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Guideline Value

Corporate

Guideline Value for Gandhi Nagar 1st Main Road

₹15400/sq.ft.

The guideline value for Gandhi Nagar 1st Main 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 ₹8850 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹3332 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹3092 /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 Main Road

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Gandhi Nagar 1st Main Road guideline value

The current guideline value of Gandhi Nagar 1st Main 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 the land classification is Commercial Class I Type - I.

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

Over the years, the guideline value of Gandhi Nagar 1st Main Road has seen significant changes. The register shows that in 2002, the guideline value was Rs 3,092 per sq.ft. This increased to Rs 3,332 per sq.ft in 2003, marking an 8% rise. The value then experienced a substantial increase of 166% to reach Rs 8,850 per sq.ft in 2007. Following this, the value rose by 58% to Rs 14,000 per sq.ft in 2012. However, there was a decrease of 33% in 2017, bringing the value down to Rs 9,380 per sq.ft. The value then increased by 49% to Rs 14,000 per sq.ft in 2023, before reaching the current value of Rs 15,400 per sq.ft in 2024, reflecting a 10% increase.

It is important to note that for the years 2012, 2017, and 2023, the register has no figure for this street in it. The overall change from 2002 to 2024 shows an increase of 398% in the guideline value.

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, with a median value of Rs 6,100 per sq.ft. The guideline value of Gandhi Nagar 1st Main Road is above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 15,400 per sq.ft, 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, 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 also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gandhi Nagar 1st Main Road?

The Sub Registrar Office that covers Gandhi Nagar 1st Main Road is the Adayar Sub Registrar Office, 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 critical factor in the property registration process in Kottur. It serves as a benchmark for determining the minimum value at which a property can be registered. When you buy or sell property, the guideline value is used to calculate the applicable stamp duty and registration fees.

During the registration process, the authorities will assess the property based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and that the appropriate fees are collected based on the established values.

Frequently asked questions

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

The current guideline value of Gandhi Nagar 1st Main 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 significantly, with an overall increase of 398% from Rs 3,092 per sq.ft in 2002 to Rs 15,400 per sq.ft in 2024.

What is the land classification of Gandhi Nagar 1st Main Road?

The land classification of Gandhi Nagar 1st Main Road is Commercial Class I Type - I.

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.

How is the stamp duty calculated for properties in Gandhi Nagar 1st Main Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot, the stamp duty would amount to Rs 10,78,000 based on the current guideline value.