017, then increased to Rs 10,000 per sq.ft in 2023, and finally to Rs 11,000 per sq.ft in 2024.

What is the land classification for G.S.T. RoadSOUTH SIDE LAWYER JAGANATHAN STREET?

G.S.T. RoadSOUTH SIDE LAWYER JAGANATHAN STREET is classified as Commercial Special Type - I.

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

The Sub Registrar Office for G.S.T. RoadSOUTH SIDE LAWYER JAGANATHAN STREET is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the stamp duty calculated for properties in Alandur?

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 1,10,00,000, the stamp duty would be calculated accordingly, along with the registration fee.