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Guideline Value

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Guideline Value for GANDHI NAGAR - Thamayanthi Street

₹2750/sq.ft.

The guideline value for Gandhi Nagar - Thamayanthi 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 - Thamayanthi Street

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GANDHI NAGAR - Thamayanthi Street guideline value

The current guideline value of GANDHI NAGAR - Thamayanthi 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 - Thamayanthi Street has changed

The guideline value for GANDHI NAGAR - Thamayanthi Street has seen significant changes 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 rose to Rs 500 per sq.ft in 2007, a substantial increase of 98%. Following this, the 2012 revision set the value at Rs 2,500 per sq.ft, reflecting a remarkable 400% increase from the previous figure.

From 2012 to 2017, the guideline value decreased to Rs 1,675 per sq.ft, a decline of 33%. However, the value rebounded 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. Overall, from 2002 to 2024, the guideline value has increased by 1,106%.

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. The guideline value for GANDHI NAGAR - Thamayanthi Street is below this median.

Stamp duty and registration fee for property in GANDHI NAGAR - Thamayanthi 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 cost for these fees 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 our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers GANDHI NAGAR - Thamayanthi Street?

The GANDHI NAGAR - Thamayanthi 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 plays a crucial role in the registration process when buying or selling property in Virugambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When a buyer or seller engages in a transaction, the guideline value is used to calculate the applicable fees. If the sale price is higher than the guideline value, the fees will be based on the sale price instead.

Frequently asked questions

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

The current guideline value of GANDHI NAGAR - Thamayanthi 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, marking an overall increase of 1,106%.

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

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

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

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

How is stamp duty calculated for properties in GANDHI NAGAR - Thamayanthi Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value incurs a total stamp duty of Rs 1,92,500.