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Guideline Value

Corporate

Guideline Value for Gandhi Nagar 4th Main Road

₹15400/sq.ft.

The guideline value for Gandhi Nagar 4th 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 ₹2123 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1970 /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 4th Main Road

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Gandhi Nagar 4th Main Road guideline value

The current guideline value of Gandhi Nagar 4th Main Road is Rs 15,400 per sq.ft, effective from 1 July 2024. This road is located in Kottur village under the Adayar SRO, classified as Commercial Class I Type - I.

How the guideline value of Gandhi Nagar 4th Main Road has changed

The guideline value for Gandhi Nagar 4th Main Road has seen several revisions over the years. The earliest recorded figure is from 2002, with a guideline value of Rs 1,970 per sq.ft. This increased significantly to Rs 2,123 per sq.ft in 2003, marking an 8% rise. The value continued to climb, reaching Rs 11,277 per sq.ft in 2007, which represented a substantial increase of 431%. However, between 2007 and 2012, the value decreased to Rs 14,000 per sq.ft, a decline of 33%. The guideline value remained the same in 2012 and then rose to Rs 9,380 per sq.ft in 2017, which was a 49% increase. The most recent revision in 2023 saw the value rise to Rs 14,000 per sq.ft, and the current guideline value in 2024 is Rs 15,400 per sq.ft, reflecting a 10% increase from the previous year.

Guideline values in Kottur

In Kottur, there are 114 streets under the Adayar SRO with a 2024 guideline value ranging 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 4th Main Road above this median.

Stamp duty and registration fee for property in Gandhi Nagar 4th Main Road

For a 1,000 sq.ft plot at the current guideline value, 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 fees together 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 4th Main Road?

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

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kottur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When a property transaction occurs, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable duties and fees, which are mandatory for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Gandhi Nagar 4th Main Road?

The current guideline value of Gandhi Nagar 4th 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, starting from Rs 1,970 per sq.ft in 2002 to Rs 15,400 per sq.ft in 2024, reflecting an overall increase of 682% over the years.

What is the stamp duty rate for property in Gandhi Nagar 4th Main Road?

The stamp duty rate for property transactions in Gandhi Nagar 4th 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 is the median guideline value for streets in Kottur?

The median guideline value for streets in Kottur is Rs 6,100 per sq.ft, with Gandhi Nagar 4th Main Road being above this median at Rs 15,400 per sq.ft.