Guideline Value

Corporate

Guideline Value for Gandhi Nagar

₹102/sq.ft.

The guideline value for Gandhi Nagar in Kattankulam village (Salavakkam SRO, Chengalpattu zone) is Rs 102 per sq.ft, effective 1 July 2024. It was Rs 100 per sq.ft from 1 April 2023, a 2% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Kattankulam

Village

Salavakkam

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹102 /sq.ft.
From 1-4-2023 ₹100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹37 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹55 /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)

2/1a, Thottakkara Street, Salavakkam, 603 107
044-27275222
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Gandhi Nagar

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Gandhi Nagar guideline value

The current guideline value of Gandhi Nagar, located in Kattankulam village, is Rs 102 per sq.ft as per the 2024 revision. This value is effective from 1 July 2024 and falls under the Residential Class III Type - I land classification. The property is registered with the Salavakkam SRO.

How the guideline value of Gandhi Nagar has changed

The guideline value for Gandhi Nagar has seen several revisions over the years. In the 2012 revision, the value was set at Rs 55 per sq.ft, which increased to Rs 37 per sq.ft in 2017. This was a decrease of 33%. However, from 2017 to 2023, the value surged to Rs 100 per sq.ft, marking a significant increase of 170%. The most recent revision in 2024 has set the guideline value at Rs 102 per sq.ft, reflecting a 2% increase from the previous year.

Revisions prior to 2012, specifically in 2002, 2003, and 2007, do not have recorded figures for this street. Overall, from 2012 to 2024, the guideline value has increased by 85%.

Guideline values in Kattankulam

In Kattankulam village, there are eight streets under the Salavakkam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 103 per sq.ft. The median guideline value for these streets is Rs 103 per sq.ft, positioning Gandhi Nagar's current rate below this median.

Stamp duty and registration fee for property in Gandhi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 102 per sq.ft, the total guideline value amounts to Rs 1,02,000. The stamp duty, charged at 7%, would be Rs 7,140, while the registration fee at 2% would be Rs 2,040. Together, the total cost for stamp duty and registration would be Rs 9,180. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gandhi Nagar?

The Sub Registrar Office that covers Gandhi Nagar is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration of property transactions in Kattankulam. It serves as the basis for determining the stamp duty and registration fees that buyers and sellers must pay when completing a transaction.

When purchasing property, the guideline value ensures that all transactions are recorded at a standard value, which helps maintain transparency and accountability in the real estate market. This value is particularly important as it can impact the overall costs involved in buying or selling property in the area.

Frequently asked questions

What is the current guideline value of Gandhi Nagar?

The current guideline value of Gandhi Nagar is Rs 102 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 55 per sq.ft in 2012 to Rs 102 per sq.ft in 2024, reflecting an overall increase of 85% over this period.

What is the median guideline value in Kattankulam?

The median guideline value for streets in Kattankulam is Rs 103 per sq.ft, with Gandhi Nagar's current value being below this median.

What are the stamp duty and registration fees for property in Gandhi Nagar?

For a property valued at Rs 1,02,000, the stamp duty would be Rs 7,140 and the registration fee would be Rs 2,040, totaling Rs 9,180.

Which office handles the registration for Gandhi Nagar?

The Salavakkam Sub Registrar Office handles the registration for Gandhi Nagar, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.