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Guideline Value

Corporate

Guideline Value for Gandhi Nagar 1st Cross Street

₹15400/sq.ft.

The guideline value for Gandhi Nagar 1st Cross Street 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 ₹5000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1263 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1172 /sq.ft.
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 Cross Street

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Gandhi Nagar 1st Cross Street guideline value

The current guideline value of Gandhi Nagar 1st Cross Street is Rs 15,400 per sq.ft, effective from 1 July 2024. This street 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 Cross Street has changed

In the 2002 revision, the guideline value was Rs 1,172 per sq.ft. This increased to Rs 1,263 per sq.ft in 2003, marking an increase of 8%. The value saw a significant rise to Rs 5,000 per sq.ft in 2007, which was a 296% increase. In 2012, the value adjusted to Rs 14,000 per sq.ft, reflecting a decrease of 33% from the previous revision. The 2017 revision set the value at Rs 9,380 per sq.ft, which was a 49% increase from 2012. The most recent revision in 2023 raised the guideline value to Rs 14,000 per sq.ft, and the upcoming 2024 revision will set it at Rs 15,400 per sq.ft, an increase of 10%.

Overall, from 2002 to 2024, the guideline value has increased by 1214%. There are no figures available for revisions in the years not listed above for this street.

Guideline values in Kottur

Kottur village has 114 streets under the Adayar SRO with a 2024 guideline value range from Rs 3,300 to Rs 15,400 per sq.ft. The median guideline value for these streets is Rs 6,100 per sq.ft, placing Gandhi Nagar 1st Cross Street above this median.

Stamp duty and registration fee for property in Gandhi Nagar 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 1,54,00,000. The stamp duty at 7% would amount to Rs 10,78,000, and the registration fee at 2% would be Rs 3,08,000, resulting in a total of 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 details.

Which Sub Registrar Office covers Gandhi Nagar 1st Cross Street?

The Adayar Sub Registrar Office covers Gandhi Nagar 1st Cross Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kottur. It serves as a benchmark for determining the minimum value of a property for registration purposes. When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees.

During the registration process, the buyer must pay stamp duty based on the higher amount between the guideline value and the sale price. This ensures that the government receives the appropriate revenue from property transactions, reflecting the established guideline values.

Frequently asked questions

What is the current guideline value of Gandhi Nagar 1st Cross Street?

The current guideline value of Gandhi Nagar 1st Cross Street 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 seen significant changes, increasing from Rs 1,172 per sq.ft in 2002 to Rs 15,400 per sq.ft in 2024. Notable revisions include a 296% increase from 2003 to 2007 and a 10% increase from 2023 to 2024.

What is the land classification for Gandhi Nagar 1st Cross Street?

Gandhi Nagar 1st Cross Street is classified as Commercial Class I Type - I. This classification affects the guideline value and property transactions in the area.

Where can I find the Adayar Sub Registrar Office?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. This office handles registrations for properties in the area.

How is stamp duty calculated for properties in Kottur?

Stamp duty for properties in Kottur is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 1,54,00,000, the stamp duty at 7% would be Rs 10,78,000.