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Guideline Value

Corporate

Guideline Value for Gandhi Nagar 1st Cresent Park Road

₹15400/sq.ft.

The guideline value for Gandhi Nagar 1st Cresent Park Road in Kottur village (Adayar SRO, Chennai zone) is Rs 15400 per sq.ft, effective 1 July 2024. It was Rs 14000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kottur

Village

Adayar

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹15400 /sq.ft.
From 1-4-2023 ₹14000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹9380 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹14000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.161(71/6), L.b Road (dr.muthulakshmi Salai) Tnhb Building,third Floor,thiruvanmiyur,chennai-600041
044-24415011
[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 1st Cresent Park Road

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Gandhi Nagar 1st Cresent Park Road guideline value

The current guideline value of Gandhi Nagar 1st Cresent Park Road is Rs 15,400 per sq.ft, effective from 1 July 2024. This road is located in Kottur village, under the Adayar SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Gandhi Nagar 1st Cresent Park Road has changed

In the 2012 revision, the guideline value was Rs 14,000 per sq.ft. This figure then decreased to Rs 9,380 per sq.ft in the 2017 revision, reflecting a drop of 33%. However, from 2017 to 2023, the value increased significantly to Rs 14,000 per sq.ft, marking a rise of 49%. The most recent revision in 2024 has set the value at Rs 15,400 per sq.ft, which is an increase of 10% from the previous year.

It is important to note that there are no figures available for the revisions of 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Kottur

In Kottur, there are 114 streets under the Adayar SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median value for these streets is Rs 6,100 per sq.ft, placing Gandhi Nagar 1st Cresent Park Road above that median.

Stamp duty and registration fee for property in Gandhi Nagar 1st Cresent Park Road

For a 1,000 sq.ft plot at the current guideline value of Rs 15,400 per sq.ft, the total guideline value amounts to Rs 1,54,00,000. The stamp duty at 7% would be Rs 10,78,000, and the registration fee at 2% would be Rs 3,08,000, bringing the total to Rs 13,86,000. It is important to note that the 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 information.

Which Sub Registrar Office covers Gandhi Nagar 1st Cresent Park Road?

The Sub Registrar Office that covers Gandhi Nagar 1st Cresent Park Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration process of property transactions in Kottur. It is used to determine the stamp duty and registration fees payable, ensuring that these costs are based on the official valuation set by the registration department.

When buying or selling property, the guideline value provides a standard reference point for both parties involved in the transaction. This helps in maintaining transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Gandhi Nagar 1st Cresent Park Road?

The current guideline value of Gandhi Nagar 1st Cresent Park Road is Rs 15,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 14,000 per sq.ft in 2012 to Rs 9,380 per sq.ft in 2017, then increased to Rs 14,000 per sq.ft in 2023, and finally to Rs 15,400 per sq.ft in 2024.

What is the land classification for Gandhi Nagar 1st Cresent Park Road?

Gandhi Nagar 1st Cresent Park Road is classified as Commercial Class I Type - I.

Where is the Adayar Sub Registrar Office located?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is stamp duty calculated for properties in Kottur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate for stamp duty is 7% of the guideline value.