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

Guideline Value

Corporate

Guideline Value for GANDHI STREET 2 LANE

₹4400/sq.ft.

The guideline value for Gandhi Street 2 Lane in Mambalam village (Thiyagaraya Nagar SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mambalam

Village

Thiyagaraya Nagar

SRO

Residential Class III Type - III
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹779 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹702 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

27/14,vetnari Hospital Road Panpet Nandhanam Chennai-35
044-24340958
[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 Street 2 Lane

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 Street 2 Lane guideline value

The current guideline value of Gandhi Street 2 Lane is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Mambalam village, under the Thiyagaraya nagar SRO, and is classified as Residential Class III Type - III.

How the guideline value of Gandhi Street 2 Lane has changed

The guideline value for Gandhi Street 2 Lane has undergone several revisions over the years. The earliest recorded value in 2002 was Rs 702 per sq.ft, which increased to Rs 779 per sq.ft in 2003, marking an increase of 11%. The value then rose by 28% to Rs 1,000 per sq.ft in 2007. Following this, there was a significant jump of 300% to Rs 4,000 per sq.ft in 2012. However, the value decreased by 33% to Rs 2,680 per sq.ft in 2017, before rising again to Rs 4,000 per sq.ft in 2023, and finally reaching Rs 4,400 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 527%. There are no figures available for the revisions in years other than those listed above.

Guideline values in Mambalam

In Mambalam, there are 163 streets under the Thiyagaraya nagar SRO that carry a 2024 guideline value ranging from Rs 4,400 to Rs 22,000 per sq.ft, with a median value of Rs 6,600 per sq.ft. The guideline value of Gandhi Street 2 Lane is below this median.

Stamp duty and registration fee for property in Gandhi Street 2 Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gandhi Street 2 Lane?

The Sub Registrar Office that covers Gandhi Street 2 Lane is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Mambalam. It serves as a reference point for calculating stamp duty and registration fees, which are essential components of the property transaction process.

When you buy or sell a property, the guideline value ensures that the transaction is recorded at a fair value, providing a basis for tax calculations. It is important to be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Gandhi Street 2 Lane?

The current guideline value of Gandhi Street 2 Lane is Rs 4,400 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 702 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 527% over this period.

What is the median guideline value in Mambalam?

The median guideline value in Mambalam is Rs 6,600 per sq.ft, with Gandhi Street 2 Lane's value being below this median.

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

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Where can I find the Sub Registrar Office for Gandhi Street 2 Lane?

The Thiyagaraya nagar Sub Registrar Office is located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35, and you can find more information online.