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Guideline Value

Corporate

Guideline Value for Gandhi Nagar 4th Cross Street

₹15400/sq.ft.

The guideline value for Gandhi Nagar 4th 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 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 4th Cross Street

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Gandhi Nagar 4th Cross Street guideline value

The current guideline value of Gandhi Nagar 4th 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 is classified as Commercial Class I Type - I.

How the guideline value of Gandhi Nagar 4th Cross Street has changed

The guideline value for Gandhi Nagar 4th Cross Street has undergone several revisions over the years. In 2007, the guideline value was Rs 5,000 per sq.ft. This increased significantly to Rs 14,000 per sq.ft in 2012, marking a 180% rise. However, it then decreased to Rs 9,380 per sq.ft in 2017, which was a decline of 33%. The value saw a substantial increase to Rs 14,000 per sq.ft in 2023, followed by a further rise to Rs 15,400 per sq.ft in 2024, reflecting a 10% increase.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from 2007 to 2024, the guideline value has risen by 208%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kottur

Kottur village has a total of 114 streets under the Adayar SRO, with guideline values ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median guideline value in Kottur is Rs 6,100 per sq.ft, making the current value of Gandhi Nagar 4th Cross Street above this median.

Stamp duty and registration fee for property in Gandhi Nagar 4th 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 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 4th Cross Street?

The Sub Registrar Office that covers Gandhi Nagar 4th 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 information.

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 applicable when a property is bought or sold. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements during the registration process.

When a property is registered, the guideline value serves as a reference point for calculating the applicable fees. This ensures that the transaction is recorded accurately, reflecting the property's value as determined by the government.

Frequently asked questions

What is the current guideline value of Gandhi Nagar 4th Cross Street?

The current guideline value of Gandhi Nagar 4th 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 from Rs 5,000 per sq.ft in 2007 to Rs 15,400 per sq.ft in 2024, reflecting an overall increase of 208% over the years.

What is the land classification of Gandhi Nagar 4th Cross Street?

Gandhi Nagar 4th Cross Street is classified as 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 a rate of 7%.