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Guideline Value

Corporate

Guideline Value for Gandhi Nagar - Agathiyar Street

₹4400/sq.ft.

The guideline value for Gandhi Nagar - Agathiyar Street in Saligramam village (Virugambakkam 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 Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Saligramam

Village

Virugambakkam

SRO

Residential Class II Type - I
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 ₹1250 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹519 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹475 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[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 - Agathiyar Street

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Gandhi Nagar - Agathiyar Street guideline value

The current guideline value of Gandhi Nagar - Agathiyar Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Saligramam village under the Virugambakkam Sub Registrar Office, classified as Residential Class II Type - I.

How the guideline value of Gandhi Nagar - Agathiyar Street has changed

The guideline value for Gandhi Nagar - Agathiyar Street has seen several revisions over the years. In 2002, the value was Rs 475 per sq.ft, which increased to Rs 519 per sq.ft in 2003, marking a change of +9%. The value continued to rise significantly, reaching Rs 1,250 per sq.ft in 2007, a change of +141%. By 2012, the value was Rs 4,000 per sq.ft, reflecting a substantial increase of +220% from the previous revision. However, it then dropped to Rs 2,680 per sq.ft in 2017, a decrease of -33%. The guideline value saw a notable increase to Rs 4,000 per sq.ft in 2023, followed by the current value of Rs 4,400 per sq.ft in 2024, which is a change of +10%.

Overall, from 2002 to 2024, the guideline value has increased by +826%. There are no figures available for the revisions in years not mentioned above.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO, with 2024 guideline values ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median value is Rs 4,400 per sq.ft, which is equal to the current guideline value of Gandhi Nagar - Agathiyar Street.

Stamp duty and registration fee for property in Gandhi Nagar - Agathiyar Street

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, bringing the total fees to 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 also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Gandhi Nagar - Agathiyar Street?

The Sub Registrar Office that covers Gandhi Nagar - Agathiyar Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. For more details, you can find your SRO.

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

The guideline value is a crucial factor in the registration of property transactions in Saligramam. When a property is bought or sold, the guideline value serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on an established value rather than the negotiated sale price.

It is essential for buyers and sellers to be aware of the guideline value as it directly impacts the financial obligations during the registration process. Ensuring compliance with these regulations helps facilitate a smoother transaction.

Frequently asked questions

What is the current guideline value of Gandhi Nagar - Agathiyar Street?

The current guideline value of Gandhi Nagar - Agathiyar Street 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 from Rs 475 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of +826% over the years.

What are the stamp duty and registration fees for properties in this area?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles property registrations for Gandhi Nagar - Agathiyar Street?

The Virugambakkam Sub Registrar Office handles property registrations for Gandhi Nagar - Agathiyar Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the significance of the guideline value in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions, ensuring that these costs are based on an established value for the property.