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Guideline Value

Corporate

Guideline Value for Gandhi Nagar 3rd Main Road

₹15400/sq.ft.

The guideline value for Gandhi Nagar 3rd 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 ₹11277 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹3513 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹3260 /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 3rd Main Road

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Gandhi Nagar 3rd Main Road guideline value

The current guideline value of Gandhi Nagar 3rd Main Road 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 3rd Main Road has changed

The guideline value for Gandhi Nagar 3rd Main Road has seen several revisions over the years. The earliest recorded figure is from 2002, which was Rs 3,260 per sq.ft. This increased to Rs 3,513 per sq.ft in 2003, marking an 8% rise. The value then surged significantly to Rs 11,277 per sq.ft in 2007, reflecting a 221% increase. In 2012, the value adjusted to Rs 14,000 per sq.ft, which was a decrease of 33%. The 2017 revision set the value at Rs 9,380 per sq.ft, a 49% increase from the previous year. The most recent revision in 2023 saw the value rise to Rs 14,000 per sq.ft, followed by the current rate of Rs 15,400 per sq.ft in 2024, which is a 10% increase.

It is important to note that there are no figures available for the revisions in the years not listed above. The overall change from 2002 to 2024 shows an increase of 372% in the guideline value per sq.ft.

Guideline values in Kottur

Kottur village has a range of guideline values across its 114 streets under the Adayar SRO, with the 2024 figures varying 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 Gandhi Nagar 3rd Main Road above this median.

Stamp duty and registration fee for property in Gandhi Nagar 3rd 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 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 charges 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gandhi Nagar 3rd Main Road?

The Sub Registrar Office that covers Gandhi Nagar 3rd 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 reference point during property registration in Kottur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in transactions.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This helps in standardizing the costs involved in property transactions, making it easier for buyers and sellers to understand their financial obligations.

Frequently asked questions

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

The current guideline value of Gandhi Nagar 3rd Main 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 3,260 per sq.ft in 2002 to Rs 15,400 per sq.ft in 2024, reflecting an overall increase of 372% over this period.

What is the registration office for Gandhi Nagar 3rd Main Road?

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

How is stamp duty calculated for property in Gandhi Nagar 3rd Main Road?

Stamp duty is calculated at 7% of 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.

What is the land classification of Gandhi Nagar 3rd Main Road?

Gandhi Nagar 3rd Main Road is classified as Commercial Class I Type - I, which indicates its suitability for commercial activities.