Guideline Value

Corporate

Guideline Value for GANDHI ROAD 2ND LANE

₹770/sq.ft.

The guideline value for Gandhi Road 2nd Lane in Tiruttani village (Thiruttani SRO, Chennai zone) is Rs 770 per sq.ft, effective 1 July 2024. It was Rs 700 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Tiruttani

Village

Thiruttani

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹770 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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)

No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209
044-27881504
[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 Road 2nd Lane

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Gandhi Road 2nd Lane guideline value

The current guideline value of Gandhi Road 2nd Lane is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Tiruttani village, under the Thiruttani SRO, and falls under the Residential Class IV Type - I land classification.

How the guideline value of Gandhi Road 2nd Lane has changed

The guideline value for Gandhi Road 2nd Lane has seen significant changes over the years. The most recent revision in 2024 set the value at Rs 770 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 700 per sq.ft. Prior to that, the 2017 revision listed the value at Rs 469 per sq.ft, showing a substantial increase of 49% to 2023, and an overall increase of 64% from 2017 to 2024.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street. The guideline value has evolved significantly, reflecting changes in the local real estate landscape.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that carry a 2024 guideline value, ranging from Rs 548 to Rs 1,540 per sq.ft. The median value among these streets is Rs 825 per sq.ft, making the guideline value of Gandhi Road 2nd Lane below that median.

Stamp duty and registration fee for property in Gandhi Road 2nd Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400. Together, the total cost for these fees would be Rs 69,300. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Gandhi Road 2nd Lane?

The Sub Registrar Office that covers Gandhi Road 2nd Lane is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Tiruttani. When you buy or sell property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. These fees are calculated based on the guideline value or the sale price, whichever is higher.

This ensures that the government receives appropriate revenue from property transactions, and it helps maintain transparency in the real estate market. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Gandhi Road 2nd Lane?

The current guideline value of Gandhi Road 2nd Lane is Rs 770 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 770 per sq.ft in 2024, showing an overall increase of 64% over this period.

What are the stamp duty and registration fees for property in Gandhi Road 2nd Lane?

For a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900 and the registration fee would be Rs 15,400, totaling Rs 69,300.

Which Sub Registrar Office is responsible for Gandhi Road 2nd Lane?

The Thiruttani Sub Registrar Office is responsible for Gandhi Road 2nd Lane, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.

Where can I find more information about guideline values in Tiruttani?

More information about guideline values in Tiruttani can be found in the registration department's guideline value register (TNReginet) and through the Thiruttani SRO.