Guideline Value

Corporate

Guideline Value for Gandhi Nagar Main Road

₹1700/sq.ft.

The guideline value for Gandhi Nagar Main Road in Kottivakkam village (Adayar SRO, Chennai zone) is Rs 1700 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 13% change. The land classification is Residential Class V Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kottivakkam

Village

Adayar

SRO

Residential Class V Type - III
History
Period Guideline Value
From 1-7-2024 ₹1700 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹670 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹512 /sq.ft.
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 Main Road

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Gandhi Nagar Main Road guideline value

The current guideline value of Gandhi Nagar Main Road in Kottivakkam village is Rs 1,700 per sq.ft, effective from 1 July 2024. This area falls under the Adayar SRO and is classified as Residential Class V Type - III.

How the guideline value of Gandhi Nagar Main Road has changed

The guideline value for Gandhi Nagar Main Road has seen several revisions over the years. In 2002, the value was Rs 512 per sq.ft, which increased to Rs 670 per sq.ft in 2003. Following this, the value rose to Rs 1,000 per sq.ft in 2007, and then to Rs 1,500 per sq.ft in 2012. However, there was a decrease to Rs 1,005 per sq.ft in 2017. The subsequent revision in 2023 brought the value up to Rs 1,500 per sq.ft, and the latest revision in 2024 set it at Rs 1,700 per sq.ft.

From 2017 to 2023, the guideline value increased by 49%. The change from 2023 to 2024 represents a 13% increase. Overall, from 2002 to 2024, the guideline value has risen by 232%.

Guideline values in Kottivakkam

Kottivakkam village has a total of 284 streets under the Adayar SRO, with 2024 guideline values ranging from Rs 1,700 to Rs 8,500 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, placing Gandhi Nagar Main Road's 2024 figure below this median.

Stamp duty and registration fee for property in Gandhi Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, totaling Rs 1,53,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gandhi Nagar Main Road?

The Sub Registrar Office that covers Gandhi Nagar Main 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 Kottivakkam

The guideline value is a crucial factor in property transactions in Kottivakkam, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that buyers must pay when acquiring a property.

When selling a property, the guideline value serves as a reference point for both buyers and sellers. It ensures that the property is assessed at a standard value, which helps in maintaining transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of Gandhi Nagar Main Road?

The current guideline value of Gandhi Nagar Main Road is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 512 per sq.ft in 2002 to Rs 1,700 per sq.ft in 2024, marking an overall increase of 232% over this period.

What is the registration office for Gandhi Nagar Main Road?

The registration office for Gandhi Nagar Main Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is stamp duty calculated for properties on Gandhi Nagar Main Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft property at the current guideline value would incur a stamp duty of Rs 1,19,000 at 7%.

What are the guideline values of other streets in Kottivakkam?

Other streets in Kottivakkam have varying guideline values, ranging from Rs 1,700 to Rs 8,500 per sq.ft. For instance, Gandhi Street has a guideline value of Rs 3,300 per sq.ft in 2024.