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Guideline Value

Corporate

Guideline Value for Gandhi Mandabam Road

₹11000/sq.ft.

The guideline value for Gandhi Mandabam Road in Kottur village (Adayar SRO, Chennai zone) is Rs 11000 per sq.ft, effective 1 July 2024. It was Rs 10000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kottur

Village

Adayar

SRO

Commercial Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹11000 /sq.ft.
From 1-4-2023 ₹10000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹6700 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹10000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹9000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹2488 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹2309 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.161(71/6), L.b Road (dr.muthulakshmi Salai) Tnhb Building,third Floor,thiruvanmiyur,chennai-600041
044-24415011
[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 Mandabam Road

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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 Kottur village under the Adayar SRO, classified as Commercial Class I Type - III.

How the guideline value of Gandhi Mandabam Road has changed

The guideline value for Gandhi Mandabam Road has seen several revisions over the years. The earliest recorded figure is from 2002, where the guideline value was Rs 2,309 per sq.ft. This increased significantly to Rs 2,488 per sq.ft in 2003, marking an 8% rise. Following this, the value surged to Rs 9,000 per sq.ft in 2007, reflecting a substantial increase of 262%. The 2012 revision set the value at Rs 10,000 per sq.ft, which was a slight increase of 11% from the previous figure. However, the 2017 revision saw a decrease to Rs 6,700 per sq.ft, a drop of 33% from 2012. The guideline value rebounded to Rs 10,000 per sq.ft in 2023, and the latest revision in 2024 has set it at Rs 11,000 per sq.ft, representing a 10% increase from the previous year.

Guideline values in Kottur

Kottur village features 114 streets under the Adayar SRO, with guideline values ranging from Rs 3,300 to Rs 15,400 per sq.ft in 2024. The median guideline value in Kottur is Rs 6,100 per sq.ft, placing Gandhi Mandabam Road above this median.

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 amounts to 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, bringing the total fees 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.

You can use our stamp duty and registration fee calculator for more details.

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 Kottur

The guideline value is a crucial factor in property transactions in Kottur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that must be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations and to accurately assess the costs involved in the transaction.

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 2,309 per sq.ft in 2002 to Rs 11,000 per sq.ft in 2024, reflecting an overall increase of 376% over the years.

What is the registration fee for property in Gandhi Mandabam Road?

The registration fee is calculated at 2% of the guideline value, which means for a property valued at Rs 1,10,00,000, the registration fee would be Rs 2,20,000.

Where is the Adayar Sub Registrar Office located?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is stamp duty calculated for properties in Kottur?

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