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Guideline Value

Corporate

Guideline Value for Gandhi Nagar Canal 3rd Cross Road

₹8800/sq.ft.

The guideline value for Gandhi Nagar Canal 3rd 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 3rd Cross Road

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Gandhi Nagar Canal 3rd Cross Road guideline value

The current guideline value of Gandhi Nagar Canal 3rd 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 3rd Cross Road has changed

The guideline value for Gandhi Nagar Canal 3rd Cross Road has seen significant changes over the years. In 2003, the guideline value was Rs 1,774 per sq.ft, which increased to Rs 5,000 per sq.ft in 2007, marking a rise of 182%. The value then rose to Rs 8,000 per sq.ft in 2012, reflecting a 60% increase. However, it dropped to Rs 5,360 per sq.ft in 2017, a decrease of 33%. The value then surged to Rs 8,000 per sq.ft in 2023, and subsequently, it increased to Rs 8,800 per sq.ft in 2024, which is a 10% rise.

Overall, from 2003 to 2024, the guideline value has increased by 396%. Notably, there is no figure available for the year 2002 in the register for this street.

Guideline values in Kottur

Kottur village has a range of guideline values for its 114 streets under the Adayar SRO, with figures for 2024 ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median guideline value in this area is Rs 6,100 per sq.ft, placing Gandhi Nagar Canal 3rd Cross Road above this median.

Stamp duty and registration fee for property in Gandhi Nagar Canal 3rd 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 fees to Rs 7,92,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Gandhi Nagar Canal 3rd Cross Road?

The Sub Registrar Office that covers Gandhi Nagar Canal 3rd 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 details.

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

The guideline value is a crucial factor in property transactions in Kottur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid at the time of registration. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial obligations involved in property transactions. Understanding these values helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Gandhi Nagar Canal 3rd Cross Road?

The current guideline value of Gandhi Nagar Canal 3rd 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 1,774 per sq.ft in 2003 to Rs 8,800 per sq.ft in 2024, reflecting an overall increase of 396% over the years.

What is the stamp duty for property in Gandhi Nagar Canal 3rd Cross Road?

The stamp duty for property in Gandhi Nagar Canal 3rd Cross Road is 7% of the guideline value or the 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.

What is the range of guideline values in Kottur?

The guideline values in Kottur range from Rs 3,300 to Rs 15,400 per sq.ft, with a median value of Rs 6,100 per sq.ft for the year 2024.