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Guideline Value

Corporate

Guideline Value for Gandhi Nagar 2nd Cross Street

₹15400/sq.ft.

The guideline value for Gandhi Nagar 2nd 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 ₹1885 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1749 /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 2nd Cross Street

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Gandhi Nagar 2nd Cross Street guideline value

The current guideline value of Gandhi Nagar 2nd 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 2nd Cross Street has changed

The guideline value for Gandhi Nagar 2nd Cross Street has seen several revisions over the years. In 2002, the guideline value was Rs 1,749 per sq.ft. This increased to Rs 1,885 per sq.ft in 2003, reflecting a growth of 8%. The value then rose significantly to Rs 5,000 per sq.ft in 2007, marking a 165% increase. Following this, the value jumped to Rs 14,000 per sq.ft in 2012, which was a remarkable increase of 180%. However, in 2017, the value decreased to Rs 9,380 per sq.ft, a reduction of 33%. The next revision in 2023 saw the value rise again to Rs 14,000 per sq.ft, and the most recent revision in 2024 has set it at Rs 15,400 per sq.ft, representing a 10% increase from the previous year.

There are no figures available for the revisions in the years not mentioned in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 781%.

Guideline values in Kottur

Kottur village has 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 2nd Cross Street is above this median.

Stamp duty and registration fee for property in Gandhi Nagar 2nd Cross Street

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. Together, the total cost for stamp duty and registration fee 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.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gandhi Nagar 2nd Cross Street?

The Sub Registrar Office that covers Gandhi Nagar 2nd Cross Street 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. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold. The value is set by the government and is updated periodically to reflect changes in the real estate market.

When registering a property, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Gandhi Nagar 2nd Cross Street?

The current guideline value of Gandhi Nagar 2nd 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 changed significantly from Rs 1,749 per sq.ft in 2002 to Rs 15,400 per sq.ft in 2024, representing an overall increase of 781% over this period.

What is the stamp duty for a property in Gandhi Nagar 2nd Cross Street?

The stamp duty for a property is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot, this would amount to Rs 10,78,000 based on the current guideline value.

Where can I find the Sub Registrar Office for Gandhi Nagar 2nd Cross Street?

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

How is the guideline value determined for properties in Kottur?

The guideline value is determined by the government and is updated periodically to reflect changes in the real estate market. It is used to calculate stamp duty and registration fees during property transactions.