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

Guideline Value

Corporate

Guideline value, street

Guideline Value for Gandhi Nagar Co-Opearative Society(Sholinganallur Co - Op Maha Nagar

₹2800/sq.ft.effective 1 July 2024

Chennai zone Chemmancheri village Neelankarai SRO Residential Class Ii Type - I

The guideline value for Gandhi Nagar Co-opearative Society(sholinganallur Co - Op Maha Nagar in Chemmancheri village (Neelankarai SRO, Chennai zone) is Rs 2800 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 12% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

History
Period Guideline Value
From 1-7-2024 ₹2800 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1500 /sq.ft.
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)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[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 Co-opearative Society(sholinganallur Co - Op Maha Nagar

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 Co-Opearative Society(Sholinganallur Co - Op Maha Nagar guideline value

The current guideline value for Gandhi Nagar Co-Opearative Society (Sholinganallur Co - Op Maha Nagar) is Rs 2,800 per sq.ft, effective from 1 July 2024. This area falls under Chemmancheri village, governed by the Neelankarai SRO, and is classified as Residential Class II Type - I.

How the guideline value of Gandhi Nagar Co-Opearative Society(Sholinganallur Co - Op Maha Nagar has changed

The guideline value for this locality has undergone several revisions over the years. In 2007, the guideline value was Rs 1,500 per sq.ft, which increased to Rs 2,500 per sq.ft in 2012. However, it saw a significant drop to Rs 1,675 per sq.ft in 2017. The value then rose sharply to Rs 2,500 per sq.ft in 2023, and currently stands at Rs 2,800 per sq.ft from the 2024 revision. Notably, there are no figures available for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%, and there was a further increase of 12% from 2023 to 2024. The overall change from 2007 to 2024 reflects an increase of 87% in the guideline value.

Guideline values in Chemmancheri

In Chemmancheri, there are 195 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 1,700 per sq.ft, making the 2024 figure for Gandhi Nagar Co-Opearative Society above this median.

Stamp duty and registration fee for property in Gandhi Nagar Co-Opearative Society(Sholinganallur Co - Op Maha Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty, charged at 7%, would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total to Rs 2,52,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Gandhi Nagar Co-Opearative Society(Sholinganallur Co - Op Maha Nagar?

The Sub Registrar Office that covers Gandhi Nagar Co-Opearative Society is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for additional assistance.

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

The guideline value plays a crucial role during the registration process of property transactions in Chemmancheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is important to note that the stamp duty is calculated on the higher of the guideline value or the sale price. This ensures that the transaction is recorded accurately and legally, protecting the interests of all parties involved.

Frequently asked questions

What is the current guideline value for Gandhi Nagar Co-Opearative Society?

The current guideline value for Gandhi Nagar Co-Opearative Society is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2007 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 87%.

What is the stamp duty for property in Gandhi Nagar Co-Opearative Society?

The stamp duty for property in Gandhi Nagar Co-Opearative Society is charged at 7% of the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers this area?

The Neelankarai Sub Registrar Office covers Gandhi Nagar Co-Opearative Society, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the median guideline value in Chemmancheri?

The median guideline value for streets in Chemmancheri is Rs 1,700 per sq.ft, with Gandhi Nagar Co-Opearative Society's 2024 figure being above this median.