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Guideline Value

Corporate

Guideline Value for GANDHI NAGAR - Kambar Street

₹2750/sq.ft.

The guideline value for Gandhi Nagar - Kambar 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 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹253 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹228 /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 - Kambar Street

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GANDHI NAGAR - Kambar Street guideline value

The current guideline value of GANDHI NAGAR - Kambar Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Virugambakkam village, under the Virugambakkam SRO, and is classified as Residential Class IV Type - II.

How the guideline value of GANDHI NAGAR - Kambar Street has changed

The guideline value for GANDHI NAGAR - Kambar Street has seen several revisions over the years. In 2002, the value was Rs 228 per sq.ft, which increased to Rs 253 per sq.ft in 2003, marking an 11% rise. The value then experienced a significant increase to Rs 500 per sq.ft in 2007, a change of 98%. Following this, the value surged to Rs 2,500 per sq.ft in 2012, reflecting a 400% increase. However, it decreased to Rs 1,675 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 2,500 per sq.ft in 2023, before reaching the current value of Rs 2,750 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1106%. The revisions from 2017 to 2023 and from 2012 to 2017 show notable changes, with a 49% increase and a 33% decrease, respectively. The register has no figures for the years not mentioned above.

Guideline values in Virugambakkam

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

Stamp duty and registration fee for property in GANDHI NAGAR - Kambar 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 to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers GANDHI NAGAR - Kambar Street?

The GANDHI NAGAR - Kambar Street falls under the jurisdiction of 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 a crucial factor when registering a property in Virugambakkam. It serves as a reference for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must consider this value to ensure compliance with legal requirements.

When a property is sold, the guideline value is often used to assess the minimum price at which the property can be registered. This ensures that the transaction reflects the prevailing market conditions as set by the Registration Department.

Frequently asked questions

What is the current guideline value of GANDHI NAGAR - Kambar Street?

The current guideline value of GANDHI NAGAR - Kambar 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 228 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 1106%.

What is the land classification for GANDHI NAGAR - Kambar Street?

GANDHI NAGAR - Kambar Street is classified as 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 is the stamp duty calculated for properties in GANDHI NAGAR - Kambar Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, along with a registration fee of 2% on the guideline value.