Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Gandhi Nagar - Elango Street

₹4400/sq.ft.

The guideline value for Gandhi Nagar - Elango 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 ₹432 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹395 /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 - Elango Street

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 Nagar - Elango Street guideline value

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

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

The guideline value for Gandhi Nagar - Elango Street has seen several revisions over the years. The earliest recorded figure is Rs 395 per sq.ft from the 2002 revision. This increased to Rs 432 per sq.ft in 2003, marking a growth of 9%. By 2007, the value jumped significantly to Rs 1,250 per sq.ft, reflecting a rise of 189%. The 2012 revision saw a slight decrease, bringing the value back to Rs 4,000 per sq.ft. However, this was followed by a notable increase to Rs 2,680 per sq.ft in 2017, representing a decline of 33% from the previous figure. The guideline value then rose to Rs 4,000 per sq.ft in 2023, before reaching the current value of Rs 4,400 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1,014%. The register has no figures for the years not mentioned in the revisions.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO that carry a 2024 guideline value, ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, which is the same as the current guideline value for Gandhi Nagar - Elango Street.

Stamp duty and registration fee for property in Gandhi Nagar - Elango 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. Together, the total cost for stamp duty and registration fee would be 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 more details.

Which Sub Registrar Office covers Gandhi Nagar - Elango Street?

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

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

The guideline value plays a crucial role during property registration in Saligramam. When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the property is accurately valued for taxation purposes.

Frequently asked questions

What is the current guideline value for Gandhi Nagar - Elango Street?

The current guideline value for Gandhi Nagar - Elango Street is Rs 4,400 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 395 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, marking a significant overall increase of 1,014% over the years.

What is the stamp duty rate for properties in Gandhi Nagar - Elango Street?

The stamp duty for properties in Gandhi Nagar - Elango Street is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Gandhi Nagar - Elango Street located?

The Sub Registrar Office for Gandhi Nagar - Elango Street is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How can I calculate the registration fees for my property?

You can calculate the registration fees for your property using the stamp duty and registration fee calculator available online.