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Guideline Value

Corporate

Guideline Value for Gandhi Nagar 3rd Cresent Park Road

₹15400/sq.ft.

The guideline value for Gandhi Nagar 3rd 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 3rd Cresent Park Road

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Gandhi Nagar 3rd Cresent Park Road guideline value

The current guideline value of Gandhi Nagar 3rd Cresent Park Road is Rs 15,400 per sq.ft, effective from 1 July 2024. This street is located in Kottur village and falls under the Adayar SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Gandhi Nagar 3rd Cresent Park Road has changed

The guideline value for Gandhi Nagar 3rd Cresent Park Road has seen several revisions over the years. In the 2012 revision, the value was set at Rs 14,000 per sq.ft. This figure decreased to Rs 9,380 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 14,000 per sq.ft, representing a 49% rise. The latest revision in 2024 set the guideline value at Rs 15,400 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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. Gandhi Nagar 3rd Cresent Park Road's 2024 figure is above this median.

Stamp duty and registration fee for property in Gandhi Nagar 3rd 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 would be Rs 1,54,00,000. The stamp duty at 7% would amount to Rs 10,78,000, and the registration fee at 2% would be Rs 3,08,000, bringing the total fees 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 3rd Cresent Park Road?

The Adayar Sub Registrar Office covers Gandhi Nagar 3rd Cresent Park Road, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Kottur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of a property.

When you buy or sell a property, the guideline value is used to calculate the applicable duties, ensuring that the transaction is compliant with the regulations set forth by the Registration Department. It is essential for buyers and sellers to be aware of the current guideline values to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Gandhi Nagar 3rd Cresent Park Road?

The current guideline value of Gandhi Nagar 3rd 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 per sq.ft in 2012 to Rs 9,380 per sq.ft in 2017, then back to Rs 14,000 per sq.ft in 2023, and finally to Rs 15,400 per sq.ft in 2024.

What is the land classification for Gandhi Nagar 3rd Cresent Park Road?

The land classification for Gandhi Nagar 3rd Cresent Park Road is Commercial Class I Type - I.

Where can I find the Adayar Sub Registrar Office?

The Adayar Sub Registrar Office 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 guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,54,00,000, the stamp duty would be Rs 10,78,000 at the rate of 7%.