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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 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 ₹10900 /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 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 street is located in Urur village under the Adayar SRO and is 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 undergone 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. Following that, the value saw a significant rise to Rs 10,900 per sq.ft in 2007. By 2012, the value was Rs 14,000 per sq.ft, but it decreased to Rs 9,380 per sq.ft in 2017. The value then rose to Rs 14,000 per sq.ft in 2023 and has now reached Rs 15,400 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 701%. The changes between the revisions show a fluctuation in values, with the most notable increase occurring from 2003 to 2007 at 372% and a decrease from 2012 to 2017 at -33%. The register does not have figures for the years not mentioned in this context.

Guideline values in Urur

In Urur, there are 176 streets under the Adayar SRO carrying a 2024 guideline value ranging from Rs 4,400 to Rs 15,400 per sq.ft, with a median value of Rs 6,600 per sq.ft. Gandhi Nagar 4th Main Road's 2024 figure is 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 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, making the total charges Rs 13,86,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, 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 information.

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

The guideline value plays a crucial role in the property registration process in Urur. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must be aware of the current guideline value to ensure accurate calculations of these fees.

When a property transaction takes place, the guideline value is referenced to ascertain the minimum value on which stamp duty is calculated. This ensures that the government receives the appropriate revenue from property transactions in the area.

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 from Rs 1,922 per sq.ft in 2002 to Rs 15,400 per sq.ft in 2024, with various increases and decreases in between.

What is the registration office for Gandhi Nagar 4th Main Road?

The registration office for Gandhi Nagar 4th Main Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2% of the guideline value.

Where can I find more information about guideline values in Urur?

More information about guideline values in Urur can be found in the Registration Department's guideline value register (TNReginet) and through the Adayar SRO.