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Guideline Value

Corporate

Guideline Value for Gandhi Nagar Canal 1st Cross Road

₹8800/sq.ft.

The guideline value for Gandhi Nagar Canal 1st Cross Road in Kottur village (Adayar SRO, Chennai zone) is Rs 8800 per sq.ft, effective 1 July 2024. It was Rs 8000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kottur

Village

Adayar

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹8800 /sq.ft.
From 1-4-2023 ₹8000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹5360 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹8000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹5000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1774 /sq.ft.
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 Canal 1st Cross Road

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Gandhi Nagar Canal 1st Cross Road guideline value

The current guideline value of Gandhi Nagar Canal 1st Cross Road is Rs 8,800 per sq.ft, effective from 1 July 2024. This street is located in Kottur village, under the Adayar SRO, and is classified as Residential Class I Type - I.

How the guideline value of Gandhi Nagar Canal 1st Cross Road has changed

The guideline value for Gandhi Nagar Canal 1st Cross Road has seen several revisions over the years. In 2003, the value was set at Rs 1,774 per sq.ft. This increased significantly to Rs 5,000 per sq.ft in 2007, marking a 182% rise. The value then rose to Rs 8,000 per sq.ft in 2012, a 60% increase from the previous revision. However, it dropped to Rs 5,360 per sq.ft in 2017, reflecting a decrease of 33%. Following this, the value surged to Rs 8,000 per sq.ft in 2023, and most recently, it reached Rs 8,800 per sq.ft in 2024, indicating a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 396%. The register has no figure for the year 2002 for this street.

Guideline values in Kottur

In Kottur village, there are 114 streets under the Adayar SRO that carry 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 the guideline value of Gandhi Nagar Canal 1st Cross Road above this median.

Stamp duty and registration fee for property in Gandhi Nagar Canal 1st Cross Road

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value would be Rs 88,00,000. The stamp duty at 7% would amount to Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, leading to a total of Rs 7,92,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Gandhi Nagar Canal 1st Cross Road?

The Sub Registrar Office that covers Gandhi Nagar Canal 1st Cross 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 Kottur

The guideline value plays a crucial role in the registration process when buying or selling property in Kottur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid. Buyers and sellers must consider the guideline value to ensure compliance with the registration requirements.

When a property transaction occurs, the registration office uses the guideline value to assess the applicable duties. This ensures that the transaction is recorded accurately and that the necessary fees are collected based on the established values.

Frequently asked questions

What is the current guideline value of Gandhi Nagar Canal 1st Cross Road?

The current guideline value of Gandhi Nagar Canal 1st Cross Road is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,774 per sq.ft in 2003 to Rs 8,800 per sq.ft in 2024, marking an overall increase of 396% over the years.

What is the land classification for Gandhi Nagar Canal 1st Cross Road?

Gandhi Nagar Canal 1st Cross Road is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Gandhi Nagar Canal 1st Cross Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is the stamp duty calculated for properties in this area?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 88,00,000, the stamp duty would be calculated at 7% of that amount.