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Guideline Value

Corporate

Guideline Value for GANDHI NAGAR /MAIN ROAD

₹3030/sq.ft.

The guideline value for Gandhi Nagar /main Road in Karambakkam village (Chennai South Joint I SRO, Chennai zone) is Rs 3030 per sq.ft, effective 1 July 2024. It was Rs 2750 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Karambakkam

Village

Chennai South Joint I

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3030 /sq.ft.
From 1-4-2023 ₹2750 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1842 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2750 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹281 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹244 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[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 /main Road

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Gandhi Nagar /Main Road guideline value

The current guideline value of Gandhi Nagar /Main Road in Karambakkam village is Rs 3,030 per sq.ft, effective from 1 July 2024. This property falls under the Chennai South Joint I SRO and is classified as Residential Class I Type - I.

How the guideline value of Gandhi Nagar /Main Road has changed

The guideline value for Gandhi Nagar /Main Road has seen significant changes over the years. In 2002, the value was Rs 244 per sq.ft, which increased to Rs 281 per sq.ft in 2003. The value then rose to Rs 500 per sq.ft in 2007, followed by a substantial jump to Rs 2,750 per sq.ft in 2012. However, there was a decrease to Rs 1,842 per sq.ft in 2017. The value then increased to Rs 2,750 per sq.ft in 2023, before reaching the current figure of Rs 3,030 per sq.ft in 2024.

Notable changes include a 10% increase from 2023 to 2024, a 49% increase from 2017 to 2023, and a 450% increase from 2007 to 2012. The overall change from 2002 to 2024 is an increase of 1,142%.

Guideline values in Karambakkam

In Karambakkam, there are 159 streets under the Chennai South Joint I SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median value for these streets is Rs 1,930 per sq.ft, placing the guideline value of Rs 3,030 per sq.ft for Gandhi Nagar /Main Road above this median.

Stamp duty and registration fee for property in Gandhi Nagar /Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,030 per sq.ft, the total guideline value would be Rs 30,30,000. The stamp duty at 7% would be Rs 2,12,100, and the registration fee at 2% would be Rs 60,600, making the total cost for stamp duty and registration Rs 2,72,700. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gandhi Nagar /Main Road?

The Sub Registrar Office that covers Gandhi Nagar /Main Road is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process for property transactions in Karambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When registering a property, buyers and sellers must consider the guideline value, as it influences the overall cost of the transaction. The stamp duty is calculated based on the higher of the guideline value and the sale price, ensuring that the appropriate fees are collected during the registration process.

Frequently asked questions

What is the current guideline value of Gandhi Nagar /Main Road?

The current guideline value of Gandhi Nagar /Main Road is Rs 3,030 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 244 per sq.ft in 2002 to Rs 3,030 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for Gandhi Nagar /Main Road?

Gandhi Nagar /Main Road is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for Gandhi Nagar /Main Road?

The Sub Registrar Office for Gandhi Nagar /Main Road is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is stamp duty calculated for properties in Gandhi Nagar /Main Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, for a property valued at Rs 30,30,000, the stamp duty at 7% would be Rs 2,12,100.