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Guideline Value

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Guideline Value for GANDHI NAGAR 1 TO 3 MAIN ROAD

₹2530/sq.ft.

The guideline value for Gandhi Nagar 1 To 3 Main Road in S. Kullathur village (Pallavaram SRO, Chengalpattu zone) is Rs 2530 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 27% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

S. Kullathur

Village

Pallavaram

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹2530 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1541 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2300 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Gandhi Nagar 1 To 3 Main Road

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Gandhi Nagar 1 To 3 Main Road guideline value

The current guideline value for Gandhi Nagar 1 To 3 Main Road is Rs 2,530 per sq.ft, effective from 1 July 2024. This property is located in S. Kullathur village and falls under the Pallavaram SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Gandhi Nagar 1 To 3 Main Road has changed

Over the years, the guideline value for Gandhi Nagar 1 To 3 Main Road has seen several revisions. The most recent revision in 2024 set the value at Rs 2,530 per sq.ft, which is an increase from Rs 2,000 per sq.ft in 2023, representing a change of +27%. Prior to that, in 2017, the value was Rs 1,541 per sq.ft, indicating a rise of +30% from the 2017 figure to 2023. The 2012 revision recorded a value of Rs 2,300 per sq.ft, which was a decrease of -33% from the 2012 to 2017 period. Overall, from 2012 to 2024, the guideline value has increased by +10%.

The register has no figures for the years 2002, 2003, and 2007 for this street. The 2012 revision was Rs 2,300 per sq.ft, followed by Rs 1,541 per sq.ft in 2017, and then Rs 2,000 per sq.ft in 2023, culminating in the current rate of Rs 2,530 per sq.ft in 2024.

Guideline values in S. Kullathur

S. Kullathur has a total of 71 streets under the Pallavaram SRO that have a 2024 guideline value ranging from Rs 1,320 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 2,750 per sq.ft, placing the 2024 figure for Gandhi Nagar 1 To 3 Main Road below the median.

Stamp duty and registration fee for property in Gandhi Nagar 1 To 3 Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty, calculated at 7%, would amount to Rs 1,77,100, while the registration fee at 2% would be Rs 50,600. Together, the total charges would be Rs 2,27,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gandhi Nagar 1 To 3 Main Road?

The Sub Registrar Office that covers Gandhi Nagar 1 To 3 Main Road is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in S. Kullathur

The guideline value is a crucial factor in the registration process when buying or selling property in S. Kullathur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the sale price reflects the prevailing market conditions.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Gandhi Nagar 1 To 3 Main Road?

The current guideline value for Gandhi Nagar 1 To 3 Main Road is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for this street has changed from Rs 2,300 per sq.ft in 2012 to Rs 1,541 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,530 per sq.ft in 2024.

What is the land classification for Gandhi Nagar 1 To 3 Main Road?

The land classification for Gandhi Nagar 1 To 3 Main Road is Residential Class I Type - II.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Gandhi Nagar 1 To 3 Main Road is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How do stamp duty and registration fees work in S. Kullathur?

Stamp duty and registration fees in S. Kullathur are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the appropriate fees are paid during the property registration process.