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Guideline Value

Corporate

Guideline Value for Gandhi Road (Ward-5)

₹7700/sq.ft.

The guideline value for Gandhi Road (ward-5) in Kadaperi village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 7700 per sq.ft, effective 1 July 2024. It was Rs 7000 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:

Chengalpattu

Zone

Kadaperi

Village

Tambaram Joint 1

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹7700 /sq.ft.
From 1-4-2023 ₹7000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4690 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹7000 /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)

No.26,mes Road, East Tambaram, Chennai-600059.
044-22397171
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Gandhi Road (ward-5)

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Gandhi Road (Ward-5) guideline value

The current guideline value of Gandhi Road (Ward-5) in Kadaperi village is Rs 7,700 per sq.ft, effective from 1 July 2024. This property falls under the Tambaram Joint 1 SRO and is classified as Commercial Class I Type - I.

How the guideline value of Gandhi Road (Ward-5) has changed

The guideline value for Gandhi Road (Ward-5) has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 7,700 per sq.ft, which is a 10% increase from the 2023 figure of Rs 7,000 per sq.ft. Prior to that, in 2017, the value was Rs 4,690 per sq.ft, marking a significant 49% increase to the 2023 revision. The 2012 revision had set the value at Rs 7,000 per sq.ft, which was a decrease of 33% from the 2017 figure.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kadaperi

In Kadaperi, there are 142 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 7,700 per sq.ft. The median guideline value in the village is Rs 1,650 per sq.ft, placing Gandhi Road (Ward-5) above this median.

Stamp duty and registration fee for property in Gandhi Road (Ward-5)

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value would be Rs 77,00,000. The stamp duty at 7% would amount to Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, bringing the total fees to Rs 6,93,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Gandhi Road (Ward-5)?

The Sub Registrar Office that covers Gandhi Road (Ward-5) is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Kadaperi. It is used to determine the stamp duty and registration fees applicable when registering a property. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction process.

When a property is sold, the guideline value is often used as a benchmark to assess the sale price. This ensures that the transaction is recorded accurately and that the appropriate fees are collected based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value of Gandhi Road (Ward-5)?

The current guideline value of Gandhi Road (Ward-5) is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,690 per sq.ft in 2017 to Rs 7,700 per sq.ft in 2024, reflecting a 10% increase from the previous year and a 49% increase from 2017 to 2023.

What is the land classification for Gandhi Road (Ward-5)?

Gandhi Road (Ward-5) is classified as Commercial Class I Type - I, indicating its commercial usage and potential.

Where can I find the Sub Registrar Office for Gandhi Road (Ward-5)?

The Sub Registrar Office for Gandhi Road (Ward-5) is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Gandhi Road (Ward-5)?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 77,00,000 would incur a stamp duty of Rs 5,39,000 at a rate of 7%.