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Guideline Value

Corporate

Guideline Value for Gandhi Nagar 2nd Main Road

₹15400/sq.ft.

The guideline value for Gandhi Nagar 2nd 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 ₹10900 /sq.ft.
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 Main Road

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Gandhi Nagar 2nd Main Road guideline value

The current guideline value of Gandhi Nagar 2nd Main Road is Rs 15,400 per sq.ft. This road 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 Main Road has changed

The guideline value for Gandhi Nagar 2nd Main Road has undergone several revisions over the years. In 2007, the value was Rs 10,900 per sq.ft, which increased to Rs 14,000 per sq.ft in 2012. However, there was a decrease in 2017, with the value dropping to Rs 9,380 per sq.ft. This was followed by a significant increase to Rs 14,000 per sq.ft in 2023, and the latest revision in 2024 set the value at Rs 15,400 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value saw a remarkable increase of 49%. The overall change from 2007 to 2024 reflects a 41% increase. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kottur

In Kottur village, 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 value for these streets is Rs 6,100 per sq.ft, placing the 2024 guideline value of Gandhi Nagar 2nd Main Road above this median.

Stamp duty and registration fee for property in Gandhi Nagar 2nd 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 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. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Gandhi Nagar 2nd Main Road?

The Sub Registrar Office that covers Gandhi Nagar 2nd 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 crucial factor in the registration process of property transactions in Kottur. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must be aware that the guideline value can influence the overall cost of property transactions.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and fairly. It is essential for both parties to understand the guideline value to avoid disputes during the registration process.

Frequently asked questions

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

The current guideline value of Gandhi Nagar 2nd Main Road is Rs 15,400 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has seen several changes, increasing from Rs 10,900 per sq.ft in 2007 to Rs 15,400 per sq.ft in 2024, with notable fluctuations in between.

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

Gandhi Nagar 2nd Main Road is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

Where can I find the Sub Registrar Office for this area?

The Adayar Sub Registrar Office, which covers Gandhi Nagar 2nd Main Road, is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is the stamp duty calculated for properties in Kottur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. In Kottur, the current rate is 7% for stamp duty and 2% for the registration fee.