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Guideline Value

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Guideline Value for GANDHI NAGAR 3RD STREET (WARD -3)

₹990/sq.ft.

The guideline value for Gandhi Nagar 3rd 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 3rd Street (ward -3)

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Gandhi Nagar 3rd Street (Ward -3) guideline value

The current guideline value of Gandhi Nagar 3rd 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 3rd Street (Ward -3) has changed

The guideline value for Gandhi Nagar 3rd Street has undergone several revisions over the years. The earliest available figure is from 2012, where the value was Rs 900 per sq.ft. This was followed by a decrease to Rs 603 per sq.ft in 2017, representing a decline of 33%. In 2023, the value increased to Rs 900 per sq.ft, and in the latest 2024 revision, it further increased to Rs 990 per sq.ft, marking a 10% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Kattankollatur

Kattankollatur village has a total of 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 in this village is Rs 1,100 per sq.ft, indicating that the 2024 figure for Gandhi Nagar 3rd Street is below this median.

Stamp duty and registration fee for property in Gandhi Nagar 3rd 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 would be Rs 9,90,000. The stamp duty is charged at 7%, amounting to Rs 69,300, while the registration fee is at 2%, totaling Rs 19,800. Therefore, the combined cost for stamp duty and registration fee would be Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Gandhi Nagar 3rd 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 a critical factor during the registration of property transactions in Kattankollatur. 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 based on this value.

When buying or selling property, it is essential to be aware of the guideline value as it impacts the overall cost of the transaction. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any legal issues during registration.

Frequently asked questions

What is the current guideline value for Gandhi Nagar 3rd Street (Ward -3)?

The current guideline value for Gandhi Nagar 3rd 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 changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then back to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the land classification for Gandhi Nagar 3rd Street?

The land classification for Gandhi Nagar 3rd Street is Residential Class I Type - II.

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

The Sub Registrar Office covering Gandhi Nagar 3rd Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300.