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Guideline Value

Corporate

Guideline Value for Gandhi Nagar 4th Street

₹2200/sq.ft.

The guideline value for Gandhi Nagar 4th Street in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Madambakkam

Village

Selaiyur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Gandhi Nagar 4th Street

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Gandhi Nagar 4th Street guideline value

The current guideline value of Gandhi Nagar 4th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village under the Selaiyur SRO, and it falls under the Residential Special Type - I land classification.

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

The guideline value for Gandhi Nagar 4th Street has experienced several revisions over the years. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, which is an increase from Rs 2,000 per sq.ft in the 2023 revision. Notably, there was no change in value from the 2012 revision, which also recorded Rs 2,000 per sq.ft. The overall change from 2012 to 2024 reflects a 10% increase.

Revisions for the years 2002, 2003, 2007, and 2017 have no figures recorded for this street. Therefore, the guideline value has remained consistent at Rs 2,000 per sq.ft from 2012 to 2023, before rising to Rs 2,200 per sq.ft in 2024.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value in the village is Rs 2,400 per sq.ft, placing Gandhi Nagar 4th Street's 2024 figure below that median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. 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 Street?

The Sub Registrar Office that covers Gandhi Nagar 4th Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, Chengalpattu registration zone.

To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Madambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a buyer or seller engages in a property transaction, the guideline value is assessed to calculate the applicable stamp duty and registration fees. This ensures transparency and fairness in the property registration process, as the guideline value reflects the official valuation set by the Registration Department.

Frequently asked questions

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

The current guideline value of Gandhi Nagar 4th Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 2,000 per sq.ft from 2012 to 2023, before rising to Rs 2,200 per sq.ft in 2024. This reflects a 10% increase from the 2012 revision to the 2024 revision.

What is the stamp duty for property in Gandhi Nagar 4th Street?

The stamp duty for property in Gandhi Nagar 4th Street is 7% of the guideline value or sale price, whichever is higher. For example, on a 1,000 sq.ft plot valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000.

Which office handles property registrations for Gandhi Nagar 4th Street?

The Selaiyur Sub Registrar Office handles property registrations for Gandhi Nagar 4th Street. It is located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the land classification for Gandhi Nagar 4th Street?

The land classification for Gandhi Nagar 4th Street is Residential Special Type - I, indicating its intended use for residential purposes.