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Guideline Value

Corporate

Guideline Value for Gandhi Nagar Pumping Station Road

₹6100/sq.ft.

The guideline value for Gandhi Nagar Pumping Station Road in Kottur village (Adayar SRO, Chennai zone) is Rs 6100 per sq.ft, effective 1 July 2024. It was Rs 5500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kottur

Village

Adayar

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹6100 /sq.ft.
From 1-4-2023 ₹5500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3685 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹4000 /sq.ft.
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)

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 Pumping Station Road

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Gandhi Nagar Pumping Station Road guideline value

The current guideline value of Gandhi Nagar Pumping Station Road is Rs 6,100 per sq.ft, effective from 1 July 2024. This road is located in Kottur village and falls under the Adayar SRO, classified as Residential Class III Type - I.

How the guideline value of Gandhi Nagar Pumping Station Road has changed

Over the years, the guideline value of Gandhi Nagar Pumping Station Road has seen several revisions. The 2007 revision set the value at Rs 4,000 per sq.ft, which increased to Rs 5,500 per sq.ft in 2012, a rise of 38%. However, the value then decreased to Rs 3,685 per sq.ft in 2017, a drop of 33%. The value significantly increased to Rs 5,500 per sq.ft in 2023, marking a 49% rise. The latest revision in 2024 has set the guideline value at Rs 6,100 per sq.ft, reflecting an 11% increase from the previous year.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 53%.

Guideline values in Kottur

Kottur village has 114 streets under the Adayar SRO, with guideline values ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median guideline value is Rs 6,100 per sq.ft, which is equal to the 2024 figure for Gandhi Nagar Pumping Station Road.

Stamp duty and registration fee for property in Gandhi Nagar Pumping Station Road

For a 1,000 sq.ft plot at the current guideline value of Rs 6,100 per sq.ft, the total guideline value amounts to Rs 61,00,000. The stamp duty at 7% would be Rs 4,27,000, and the registration fee at 2% would be Rs 1,22,000, making the total Rs 5,49,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Gandhi Nagar Pumping Station Road?

The Sub Registrar Office that covers Gandhi Nagar Pumping Station 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 Kottur

The guideline value plays a crucial role in the registration process when buying or selling property in Kottur. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the official value set by the government.

When a property transaction occurs, the guideline value is used to assess the legal fees involved. This ensures that all parties are aware of the financial obligations tied to the sale or purchase of the property, based on the established rates.

Frequently asked questions

What is the current guideline value for Gandhi Nagar Pumping Station Road?

The current guideline value for Gandhi Nagar Pumping Station Road is Rs 6,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2007 to Rs 6,100 per sq.ft in 2024, reflecting a total increase of 53% over the years.

What is the stamp duty for property in Gandhi Nagar Pumping Station Road?

The stamp duty for property in Gandhi Nagar Pumping Station Road is 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 61,00,000, the stamp duty would be Rs 4,27,000.

Which Sub Registrar Office should I contact for property registration?

The Adayar Sub Registrar Office is responsible for property registration in Gandhi Nagar Pumping Station Road, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What are the other guideline values in Kottur?

In Kottur, other streets have varying guideline values ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median value is Rs 6,100 per sq.ft, which is the same as the guideline value for Gandhi Nagar Pumping Station Road.