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Guideline Value

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Guideline Value for Gandhi Nagar 5th Main Road

₹2200/sq.ft.

The guideline value for Gandhi Nagar 5th Main Road 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 5th Main Road

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Gandhi Nagar 5th Main Road guideline value

The current guideline value of Gandhi Nagar 5th Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This road is located in Madambakkam village and falls under the Selaiyur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Gandhi Nagar 5th Main Road has changed

The guideline value for Gandhi Nagar 5th Main Road has seen 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. There was no change in the value from the 2012 revision, which also recorded Rs 2,000 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2017.

From 2012 to 2024, the overall change in guideline value is +10%. The increase from 2023 to 2024 represents a +10% change, while there was no increase from 2012 to 2023.

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 value for these streets is Rs 2,400 per sq.ft, making the guideline value for Gandhi Nagar 5th Main Road below that median.

Stamp duty and registration fee for property in Gandhi Nagar 5th Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Gandhi Nagar 5th Main Road?

The Sub Registrar Office that covers Gandhi Nagar 5th Main Road is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Madambakkam. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that all transactions are recorded at a fair value.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for completing the transaction. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Gandhi Nagar 5th Main Road?

The current guideline value of Gandhi Nagar 5th Main Road 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 changed from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024, marking a +10% increase. There was no change from the 2012 revision, which also recorded Rs 2,000 per sq.ft.

What are the guideline values for other streets in Madambakkam?

Other streets in Madambakkam have guideline values that range from Rs 1,100 to Rs 6,000 per sq.ft, with a median of Rs 2,400 per sq.ft. Gandhi Nagar 5th Main Road's guideline value is below this median.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 1,98,000.

Where is the Sub Registrar Office for Gandhi Nagar 5th Main Road located?

The Sub Registrar Office for Gandhi Nagar 5th Main Road is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.