Guideline Value

Corporate

Guideline Value for GANDHI NAGAR

₹880/sq.ft.

The guideline value for Gandhi Nagar in Attanthangal village (Redhills SRO, Chennai zone) is Rs 880 per sq.ft, effective 1 July 2024. It was Rs 800 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

Attanthangal

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹880 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /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)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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

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Gandhi Nagar guideline value

The current guideline value of Gandhi Nagar, located in Attanthangal village under the Redhills SRO, is Rs 880 per sq.ft. This value is effective from the 2024 revision, which came into effect on 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Gandhi Nagar has changed

Over the years, the guideline value of Gandhi Nagar has seen several revisions. The 2012 revision recorded a value of Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 800 per sq.ft in the 2023 revision, and finally to Rs 880 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. It is important to note that the register has no figures for this street for the years 2002, 2003, and 2007.

From 2012 to 2024, the overall change in guideline value is an increase of 10%. The most significant change was observed from 2017 to 2023, where the value rose by 49%. The fluctuation from 2012 to 2017 was a decrease of 33%, reflecting the variability in property values over the years.

Guideline values in Attanthangal

In Attanthangal, there are 80 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 880 per sq.ft. The median value for these streets is Rs 880 per sq.ft, which is equal to the current guideline value of Gandhi Nagar.

Stamp duty and registration fee for property in Gandhi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total fees to Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gandhi Nagar?

The Sub Registrar Office that covers Gandhi Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Attanthangal, as it determines the official value of a property for registration purposes. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid.

It is crucial for buyers and sellers to be aware of the guideline value, as it ensures that the transaction is registered at a value recognized by the government. This helps in maintaining transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Gandhi Nagar?

The current guideline value of Gandhi Nagar is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What are the other streets in Attanthangal with their guideline values?

Other streets in Attanthangal include Gandhi Memorial Nagar at Rs 440 per sq.ft, Eswari Nagar at Rs 880 per sq.ft, Gopalapuram Nagar, Jai Nagar, Jothi Nagar, and Jothipasu Nagar, all at Rs 550 per sq.ft for 2024.

What is the registration office for Gandhi Nagar?

The registration office for Gandhi Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for property in Gandhi Nagar?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a plot of 1,000 sq.ft at the current guideline value, the total stamp duty would be Rs 61,600.