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Guideline Value

Corporate

Guideline Value for Gandhi Nagar - Ambethkar Street

₹4400/sq.ft.

The guideline value for Gandhi Nagar - Ambethkar 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 ₹577 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹528 /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 - Ambethkar Street

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Gandhi Nagar - Ambethkar Street guideline value

The current guideline value of Gandhi Nagar - Ambethkar Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Saligramam village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class II Type - I.

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

The guideline value for Gandhi Nagar - Ambethkar Street has seen several revisions over the years. In the 2002 revision, the value was Rs 528 per sq.ft, which increased to Rs 577 per sq.ft in 2003. The value then rose significantly to Rs 1,250 per sq.ft in 2007, and further increased to Rs 4,000 per sq.ft in 2012. However, there was a decrease to Rs 2,680 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 4,000 per sq.ft, and the most recent 2024 revision has set the value at Rs 4,400 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 733%. The changes between the revisions indicate fluctuations, with the most notable increase being from Rs 1,250 per sq.ft in 2007 to Rs 4,000 per sq.ft in 2012, which was a rise of 220%. There are no figures available for any revisions prior to 2002 or after 2024 for this street.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO, with a 2024 guideline value range from Rs 2,750 to Rs 13,200 per sq.ft. The median value is Rs 4,400 per sq.ft, which matches the current guideline value for Gandhi Nagar - Ambethkar Street.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees to Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Gandhi Nagar - Ambethkar Street?

The Sub Registrar Office that covers Gandhi Nagar - Ambethkar Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. For more information, 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 during the registration process when buying or selling property in Saligramam. It serves as a reference point for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is in compliance with local regulations.

When a property transaction occurs, the guideline value is used to assess the applicable charges, which are based on the higher of the guideline value or the sale price. This ensures transparency and fairness in property dealings within the region.

Frequently asked questions

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

The current guideline value of Gandhi Nagar - Ambethkar 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 multiple times, with the most recent increase from Rs 4,000 per sq.ft in 2023 to Rs 4,400 per sq.ft in 2024, which is a 10% increase.

What is the land classification for Gandhi Nagar - Ambethkar Street?

The land classification for Gandhi Nagar - Ambethkar Street is Residential Class II Type - I.

Where is the Virugambakkam Sub Registrar Office located?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 44,00,000, the stamp duty at 7% would be Rs 3,08,000.