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Guideline Value

Corporate

Guideline Value for Gandhi Nagar Cresent Park Avenue

₹15400/sq.ft.

The guideline value for Gandhi Nagar Cresent Park Avenue in Kottur village (Adayar SRO, Chennai zone) is Rs 15400 per sq.ft, effective 1 July 2024. It was Rs 14000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kottur

Village

Adayar

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹15400 /sq.ft.
From 1-4-2023 ₹14000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹9380 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹14000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹5000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1208 /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 Cresent Park Avenue

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Gandhi Nagar Cresent Park Avenue guideline value

The current guideline value of Gandhi Nagar Cresent Park Avenue is Rs 15,400 per sq.ft, effective from 1 July 2024. This street is located in Kottur village, under the Adayar SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Gandhi Nagar Cresent Park Avenue has changed

The guideline value for Gandhi Nagar Cresent Park Avenue has seen significant changes over the years. In 2003, the guideline value was Rs 1,208 per sq.ft. This increased to Rs 5,000 per sq.ft in 2007, marking a substantial rise of 314%. The value then jumped to Rs 14,000 per sq.ft in 2012, a 180% increase from the previous revision. However, it decreased to Rs 9,380 per sq.ft in 2017, reflecting a decline of 33%.

From 2017 to 2023, the guideline value rose significantly to Rs 14,000 per sq.ft, an increase of 49%. The most recent revision in 2024 set the guideline value at Rs 15,400 per sq.ft, reflecting a 10% increase from the previous year. It is important to note that there is no figure available for the year 2002 for this street.

Guideline values in Kottur

Kottur village features a range of guideline values, with 114 streets under the Adayar SRO carrying a 2024 figure ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median guideline value in Kottur is Rs 6,100 per sq.ft, placing Gandhi Nagar Cresent Park Avenue above this median.

Stamp duty and registration fee for property in Gandhi Nagar Cresent Park Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 15,400 per sq.ft, the total guideline value would be Rs 1,54,00,000. The stamp duty at 7% would be Rs 10,78,000, and the registration fee at 2% would be Rs 3,08,000, bringing the total fees to Rs 13,86,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gandhi Nagar Cresent Park Avenue?

The Sub Registrar Office that covers Gandhi Nagar Cresent Park Avenue 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 is a crucial factor in the registration process for property transactions in Kottur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on a standardized value set by the government.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property can be registered. It is essential for buyers and sellers to 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 Cresent Park Avenue?

The current guideline value of Gandhi Nagar Cresent Park Avenue is Rs 15,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,208 per sq.ft in 2003 to Rs 15,400 per sq.ft in 2024, marking an overall increase of 1175% over the years.

What is the stamp duty for property in Gandhi Nagar Cresent Park Avenue?

The stamp duty for property in Gandhi Nagar Cresent Park Avenue is calculated at 7% of the guideline value. For example, for a plot valued at Rs 1,54,00,000, the stamp duty would be Rs 10,78,000.

Which Sub Registrar Office covers this area?

The Adayar Sub Registrar Office covers Gandhi Nagar Cresent Park Avenue, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What is the median guideline value in Kottur?

The median guideline value in Kottur is Rs 6,100 per sq.ft, with Gandhi Nagar Cresent Park Avenue's guideline value being above this median.