Guideline Value

Corporate

Guideline Value for GANDHI 2ND CROSS

₹802/sq.ft.

The guideline value for Gandhi 2nd Cross in Mitnamalle village (Avadi SRO, Chennai zone) is Rs 802 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 34% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mitnamalle

Village

Avadi

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹802 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹150 /sq.ft.
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)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Gandhi 2nd Cross

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Gandhi 2nd Cross guideline value

The current guideline value of Gandhi 2nd Cross is Rs 802 per sq.ft, effective from 1 July 2024. This street is located in Mitnamalle village and falls under the Avadi SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Gandhi 2nd Cross has changed

Over the years, the guideline value of Gandhi 2nd Cross has experienced several revisions. Starting from the 2007 revision, the guideline value was Rs 150 per sq.ft. It increased significantly to Rs 600 per sq.ft in 2012, then decreased to Rs 402 per sq.ft in 2017. The 2023 revision set the value at Rs 600 per sq.ft, before rising to Rs 802 per sq.ft in the 2024 revision. The register has no figure for this street in 2002 and 2003.

In terms of percentage changes, the value rose by 300% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then increased by 49% from 2017 to 2023. The most recent change from 2023 to 2024 shows an increase of 34%. Overall, from 2007 to 2024, the guideline value has increased by 435%.

Guideline values in Mitnamalle

In Mitnamalle village, there are 53 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,550 per sq.ft. The median value is Rs 802 per sq.ft, which is the same as the guideline value for Gandhi 2nd Cross.

Stamp duty and registration fee for property in Gandhi 2nd Cross

For a 1,000 sq.ft plot at the current guideline value of Rs 802 per sq.ft, the total guideline value would be Rs 8,02,000. The stamp duty at 7% would amount to Rs 56,140, while the registration fee at 2% would be Rs 16,040. Together, the total cost for stamp duty and registration would be Rs 72,180. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Gandhi 2nd Cross?

The Sub Registrar Office that covers Gandhi 2nd Cross is the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Mitnamalle. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable during the sale or purchase of property.

When buying or selling a property, the guideline value ensures that the transaction reflects the market standards set by the Registration Department. This helps maintain transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Gandhi 2nd Cross?

The current guideline value of Gandhi 2nd Cross is Rs 802 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 802 per sq.ft in 2024, showing significant increases and one decrease over the years.

What is the land classification for Gandhi 2nd Cross?

The land classification for Gandhi 2nd Cross is Residential Class II Type - I.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fee would be Rs 72,180.

Which office should I visit for registration in Mitnamalle?

The Avadi Sub Registrar Office covers registration for properties in Mitnamalle. The office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.