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Guideline Value

Corporate

Guideline Value for GANDHI STREET ATHUKKAL THERUKENAR VARAI

₹878/sq.ft.

The guideline value for Gandhi Street Athukkal Therukenar Varai in Chembarambakkam village (Poonamallee SRO, Chennai zone) is Rs 878 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 - V. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Chembarambakkam

Village

Poonamallee

SRO

Residential Class I Type - V
History
Period Guideline Value
From 1-7-2024 ₹878 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
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.332 U + 9cc Malma Nagar Poonallee Chennai - 600056
044-26494966
[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 Street Athukkal Therukenar Varai

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Gandhi Street Athukkal Therukenar Varai guideline value

The current guideline value of Gandhi Street Athukkal Therukenar Varai is Rs 878 per sq.ft, effective from 1 July 2024. This street is located in Chembarambakkam village, under the Poonamallee SRO, and is classified as Residential Class I Type - V.

How the guideline value of Gandhi Street Athukkal Therukenar Varai has changed

The guideline value for Gandhi Street Athukkal Therukenar Varai has undergone several revisions. The register has no figure for the years 2002, 2003, 2007, 2012, and 2017. However, in the 2023 revision, the guideline value was set at Rs 800 per sq.ft, which increased to Rs 878 per sq.ft in the 2024 revision, reflecting a change of +10%.

Prior to the 2023 revision, there were no recorded figures for the street in the years mentioned. The most recent revision indicates a current guideline value that is reflective of the area's classification and market conditions.

Guideline values in Chembarambakkam

In Chembarambakkam, there are 64 streets under the Poonamallee SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 4,000 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, placing Gandhi Street Athukkal Therukenar Varai's 2024 figure below that median.

Stamp duty and registration fee for property in Gandhi Street Athukkal Therukenar Varai

For a 1,000 sq.ft plot at the current guideline value of Rs 878 per sq.ft, the total guideline value would be Rs 8,78,000. The stamp duty would be calculated at 7%, amounting to Rs 61,460, and the registration fee at 2% would be Rs 17,560, bringing the total fees together to Rs 79,020. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating your fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gandhi Street Athukkal Therukenar Varai?

The Sub Registrar Office that covers Gandhi Street Athukkal Therukenar Varai is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for additional assistance.

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

The guideline value is a crucial factor when buying or selling property in Chembarambakkam, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction.

When a property is sold, the guideline value serves as a benchmark for the sale price. If the sale price is higher than the guideline value, the duty is charged on the sale price, which may lead to higher fees for the buyer.

Frequently asked questions

What is the current guideline value of Gandhi Street Athukkal Therukenar Varai?

The current guideline value of Gandhi Street Athukkal Therukenar Varai is Rs 878 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 2023 to Rs 878 per sq.ft in 2024, reflecting a +10% increase. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Gandhi Street Athukkal Therukenar Varai?

Gandhi Street Athukkal Therukenar Varai is classified as Residential Class I Type - V. This classification is significant in determining the guideline value for the area.

What is the registration office for this street?

The registration office for Gandhi Street Athukkal Therukenar Varai is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

How is stamp duty calculated for properties in this area?

Stamp duty for properties in Gandhi Street Athukkal Therukenar Varai is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applied to the guideline value.