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Guideline Value

Corporate

Guideline Value for Gandhi Nagar Canal 2nd Cross Road

₹8800/sq.ft.

The guideline value for Gandhi Nagar Canal 2nd 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 ₹1960 /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 2nd Cross Road

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Gandhi Nagar Canal 2nd Cross Road guideline value

The current guideline value of Gandhi Nagar Canal 2nd Cross Road is Rs 8,800 per sq.ft, effective from 1 July 2024. This street is located in Kottur village and falls under the Adayar SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Gandhi Nagar Canal 2nd Cross Road has changed

The guideline value for Gandhi Nagar Canal 2nd Cross Road has seen several revisions over the years. Starting from Rs 1,960 per sq.ft in 2003, it increased to Rs 5,000 per sq.ft in 2007, then to Rs 8,000 per sq.ft in 2012. However, there was a decrease to Rs 5,360 per sq.ft in 2017. The value then rose significantly to Rs 8,000 per sq.ft in 2023, and finally to the current Rs 8,800 per sq.ft in 2024. The register has no figure for this street in 2002.

From 2017 to 2023, the value increased by 49%, while the jump from 2023 to 2024 was 10%. The 2012 to 2017 period saw a decrease of 33%, and from 2007 to 2012, there was a notable increase of 60%. The most significant rise was from 2003 to 2007, which was 155%. Overall, from 2003 to 2024, the guideline value has increased by 349%.

Guideline values in Kottur

Kottur village has a total of 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 Gandhi Nagar Canal 2nd Cross Road above this median.

Stamp duty and registration fee for property in Gandhi Nagar Canal 2nd 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 amounts to Rs 88,00,000. The stamp duty at 7% would be Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, bringing the total to 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. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gandhi Nagar Canal 2nd Cross Road?

The Sub Registrar Office that covers Gandhi Nagar Canal 2nd Cross Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, Chennai registration zone. You can find your SRO for more information.

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 determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately in the land registry. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Gandhi Nagar Canal 2nd Cross Road?

The current guideline value of Gandhi Nagar Canal 2nd 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 significantly from Rs 1,960 per sq.ft in 2003 to Rs 8,800 per sq.ft in 2024, showing an overall increase of 349% over this period.

What is the land classification for this area?

The land classification for Gandhi Nagar Canal 2nd Cross Road is Residential Class I Type - I.

What are the stamp duty rates for property transactions?

The stamp duty rate for property transactions is typically 7%, while the registration fee is 2% of the guideline value or 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, Chennai registration zone.