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Guideline Value

Corporate

Guideline Value for GANDHI ROAD(GANDHI NAGAR)

₹5830/sq.ft.

The guideline value for Gandhi Road(gandhi Nagar) in Government Farm village (Chennai South Joint I SRO, Chennai zone) is Rs 5830 per sq.ft, effective 1 July 2024. It was Rs 5300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Government Farm

Village

Chennai South Joint I

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹5830 /sq.ft.
From 1-4-2023 ₹5300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3551 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1020 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹903 /sq.ft.
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 Road(gandhi Nagar)

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Gandhi Road(Gandhi Nagar) guideline value

The current guideline value of Gandhi Road (Gandhi Nagar) is Rs 5,830 per sq.ft, effective from 1 July 2024. This street is located in the Government farm village under the Chennai South Joint I SRO, and it falls under the Residential Class III Type - I land classification.

How the guideline value of Gandhi Road(Gandhi Nagar) has changed

The guideline value for Gandhi Road (Gandhi Nagar) has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 903 per sq.ft. In 2003, it increased to Rs 1,020 per sq.ft, marking a change of +13%. The subsequent revisions saw significant increases, with the 2007 revision at Rs 2,500 per sq.ft (+145%), followed by the 2012 revision which saw a decrease to Rs 5,300 per sq.ft (-33%). The 2017 revision raised it to Rs 3,551 per sq.ft (+49%), and in 2023, it further increased to Rs 5,300 per sq.ft. Finally, the latest 2024 revision set the guideline value at Rs 5,830 per sq.ft, reflecting a +10% change from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +546%. There are no figures available for the years not mentioned for this street in the register.

Guideline values in Government farm

The Government farm village has 35 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 3,850 to Rs 15,400 per sq.ft, with a median value of Rs 8,250 per sq.ft. The guideline value for Gandhi Road (Gandhi Nagar) is below this median.

Stamp duty and registration fee for property in Gandhi Road(Gandhi Nagar)

For a 1,000 sq.ft plot at the current rate of Rs 5,830 per sq.ft, the guideline value amounts to Rs 58,30,000. The stamp duty at 7% would be Rs 4,08,100, while the registration fee at 2% would be Rs 1,16,600. Together, the total cost for stamp duty and registration fees would be Rs 5,24,700. 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 details.

Which Sub Registrar Office covers Gandhi Road(Gandhi Nagar)?

The Sub Registrar Office that covers Gandhi Road (Gandhi Nagar) 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 Government farm

The guideline value is a crucial factor in the property registration process. It serves as the basis for calculating the stamp duty and registration fees that are payable when a property is bought or sold. The guideline value ensures that the government receives appropriate revenue based on the value of the property being transferred.

When registering a property, buyers and sellers must refer to the guideline value to determine the applicable fees. It is essential to be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used to calculate the stamp duty.

Frequently asked questions

What is the current guideline value of Gandhi Road(Gandhi Nagar)?

The current guideline value of Gandhi Road (Gandhi Nagar) is Rs 5,830 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 903 per sq.ft in 2002 to Rs 5,830 per sq.ft in 2024, reflecting an overall increase of +546% over the years.

What is the land classification for Gandhi Road(Gandhi Nagar)?

Gandhi Road (Gandhi Nagar) falls under the Residential Class III Type - I land classification.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 58,30,000, the stamp duty would be Rs 4,08,100 and the registration fee would be Rs 1,16,600, totaling Rs 5,24,700.

Where can I find the Sub Registrar Office for Gandhi Road(Gandhi Nagar)?

The Sub Registrar Office for Gandhi Road (Gandhi Nagar) is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.