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Guideline Value

Corporate

Guideline Value for GANDHI NAGAR BHARATHI STREET

₹3030/sq.ft.

The guideline value for Gandhi Nagar Bharathi 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 Bharathi Street

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Gandhi Nagar Bharathi Street guideline value

The current guideline value of Gandhi Nagar Bharathi 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 with a land classification of Residential Class I Type - I.

How the guideline value of Gandhi Nagar Bharathi Street has changed

The guideline value for Gandhi Nagar Bharathi 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 value increased significantly to Rs 2,750 per sq.ft in the 2023 revision and further rose to Rs 3,030 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Between the 2017 and 2023 revisions, there was a substantial increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that the register has no 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 in this area is Rs 1,930 per sq.ft, positioning Gandhi Nagar Bharathi Street above this median value.

Stamp duty and registration fee for property in Gandhi Nagar Bharathi Street

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 amount to Rs 2,12,100, and the registration fee at 2% would be Rs 60,600. Together, these fees would total Rs 2,72,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gandhi Nagar Bharathi Street?

The Sub Registrar Office that covers Gandhi Nagar Bharathi 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 plays a crucial role in property transactions in Karambakkam. It is used to determine the stamp duty and registration fees payable at the time of property registration. Buyers and sellers must be aware of the current guideline value to ensure accurate financial planning during the transaction process.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Gandhi Nagar Bharathi Street?

The current guideline value of Gandhi Nagar Bharathi 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. The overall change from 2012 to 2024 is an increase of 10%.

What is the median guideline value for streets in Karambakkam?

The median guideline value for streets in Karambakkam is Rs 1,930 per sq.ft. Gandhi Nagar Bharathi Street's 2024 value is above this median.

What are the stamp duty and registration fees for a property in Gandhi Nagar Bharathi Street?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 30,30,000. The stamp duty would be Rs 2,12,100 and the registration fee would be Rs 60,600, totaling Rs 2,72,700.

Which Sub Registrar Office covers the area of Gandhi Nagar Bharathi Street?

The Chennai South Joint I Sub Registrar Office covers Gandhi Nagar Bharathi Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.