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Guideline Value

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Guideline Value for GANDHI NAGAR - Gangaiyamman Koil Street

₹2750/sq.ft.

The guideline value for Gandhi Nagar - Gangaiyamman Koil Street in Virugambakkam village (Virugambakkam SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Virugambakkam

Village

Virugambakkam

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹489 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹441 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[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 Gandhi Nagar - Gangaiyamman Koil Street

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GANDHI NAGAR - Gangaiyamman Koil Street guideline value

The current guideline value for GANDHI NAGAR - Gangaiyamman Koil Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Virugambakkam village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of GANDHI NAGAR - Gangaiyamman Koil Street has changed

The guideline value for GANDHI NAGAR - Gangaiyamman Koil Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 441 per sq.ft. This increased to Rs 489 per sq.ft in 2003, marking an 11% rise. The value continued to rise significantly, reaching Rs 1,100 per sq.ft in 2007, which was a 125% increase from the previous revision. By 2012, the value adjusted to Rs 2,500 per sq.ft, showing a 127% increase from 2007. However, there was a decrease to Rs 1,675 per sq.ft in 2017, reflecting a 33% drop.

In 2023, the guideline value rose to Rs 2,500 per sq.ft, and then increased by 10% to reach the current value of Rs 2,750 per sq.ft in 2024. Overall, from 2002 to 2024, the guideline value has increased by 524%. The register has no figures for the years not mentioned in this summary.

Guideline values in Virugambakkam

In Virugambakkam, there are 391 streets under the Virugambakkam SRO with a 2024 guideline value ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, indicating that GANDHI NAGAR - Gangaiyamman Koil Street's 2024 figure is below this median.

Stamp duty and registration fee for property in GANDHI NAGAR - Gangaiyamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total fees together to Rs 2,47,500. It is important to 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 details.

Which Sub Registrar Office covers GANDHI NAGAR - Gangaiyamman Koil Street?

The Sub Registrar Office that covers GANDHI NAGAR - Gangaiyamman Koil Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Virugambakkam. It serves as a reference point for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees, which are mandatory for completing the registration process. This ensures that all transactions are conducted in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value for GANDHI NAGAR - Gangaiyamman Koil Street?

The current guideline value for GANDHI NAGAR - Gangaiyamman Koil Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 441 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 524% over this period.

What is the land classification for GANDHI NAGAR - Gangaiyamman Koil Street?

The land classification for GANDHI NAGAR - Gangaiyamman Koil Street is Residential Class IV Type - II.

Where can I find the Virugambakkam Sub Registrar Office?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total fee of Rs 2,47,500.