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Guideline Value

Corporate

Guideline Value for Gandhi Nagar 3rd Cross Street

₹15400/sq.ft.

The guideline value for Gandhi Nagar 3rd 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 ₹2311 /sq.ft.
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 Cross Street

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Gandhi Nagar 3rd Cross Street guideline value

The current guideline value of Gandhi Nagar 3rd 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 it falls under the Commercial Class I Type - I land classification.

How the guideline value of Gandhi Nagar 3rd Cross Street has changed

The guideline value for Gandhi Nagar 3rd Cross Street has seen significant changes over the years. In 2003, the guideline value was Rs 2,311 per sq.ft. This increased to Rs 5,000 per sq.ft in 2007, marking a rise of 116%. The value then jumped to Rs 14,000 per sq.ft in 2012, reflecting a substantial increase of 180%. However, it dropped to Rs 9,380 per sq.ft in 2017, a decrease of 33%. The value then rose again to Rs 14,000 per sq.ft in 2023, before reaching the current rate of Rs 15,400 per sq.ft in 2024, which is an increase of 10% from the previous year.

There is no guideline value recorded for the year 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 566%.

Guideline values in Kottur

Kottur village has 114 streets under the Adayar SRO, with 2024 guideline values 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, placing Gandhi Nagar 3rd Cross Street's 2024 figure above this median.

Stamp duty and registration fee for property in Gandhi Nagar 3rd 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, bringing the total cost 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gandhi Nagar 3rd Cross Street?

The Sub Registrar Office that covers Gandhi Nagar 3rd 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 details.

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

The guideline value is a crucial factor in property transactions in Kottur. It is used to determine the stamp duty and registration fees payable when a property is bought or sold. The guideline value serves as a benchmark for the minimum value at which a property can be registered.

When selling a property, the seller must ensure that the sale price is at least equal to the guideline value to avoid any legal issues during registration. Buyers should be aware of the guideline value to understand the costs associated with the purchase, including taxes and fees.

Frequently asked questions

What is the current guideline value of Gandhi Nagar 3rd Cross Street?

The current guideline value of Gandhi Nagar 3rd 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 2,311 per sq.ft in 2003 to Rs 15,400 per sq.ft in 2024, marking an overall increase of 566% over this period.

What is the land classification for Gandhi Nagar 3rd Cross Street?

Gandhi Nagar 3rd Cross Street is classified as Commercial Class I Type - I.

What is the registration office for Gandhi Nagar 3rd Cross Street?

The registration office for Gandhi Nagar 3rd Cross Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is the stamp duty calculated for properties in Kottur?

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