Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for GANDHI NAGAR AMMAN KOIL STREET

₹3030/sq.ft.

The guideline value for Gandhi Nagar Amman Koil Street 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 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)

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 Amman Koil Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Gandhi Nagar Amman Koil Street guideline value

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

How the guideline value of Gandhi Nagar Amman Koil Street has changed

The guideline value for Gandhi Nagar Amman Koil Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,750 per sq.ft, which was then reduced to Rs 1,842 per sq.ft in the 2017 revision. Following this, the 2023 revision brought the value back up to Rs 2,750 per sq.ft, and the most recent 2024 revision has increased it to Rs 3,030 per sq.ft.

Analyzing the changes, the guideline value increased by 49% from 2017 to 2023 and then by 10% from 2023 to 2024. The overall change from the 2012 revision to the 2024 revision is a 10% increase. The register does not provide figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Karambakkam

In Karambakkam, there are 159 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 1,930 per sq.ft, positioning Gandhi Nagar Amman Koil Street above this median.

Stamp duty and registration fee for property in Gandhi Nagar Amman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,030 per sq.ft, the total guideline value amounts to 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, leading to a total of Rs 2,72,700. Note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gandhi Nagar Amman Koil Street?

The Sub Registrar Office that covers Gandhi Nagar Amman Koil Street 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 a critical factor when buying or selling property in Karambakkam. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must ensure that the sale price is at least equal to the guideline value to avoid any legal complications during registration. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value for Gandhi Nagar Amman Koil Street?

The current guideline value for Gandhi Nagar Amman Koil Street 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 from Rs 2,750 per sq.ft in 2012 to Rs 1,842 per sq.ft in 2017, then back to Rs 2,750 per sq.ft in 2023, and finally to Rs 3,030 per sq.ft in 2024.

What is the land classification of Gandhi Nagar Amman Koil Street?

Gandhi Nagar Amman Koil Street is classified as Residential Class I Type - I.

Where can I find the registration office for this street?

The registration office for Gandhi Nagar Amman Koil Street 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 this area?

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