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Guideline Value

Corporate

Guideline Value for Gandhi Nagar - Kamarajar Street

₹4400/sq.ft.

The guideline value for Gandhi Nagar - Kamarajar 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 ₹796 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹729 /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 - Kamarajar Street

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Gandhi Nagar - Kamarajar Street guideline value

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

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

The guideline value for Gandhi Nagar - Kamarajar Street has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 729 per sq.ft, which increased to Rs 796 per sq.ft in 2003. The following revision in 2007 saw a significant jump to Rs 1,250 per sq.ft, and by 2012, it rose to Rs 4,000 per sq.ft. However, the 2017 revision marked a decrease to Rs 2,680 per sq.ft, before increasing again to Rs 4,000 per sq.ft in 2023. The latest revision in 2024 set the value at Rs 4,400 per sq.ft, marking a 10% increase from the previous year.

In summary, the changes between revisions show a +9% increase from 2002 to 2003, a +57% increase from 2003 to 2007, a +220% increase from 2007 to 2012, a -33% decrease from 2012 to 2017, a +49% increase from 2017 to 2023, and a +10% increase from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by 504%.

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 for these streets is Rs 4,400 per sq.ft, which is equal to the 2024 figure for Gandhi Nagar - Kamarajar Street.

Stamp duty and registration fee for property in Gandhi Nagar - Kamarajar 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 cost for these 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.

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

Which Sub Registrar Office covers Gandhi Nagar - Kamarajar Street?

The Sub Registrar Office that covers Gandhi Nagar - Kamarajar Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, you can visit 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 process when buying or selling property in Saligramam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the fees are aligned with the official valuation of the property.

Frequently asked questions

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

The current guideline value of Gandhi Nagar - Kamarajar 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 from Rs 729 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 504% over the years.

What is the registration office for Gandhi Nagar - Kamarajar Street?

The registration office for Gandhi Nagar - Kamarajar 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 properties in this area?

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

Where can I find more information about stamp duty and registration fees?

More information about stamp duty and registration fees can be found using the stamp duty and registration fee calculator.