Guideline Value

Corporate

Guideline Value for Gandhi Nagar Extn.

₹3520/sq.ft.

The guideline value for Gandhi Nagar Extn. in Ekkaduthangal village (Chennai South Joint I SRO, Chennai zone) is Rs 3520 per sq.ft, effective 1 July 2024. It was Rs 3200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ekkaduthangal

Village

Chennai South Joint I

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹3520 /sq.ft.
From 1-4-2023 ₹3200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2144 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3200 /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)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[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 Extn.

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Gandhi Nagar Extn. guideline value

The current guideline value of Gandhi Nagar Extn. is Rs 3,520 per sq.ft, effective from 1 July 2024. This area is located in Ekkaduthangal village, under the Chennai South Joint I SRO, and is classified as Residential Class III Type - I.

How the guideline value of Gandhi Nagar Extn. has changed

Over the years, the guideline value of Gandhi Nagar Extn. has seen several revisions. The earliest recorded revision is from 2012, where the guideline value was Rs 3,200 per sq.ft. This was followed by a decrease to Rs 2,144 per sq.ft in the 2017 revision. The 2023 revision saw an increase to Rs 3,200 per sq.ft, and the current value for 2024 is Rs 3,520 per sq.ft. Notably, the register has no figures for the years 2002, 2003, and 2007.

In terms of changes, the guideline value increased by 10% from 2023 to 2024. Between 2017 and 2023, there was a significant increase of 49%. However, from 2012 to 2017, the value decreased by 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ekkaduthangal

In Ekkaduthangal, there are 190 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 3,080 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 4,620 per sq.ft, placing Gandhi Nagar Extn.'s 2024 figure below this median.

Stamp duty and registration fee for property in Gandhi Nagar Extn.

For a 1,000 sq.ft plot at the current rate of Rs 3,520 per sq.ft, the guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total to Rs 3,16,800. 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 Extn.?

The Sub Registrar Office that covers Gandhi Nagar Extn. is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role in the buying and selling process of properties in Ekkaduthangal. It serves as a benchmark for determining the minimum value at which properties can be registered. When a property is sold, the guideline value is used to calculate the stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value, as it ensures transparency in property transactions. This value is set by the government and reflects the prevailing market conditions, making it a reliable reference for both parties involved in the transaction.

Frequently asked questions

What is the current guideline value of Gandhi Nagar Extn.?

The current guideline value of Gandhi Nagar Extn. is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,200 per sq.ft in 2023 to Rs 3,520 per sq.ft in 2024, marking a 10% increase. It was Rs 2,144 per sq.ft in 2017 and Rs 3,200 per sq.ft in 2012.

What is the land classification of Gandhi Nagar Extn.?

Gandhi Nagar Extn. is classified as Residential Class III Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for properties in Gandhi Nagar Extn.?

For a property valued at Rs 35,20,000, the stamp duty would be Rs 2,46,400 and the registration fee would be Rs 70,400, totaling Rs 3,16,800.

Which office handles property registrations in Gandhi Nagar Extn.?

The Chennai South Joint I Sub Registrar Office handles property registrations for Gandhi Nagar Extn., located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.