Guideline Value

Corporate

Guideline Value for Gandhi Market

₹4400/sq.ft.

The guideline value for Gandhi Market in Parangimalai village (Chennai South Joint Ii 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 I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Parangimalai

Village

Chennai South Joint II

SRO

Residential Class I Type - II
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 ₹1800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹667 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹533 /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
044-29510538
[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 Market

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 Market guideline value

The current guideline value of Gandhi Market, located in Parangimalai village, is Rs 4,400 per sq.ft, effective from 1 July 2024. This area falls under the Chennai South Joint II SRO and is classified as Residential Class I Type - II.

How the guideline value of Gandhi Market has changed

The guideline value for Gandhi Market has seen significant changes over the years. In the 2002 revision, the value was Rs 533 per sq.ft. This increased to Rs 667 per sq.ft in 2003, marking a 25% rise. The value continued to climb, reaching Rs 1,800 per sq.ft in 2007, which was a substantial 170% increase from the previous figure. By 2012, the value was Rs 4,000 per sq.ft, reflecting a 122% increase from 2007. However, it then decreased by 33% to Rs 2,680 per sq.ft in 2017.

From 2017 to 2023, the guideline value rose significantly by 49% to Rs 4,000 per sq.ft. The latest revision in 2024 set the value at Rs 4,400 per sq.ft, a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 726%. There are no figures available for the years not listed in the register for this street.

Guideline values in Parangimalai

In Parangimalai, there are 233 streets under the Chennai South Joint II SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 11,000 per sq.ft, with a median value of Rs 3,850 per sq.ft. The guideline value for Gandhi Market is above this median.

Stamp duty and registration fee for property in Gandhi Market

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

Which Sub Registrar Office covers Gandhi Market?

The Sub Registrar Office that covers Gandhi Market is the Chennai South Joint II 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 Parangimalai

The guideline value is a critical factor during property registration in Parangimalai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which is essential for accurate budgeting during the transaction.

Frequently asked questions

What is the current guideline value of Gandhi Market?

The current guideline value of Gandhi Market 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 533 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, showing an overall increase of 726% over this period.

What is the stamp duty rate for property in Gandhi Market?

The stamp duty rate for property in Gandhi Market is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Gandhi Market located?

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

What is the land classification of Gandhi Market?

Gandhi Market is classified as Residential Class I Type - II, indicating its suitability for residential development.