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Guideline Value

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Guideline Value for Gandhi Nagar - Anjaneya Cottage 1st Street

₹4400/sq.ft.

The guideline value for Gandhi Nagar - Anjaneya Cottage 1st 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 ₹559 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹512 /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 - Anjaneya Cottage 1st Street

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Gandhi Nagar - Anjaneya Cottage 1st Street guideline value

The current guideline value for Gandhi Nagar - Anjaneya Cottage 1st Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Saligramam village, under the Virugambakkam SRO, and is classified as Residential Class II Type - I.

How the guideline value of Gandhi Nagar - Anjaneya Cottage 1st Street has changed

The guideline value for Gandhi Nagar - Anjaneya Cottage 1st Street has seen significant changes over the years. Starting from Rs 512 per sq.ft in 2002, it increased to Rs 559 per sq.ft in 2003. The value then rose to Rs 1,250 per sq.ft in 2007, marking a substantial increase of 124%. Further, it jumped to Rs 4,000 per sq.ft in 2012, reflecting a notable increase of 220%. However, it dropped to Rs 2,680 per sq.ft in 2017, a decrease of 33%. The value then increased to Rs 4,000 per sq.ft in 2023, before reaching the current value of Rs 4,400 per sq.ft in 2024, which is a 10% increase from the previous year.

There are no figures available for the revisions in the years not listed above. Overall, from 2002 to 2024, the guideline value has increased by 759%.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, which is equal to the current value for Gandhi Nagar - Anjaneya Cottage 1st Street.

Stamp duty and registration fee for property in Gandhi Nagar - Anjaneya Cottage 1st 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. Together, the total cost for stamp duty and registration would be Rs 3,96,000. Duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Gandhi Nagar - Anjaneya Cottage 1st Street?

The Sub Registrar Office covering Gandhi Nagar - Anjaneya Cottage 1st Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property in Saligramam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. It is crucial for both buyers and sellers to be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Gandhi Nagar - Anjaneya Cottage 1st Street?

The current guideline value of Gandhi Nagar - Anjaneya Cottage 1st 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 significantly, starting from Rs 512 per sq.ft in 2002 and reaching Rs 4,400 per sq.ft in 2024. The highest increase occurred from 2007 to 2012, with a rise of 220%.

What is the land classification for this street?

The land classification for Gandhi Nagar - Anjaneya Cottage 1st Street is Residential Class II Type - I. This classification affects the guideline value and the applicable regulations for property transactions.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Gandhi Nagar - Anjaneya Cottage 1st Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for property transactions?

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