Guideline Value

Corporate

Guideline Value for GANDHI NAGAR M.P.H. ROAD

₹3030/sq.ft.

The guideline value for Gandhi Nagar M.p.h. Road 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 M.p.h. Road

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Gandhi Nagar M.P.H. Road guideline value

The current guideline value of Gandhi Nagar M.P.H. Road is Rs 3,030 per sq.ft, effective from 1 July 2024. This road is located in Karambakkam village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Gandhi Nagar M.P.H. Road has changed

The guideline value for Gandhi Nagar M.P.H. Road has seen several revisions over the years. In 2012, the guideline value was Rs 2,750 per sq.ft, which decreased to Rs 1,842 per sq.ft in 2017. However, this value significantly increased to Rs 2,750 per sq.ft in 2023, followed by a further increase to Rs 3,030 per sq.ft in 2024, marking a 10% rise from the previous year. The overall change from 2012 to 2024 reflects an increase of 10%.

From 2017 to 2023, the guideline value rose by 49%, while the decrease from 2012 to 2017 was 33%. 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, with a median value of Rs 1,930 per sq.ft. The guideline value of Rs 3,030 per sq.ft for Gandhi Nagar M.P.H. Road is above this median.

Stamp duty and registration fee for property in Gandhi Nagar M.P.H. Road

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, totaling 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 also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gandhi Nagar M.P.H. Road?

The Sub Registrar Office that covers Gandhi Nagar M.P.H. Road 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 during the registration of property transactions in Karambakkam. 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.

When buying or selling property, the guideline value helps in calculating the financial obligations involved in the transaction. Buyers should be aware that the stamp duty and registration fees are based on the guideline value or the sale price, whichever is higher, which can significantly affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Gandhi Nagar M.P.H. Road?

The current guideline value of Gandhi Nagar M.P.H. Road 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 for Gandhi Nagar M.P.H. Road?

The land classification for Gandhi Nagar M.P.H. Road is Residential Class I Type - I.

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

The Sub Registrar Office for Gandhi Nagar M.P.H. Road is 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 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 2,12,100 at 7%.