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Guideline Value

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Guideline Value for GANDHI NAGAR 1ST STREET (WARD -3)

₹990/sq.ft.

The guideline value for Gandhi Nagar 1st Street (ward -3) in Kattankollatur village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 990 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Kattankollatur

Village

Chengleput Joint II

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹990 /sq.ft.
From 1-4-2023 ₹900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹603 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹900 /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)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Gandhi Nagar 1st Street (ward -3)

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Gandhi Nagar 1st Street (Ward -3) guideline value

The current guideline value of Gandhi Nagar 1st Street (Ward -3) is Rs 990 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Gandhi Nagar 1st Street (Ward -3) has changed

In the 2012 revision, the guideline value was Rs 900 per sq.ft. This figure remained the same in the following revision in 2017, where it was Rs 603 per sq.ft, reflecting a decrease of 33%. The 2023 revision saw a significant increase to Rs 900 per sq.ft, followed by a further increase to Rs 990 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The revisions for the years 2002, 2003, and 2007 have no figures available for this street.

Guideline values in Kattankollatur

In Kattankollatur, there are 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, indicating that the 2024 figure for Gandhi Nagar 1st Street is below this median.

Stamp duty and registration fee for property in Gandhi Nagar 1st Street (Ward -3)

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, totaling Rs 89,100. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gandhi Nagar 1st Street (Ward -3)?

The Sub Registrar Office that covers Gandhi Nagar 1st Street (Ward -3) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Kattankollatur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When purchasing property, the guideline value affects the stamp duty and registration fees, which are calculated based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Gandhi Nagar 1st Street (Ward -3)?

The current guideline value of Gandhi Nagar 1st Street (Ward -3) is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, from Rs 900 per sq.ft in 2012 to Rs 990 per sq.ft in 2024, with significant increases noted in the revisions of 2023 and 2024.

What other streets in Kattankollatur have the same guideline value?

Other streets in Kattankollatur with the same guideline value of Rs 990 per sq.ft in 2024 include Gandhi Nagar 2nd Street, Gandhi Nagar 3rd Street, Gandhi Nagar 4th Street, Gandhi Nagar 5th Street, and Gandhi Nagar 6th Street.

Where can I find the Sub Registrar Office for Gandhi Nagar 1st Street?

The Sub Registrar Office for Gandhi Nagar 1st Street (Ward -3) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for property in Gandhi Nagar 1st Street?

Stamp duty for property in Gandhi Nagar 1st Street is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.