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Guideline Value

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Guideline Value for GANDHI NAGAR (M.T.H.ROAD NORTHERN SIDE)

₹1625/sq.ft.

The guideline value for Gandhi Nagar (m.t.h.road Northern Side) in Vilingiyambakkam village (Avadi SRO, Chennai zone) is Rs 1625 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vilingiyambakkam

Village

Avadi

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹1625 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
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)

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 Nagar (m.t.h.road Northern Side)

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Gandhi Nagar (M.T.H.Road Northern Side) guideline value

The current guideline value of Gandhi Nagar (M.T.H.Road Northern Side) is Rs 1,625 per sq.ft, effective from 1 July 2024. This property is located in Vilingiyambakkam village and falls under the Avadi SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Gandhi Nagar (M.T.H.Road Northern Side) has changed

The guideline value for Gandhi Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,500 per sq.ft in the 2023 revision and further rose to Rs 1,625 per sq.ft in the 2024 revision, marking an 8% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but the overall change from 2012 to 2024 shows an increase of 8%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that have a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft, with a median value of Rs 935 per sq.ft. The guideline value of Rs 1,625 per sq.ft for Gandhi Nagar (M.T.H.Road Northern Side) is above this median.

Stamp duty and registration fee for property in Gandhi Nagar (M.T.H.Road Northern Side)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,625 per sq.ft, the total guideline value amounts to Rs 16,25,000. The stamp duty at 7% would be Rs 1,13,750, and the registration fee at 2% would be Rs 32,500, bringing the total fees to Rs 1,46,250. Please note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Gandhi Nagar (M.T.H.Road Northern Side)?

The Sub Registrar Office that covers Gandhi Nagar (M.T.H.Road Northern Side) is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vilingiyambakkam. It determines the minimum price at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must ensure that the sale price is at least equal to the guideline value to avoid any legal issues during registration. The registration office will refer to the guideline value to assess the appropriate fees based on the property's classification and location.

Frequently asked questions

What is the current guideline value of Gandhi Nagar (M.T.H.Road Northern Side)?

The current guideline value of Gandhi Nagar (M.T.H.Road Northern Side) is Rs 1,625 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,625 per sq.ft in 2024.

What is the land classification for Gandhi Nagar?

The land classification for Gandhi Nagar (M.T.H.Road Northern Side) is Residential Special Type - II.

What are the stamp duty and registration fees for a property in Gandhi Nagar?

For a 1,000 sq.ft plot, the total stamp duty would be Rs 1,13,750 and the registration fee would be Rs 32,500, totaling Rs 1,46,250 based on the current guideline value.

Which office handles property registrations for Gandhi Nagar?

The Avadi Sub Registrar Office handles property registrations for Gandhi Nagar (M.T.H.Road Northern Side), located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.