Guideline Value

Corporate

Guideline Value for Gandhi Nagar 2nd Main Road

₹15400/sq.ft.

The guideline value for Gandhi Nagar 2nd 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 ₹10900 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹2310 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1922 /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 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, effective from 1 July 2024. This street is located in Urur 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 seen significant changes over the years. In 2002, the guideline value was Rs 1,922 per sq.ft, which increased to Rs 2,310 per sq.ft in 2003, marking a 20% rise. The value continued to climb dramatically, reaching Rs 10,900 per sq.ft in 2007, an increase of 372%. However, between 2007 and 2012, the value dropped to Rs 14,000 per sq.ft, a decrease of 33%. The value remained the same until 2017 when it was revised to Rs 9,380 per sq.ft, a decline of 33% from the previous figure.

From 2017 to 2023, the guideline value rose significantly to Rs 14,000 per sq.ft, reflecting a 49% increase. The most recent revision in 2024 set the guideline value at Rs 15,400 per sq.ft, marking a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 701%.

Guideline values in Urur

In Urur village, there are 176 streets under the Adayar SRO with a 2024 guideline value ranging from Rs 4,400 to Rs 15,400 per sq.ft, with a median value of Rs 6,600 per sq.ft. The guideline value for Gandhi Nagar 2nd Main Road is 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. Please note that the 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 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Urur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the duty is charged based on the higher amount. This ensures that the government receives the appropriate fees based on the property’s assessed value.

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, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased significantly from Rs 1,922 per sq.ft in 2002 to Rs 15,400 per sq.ft in 2024, reflecting an overall increase of 701%.

What are the other streets in Urur with similar guideline values?

Other streets in Urur with a guideline value of Rs 15,400 per sq.ft include Gandhi Nagar 1st Main Road, Gandhi Nagar 3rd Main Road, and Gandhi Nagar 4th Main Road.

How is the stamp duty calculated for properties in Gandhi Nagar 2nd Main Road?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 1,54,00,000 would incur a stamp duty of Rs 10,78,000.

Where can I find the Sub Registrar Office for Gandhi Nagar 2nd Main Road?

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