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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 Urur 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

Urur

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 ₹10000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹3625 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹2500 /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 street is located in Urur village under the Adayar SRO, and it is classified as Commercial Class I Type - I.

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

The guideline value for Gandhi Nagar 1st Main Road has undergone several revisions over the years. In 2002, the value was Rs 2,500 per sq.ft, which increased to Rs 3,625 per sq.ft in 2003, marking a 45% rise. The value continued to climb significantly, reaching Rs 10,000 per sq.ft in 2007, a 176% increase from the previous revision. By 2012, the value was Rs 14,000 per sq.ft, representing a 40% increase from 2007. However, it dropped to Rs 9,380 per sq.ft in 2017, indicating a 33% decrease.

From 2017 to 2023, the guideline value saw a substantial increase to Rs 14,000 per sq.ft, which is a 49% rise. The most recent revision in 2024 set the value at Rs 15,400 per sq.ft, reflecting a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has risen by 516%.

Guideline values in Urur

In Urur village, there are 176 streets under the Adayar SRO that carry a 2024 guideline value, ranging from Rs 4,400 to Rs 15,400 per sq.ft. The median value for these streets is Rs 6,600 per sq.ft, placing Gandhi Nagar 1st Main Road 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, while the registration fee at 2% would be Rs 3,08,000. Together, the total cost for stamp duty and registration would be Rs 13,86,000. It is important to note that 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 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 details.

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

The guideline value is a crucial factor when buying or selling property in Urur. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately. Buyers and sellers must consider this value to understand the costs associated with property transactions.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline value.

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 from Rs 2,500 per sq.ft in 2002 to Rs 15,400 per sq.ft in 2024, reflecting an overall increase of 516% over this period.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 1,54,00,000, the stamp duty would be Rs 10,78,000 and the registration fee would be Rs 3,08,000, totaling Rs 13,86,000.

Which office handles property registrations for Gandhi Nagar 1st Main Road?

The Adayar Sub Registrar Office is responsible for handling property registrations for Gandhi Nagar 1st Main Road, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum registration value of a property and is essential for calculating stamp duty and registration fees during property transactions.