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Guideline Value

Corporate

Guideline Value for Gandhi Nagar 2nd Cresent Park Road

₹15400/sq.ft.

The guideline value for Gandhi Nagar 2nd 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 2nd Cresent Park Road

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Gandhi Nagar 2nd Cresent Park Road guideline value

The current guideline value of Gandhi Nagar 2nd Cresent Park Road is Rs 15,400 per sq.ft, effective from 1 July 2024. This road is located in Kottur village and falls under the Adayar SRO, classified as Commercial Class I Type - I.

How the guideline value of Gandhi Nagar 2nd Cresent Park Road has changed

The guideline value for Gandhi Nagar 2nd Cresent Park Road has undergone several revisions over the years. The 2012 revision set the value at Rs 14,000 per sq.ft, which then changed to Rs 9,380 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value significantly increased by 49% to reach Rs 14,000 per sq.ft. The most recent revision in 2024 has seen a further increase of 10%, bringing the current guideline value to Rs 15,400 per sq.ft.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. The overall change from the 2012 revision to the 2024 revision shows an increase of 10% 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. The median guideline value for these streets is Rs 6,100 per sq.ft, and Gandhi Nagar 2nd Cresent Park Road's 2024 figure is above that median.

Stamp duty and registration fee for property in Gandhi Nagar 2nd 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. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gandhi Nagar 2nd Cresent Park Road?

The Sub Registrar Office covering Gandhi Nagar 2nd 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 information.

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

The guideline value plays a crucial role in property transactions in Kottur, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on an official valuation.

Additionally, the guideline value helps maintain transparency in property transactions, providing a standardized reference point for both buyers and sellers. It is important for buyers to be aware of the current guideline value to ensure they are paying a fair price for the property.

Frequently asked questions

What is the current guideline value of Gandhi Nagar 2nd Cresent Park Road?

The current guideline value of Gandhi Nagar 2nd 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 in 2012 to Rs 9,380 in 2017, then increased to Rs 14,000 in 2023, and finally to Rs 15,400 in 2024.

What is the land classification for Gandhi Nagar 2nd Cresent Park Road?

The land classification for Gandhi Nagar 2nd Cresent Park Road is Commercial Class I Type - I.

What is the registration office for this area?

The registration office for Gandhi Nagar 2nd Cresent Park Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 15,400 per sq.ft would incur a stamp duty of Rs 10,78,000.