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Guideline Value

Corporate

Guideline Value for Gandhi Nagar - Kaveri Street

₹4400/sq.ft.

The guideline value for Gandhi Nagar - Kaveri 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 ₹733 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹671 /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 - Kaveri Street

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Gandhi Nagar - Kaveri Street guideline value

The current guideline value of Gandhi Nagar - Kaveri 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 - Kaveri Street has changed

The guideline value for Gandhi Nagar - Kaveri Street has seen significant changes over the years. In 2002, the value was Rs 671 per sq.ft, which increased to Rs 733 per sq.ft in 2003, marking a 9% rise. The value then rose to Rs 1,250 per sq.ft in 2007, reflecting a 71% increase. Following this, the guideline value surged to Rs 4,000 per sq.ft in 2012, a substantial increase of 220%. However, it dropped to Rs 2,680 per sq.ft in 2017, a decrease of 33%. The value then climbed to Rs 4,000 per sq.ft in 2023, before reaching the current figure of Rs 4,400 per sq.ft in 2024, which is a 10% increase from the previous year.

Throughout these revisions, there are no figures available for the years not explicitly mentioned in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 556%.

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 guideline value is Rs 4,400 per sq.ft, which is equal to the current value of Gandhi Nagar - Kaveri Street.

Stamp duty and registration fee for property in Gandhi Nagar - Kaveri 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 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 use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gandhi Nagar - Kaveri Street?

The Sub Registrar Office that covers Gandhi Nagar - Kaveri 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

When buying or selling property in Saligramam, the guideline value plays a crucial role in determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the state receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the guideline value as it directly affects the overall cost of the transaction. Understanding these values can help in making informed decisions during the buying or selling process.

Frequently asked questions

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

The current guideline value of Gandhi Nagar - Kaveri 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, increasing from Rs 671 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, which is an overall increase of 556%.

What is the stamp duty for property in Gandhi Nagar - Kaveri Street?

The stamp duty for property in Gandhi Nagar - Kaveri Street is 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, this amounts to Rs 3,08,000.

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

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

How does the guideline value affect property transactions?

The guideline value affects property transactions by determining the stamp duty and registration fees. Buyers and sellers must consider this value to understand the total cost involved in the transaction.