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Guideline Value

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Guideline Value for GANDHI NAGAR (Kallikuppam) 5 to 8th CROSS STREETS

₹1600/sq.ft.

The guideline value for Gandhi Nagar (kallikuppam) 5 To 8th Cross Streets in Korattur village (Villivakkam SRO, Chennai zone) is Rs 1600 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Korattur

Village

Villivakkam

SRO

Residential Class III Type - III
History
Period Guideline Value
From 1-7-2024 ₹1600 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹1500 /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)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561092
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 Nagar (kallikuppam) 5 To 8th Cross Streets

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GANDHI NAGAR (Kallikuppam) 5 to 8th CROSS STREETS guideline value

The current guideline value for GANDHI NAGAR (Kallikuppam) 5 to 8th CROSS STREETS is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Korattur village and falls under the Villivakkam SRO. The land classification for this area is Residential Class III Type - III.

How the guideline value of GANDHI NAGAR (Kallikuppam) 5 to 8th CROSS STREETS has changed

In the 2012 revision, the guideline value was Rs 1,500 per sq.ft. This represents an increase of 7% to the current value of Rs 1,600 per sq.ft as per the 2024 revision. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

Therefore, the only revisions available are from 2012 to 2024, showing a clear increase from Rs 1,500 to Rs 1,600 per sq.ft. This change indicates a specific upward adjustment in the guideline value for GANDHI NAGAR (Kallikuppam) 5 to 8th CROSS STREETS over the years.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 8,200 per sq.ft. The median value for these streets is Rs 2,500 per sq.ft, placing GANDHI NAGAR (Kallikuppam) 5 to 8th CROSS STREETS below that median.

Stamp duty and registration fee for property in GANDHI NAGAR (Kallikuppam) 5 to 8th CROSS STREETS

For a 1,000 sq.ft plot at the current rate of Rs 1,600 per sq.ft, the guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, totaling Rs 1,44,000. 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 GANDHI NAGAR (Kallikuppam) 5 to 8th CROSS STREETS?

The Sub Registrar Office that covers GANDHI NAGAR (Kallikuppam) 5 to 8th CROSS STREETS is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Korattur, the guideline value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements and to avoid any discrepancies during the registration process. This value serves as a benchmark for property transactions in the area.

Frequently asked questions

What is the current guideline value for GANDHI NAGAR (Kallikuppam) 5 to 8th CROSS STREETS?

The current guideline value for GANDHI NAGAR (Kallikuppam) 5 to 8th CROSS STREETS is Rs 1,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value increased from Rs 1,500 per sq.ft in 2012 to Rs 1,600 per sq.ft in 2024, reflecting a 7% increase. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the land classification for GANDHI NAGAR (Kallikuppam) 5 to 8th CROSS STREETS?

The land classification for GANDHI NAGAR (Kallikuppam) 5 to 8th CROSS STREETS is Residential Class III Type - III. This classification indicates the type of development permitted in the area.

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

The Sub Registrar Office for GANDHI NAGAR (Kallikuppam) 5 to 8th CROSS STREETS is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037. It is also known as the Villivakkam Sub Registrar Office.

How is the stamp duty calculated for properties in GANDHI NAGAR (Kallikuppam) 5 to 8th CROSS STREETS?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,00,000, the stamp duty at 7% would be Rs 1,12,000.