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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 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 ₹11277 /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 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 Urur 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 Main Road has changed

The guideline value for Gandhi Nagar 3rd Main Road has seen several revisions over the years. In 2002, the 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 then surged significantly to Rs 11,277 per sq.ft in 2007, reflecting a remarkable 388% increase. However, from 2007 to 2012, the value decreased to Rs 14,000 per sq.ft, a drop of 33%. The guideline value remained the same in 2012 and was revised to Rs 9,380 per sq.ft in 2017, which was a 49% increase. The most recent revision in 2023 set the value at Rs 14,000 per sq.ft, followed by the current figure of Rs 15,400 per sq.ft in 2024, representing a 10% increase.

There are no figures available in the register for years other than those mentioned above. The overall change from 2002 to 2024 shows an increase of 701% in the guideline value per sq.ft.

Guideline values in Urur

In Urur village, there are 176 streets under the Adayar SRO with guideline values ranging from Rs 4,400 to Rs 15,400 per sq.ft. The median value for these streets is Rs 6,600 per sq.ft, and Gandhi Nagar 3rd Main Road's 2024 figure is 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 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.

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

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

The Adayar Sub Registrar Office covers Gandhi Nagar 3rd Main Road. The office is 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 plays a crucial role in property transactions in Urur. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. This ensures that the government receives the appropriate revenue based on the assessed value of the property.

When registering a property, the guideline value is considered the baseline for calculating the fees. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations and to understand their financial obligations during the transaction.

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 significantly from Rs 1,922 per sq.ft in 2002 to Rs 15,400 per sq.ft in 2024, showing an overall increase of 701%.

What is the stamp duty rate for properties in Gandhi Nagar 3rd Main Road?

The stamp duty rate for properties in Gandhi Nagar 3rd Main Road is 7% of the guideline value or the sale price, whichever is higher.

Where is the Adayar Sub Registrar Office located?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

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

Other streets in Urur with similar guideline values include Gandhi Nagar 4th Main Road, Gandhi Nagar 2nd Main Road, and Gandhi Nagar 1st Main Road, all at Rs 15,400 per sq.ft in 2024.