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Guideline Value

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Guideline Value for GANDHI NAGAR - Selliamman Koil Street

₹2750/sq.ft.

The guideline value for Gandhi Nagar - Selliamman 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 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹354 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
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 - Selliamman Koil Street

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GANDHI NAGAR - Selliamman Koil Street guideline value

The current guideline value of GANDHI NAGAR - Selliamman Koil 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 - Selliamman Koil Street has changed

The guideline value for GANDHI NAGAR - Selliamman Koil Street has seen significant changes over the years. In the 2003 revision, the guideline value was Rs 354 per sq.ft. This increased to Rs 500 per sq.ft in 2007, marking a substantial rise of 41%. The value then surged to Rs 2,500 per sq.ft in 2012, reflecting a remarkable increase of 400%. However, it decreased to Rs 1,675 per sq.ft in 2017, which was a drop of 33%. The value increased again to Rs 2,500 per sq.ft in 2023, followed by a further increase to the current rate of Rs 2,750 per sq.ft in 2024, which is a rise of 10%.

It is important to note that the register has no figure for this street in 2002. Overall, from 2003 to 2024, the guideline value has increased by 677%.

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. The median guideline value in this area is Rs 4,400 per sq.ft, indicating that the guideline value for GANDHI NAGAR - Selliamman Koil Street is below the median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

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

The GANDHI NAGAR - Selliamman Koil 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Virugambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during the registration of property.

When a property is sold, the guideline value is compared to the sale price. The higher of the two amounts is used to calculate the applicable stamp duty and registration fees, ensuring that the government receives the correct revenue from property transactions.

Frequently asked questions

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

The current guideline value of GANDHI NAGAR - Selliamman 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 354 per sq.ft in 2003 to Rs 2,750 per sq.ft in 2024, showing an overall increase of 677% over the years.

What is the land classification of GANDHI NAGAR - Selliamman Koil Street?

GANDHI NAGAR - Selliamman Koil Street is classified as Residential Class IV Type - II.

Where can I find the Sub Registrar Office for GANDHI NAGAR - Selliamman Koil Street?

The Sub Registrar Office covering GANDHI NAGAR - Selliamman Koil Street is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in GANDHI NAGAR?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 at a rate of 7%.