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Guideline Value

Corporate

Guideline Value for Gandhi Nagar (Shanthi Nagar) Main Road

₹2200/sq.ft.

The guideline value for Gandhi Nagar (shanthi Nagar) Main Road in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madipakkam-1

Village

Velacheri

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 N/A
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.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[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 Nagar (shanthi Nagar) Main Road

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Gandhi Nagar (Shanthi Nagar) Main Road guideline value

The current guideline value of Gandhi Nagar (Shanthi Nagar) Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village, under the Velacheri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Gandhi Nagar (Shanthi Nagar) Main Road has changed

The guideline value register does not provide figures for the years 2002, 2003, 2007, 2012, 2017, and 2023 for Gandhi Nagar (Shanthi Nagar) Main Road. The only available revision is from 2024, which sets the guideline value at Rs 2,200 per sq.ft.

As there are no figures available for the previous years, there are no changes to report between revisions for this street. Therefore, the only current guideline value is from the 2024 revision.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1823 streets under the Velacheri SRO that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value for this area is Rs 2,750 per sq.ft, placing Gandhi Nagar (Shanthi Nagar) Main Road's 2024 figure below that median.

Stamp duty and registration fee for property in Gandhi Nagar (Shanthi Nagar) Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. It is important to note that stamp duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Gandhi Nagar (Shanthi Nagar) Main Road?

The Sub Registrar Office that covers Gandhi Nagar (Shanthi Nagar) Main Road is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is a crucial factor in property transactions in Madipakkam-1, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When purchasing property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transfer of ownership. This ensures that all transactions are transparent and adhere to the established legal framework.

Frequently asked questions

What is the current guideline value of Gandhi Nagar (Shanthi Nagar) Main Road?

The current guideline value of Gandhi Nagar (Shanthi Nagar) Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

What land classification does Gandhi Nagar (Shanthi Nagar) Main Road fall under?

Gandhi Nagar (Shanthi Nagar) Main Road is classified as Residential Class II Type - I.

What are the guideline values for other streets in Madipakkam-1?

Other streets in Madipakkam-1 have varying guideline values, with rates ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value for the area is Rs 2,750 per sq.ft.

How is stamp duty calculated for properties in Gandhi Nagar (Shanthi Nagar) Main Road?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a plot valued at Rs 22,00,000 would incur a stamp duty of Rs 1,54,000.

Where can I find the Sub Registrar Office for Gandhi Nagar (Shanthi Nagar) Main Road?

The Velacheri Sub Registrar Office covers Gandhi Nagar (Shanthi Nagar) Main Road and is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.