Guideline Value for Gandhi Mandabam Road

Gandhi Mandabam Road guideline value

The current guideline value of Gandhi Mandabam Road is Rs 11,000 per sq.ft, effective from 1 July 2024. This road is located in Adayar village, under the Adayar SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Gandhi Mandabam Road has changed

In the 2007 revision, the guideline value was Rs 9,000 per sq.ft. This increased to Rs 10,000 per sq.ft in the 2012 revision, marking an increase of 11%. However, in the 2017 revision, the value decreased to Rs 6,700 per sq.ft, a significant drop of 33%. Following this, the value rose sharply to Rs 10,000 per sq.ft in 2023, reflecting a 49% increase. The latest revision in 2024 sees the guideline value at Rs 11,000 per sq.ft, which is a 10% increase from the previous year.

The register has no figure for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 22%.

Guideline values in Adayar

Adayar village has a total of 92 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median value for these streets is Rs 6,100 per sq.ft, and Gandhi Mandabam Road is above this median.

• Ferri Road: Rs 9,400 per sq.ft (2024)
• E W S Quarters Kotturpuram: Rs 6,100 per sq.ft (2024)
• Cresent Road: Rs 9,400 per sq.ft (2024)
• Cresent Park Road: Rs 9,400 per sq.ft (2024)
• Circular Road: Rs 6,600 per sq.ft (2024)
• Chitra Nagar: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Gandhi Mandabam Road

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value is Rs 1,10,00,000. The stamp duty at 7% would be Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, together amounting to Rs 9,90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gandhi Mandabam Road?

The Sub Registrar Office that covers Gandhi Mandabam Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is an important factor in the registration process when buying or selling property in Adayar. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the authorities will assess the guideline value to ensure that the transaction reflects the correct value for tax purposes. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Gandhi Mandabam Road?

The current guideline value of Gandhi Mandabam Road is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 9,000 per sq.ft in 2007 to Rs 11,000 per sq.ft in 2024, reflecting an overall increase of 22% over the years.

What is the registration office for Gandhi Mandabam Road?

The registration office for Gandhi Mandabam Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is stamp duty calculated on properties in Adayar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 1,10,00,000, the stamp duty at 7% would be Rs 7,70,000.

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

Other streets in Adayar include Ferri Road at Rs 9,400 per sq.ft, E W S Quarters Kotturpuram at Rs 6,100 per sq.ft, and Circular Road at Rs 6,600 per sq.ft, among others.