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Guideline Value

Corporate

Guideline Value for Gandhi Road, Moovendhar Nagar

₹2475/sq.ft.

The guideline value for Gandhi Road, Moovendhar Nagar in Pammal village (Pammal SRO, Chengalpattu zone) is Rs 2475 per sq.ft, effective 1 July 2024. It was Rs 2250 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Pammal

Village

Pammal

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹2475 /sq.ft.
From 1-4-2023 ₹2250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1507 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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)

Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075
044-22480069
[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, Moovendhar Nagar

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Gandhi Road, Moovendhar Nagar guideline value

The current guideline value of Gandhi Road, Moovendhar Nagar is Rs 2,475 per sq.ft, effective from 1 July 2024. This street is located in Pammal village under the Pammal SRO and is classified as Residential Class I Type - II.

How the guideline value of Gandhi Road, Moovendhar Nagar has changed

The guideline value for Gandhi Road, Moovendhar Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 1,507 per sq.ft. This increased significantly to Rs 2,250 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 further increased the value by 10%, bringing it to Rs 2,475 per sq.ft.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft as of 2024. The median guideline value for these streets is Rs 2,090 per sq.ft, making the current value of Gandhi Road, Moovendhar Nagar above this median.

Stamp duty and registration fee for property in Gandhi Road, Moovendhar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,475 per sq.ft, the total guideline value would be Rs 24,75,000. The stamp duty at 7% would amount to Rs 1,73,250, and the registration fee at 2% would be Rs 49,500, resulting in a total of Rs 2,22,750. It is important to note that the 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 details.

Which Sub Registrar Office covers Gandhi Road, Moovendhar Nagar?

The Sub Registrar Office that covers Gandhi Road, Moovendhar Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pammal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

During the registration process, the guideline value is compared to the sale price, and the higher of the two values is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Gandhi Road, Moovendhar Nagar?

The current guideline value of Gandhi Road, Moovendhar Nagar is Rs 2,475 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,507 per sq.ft in 2017 to Rs 2,250 per sq.ft in 2023, and then to Rs 2,475 per sq.ft in 2024, marking an overall increase of 64% from 2017 to 2024.

What is the land classification for Gandhi Road, Moovendhar Nagar?

The land classification for Gandhi Road, Moovendhar Nagar is Residential Class I Type - II.

Where can I find the Sub Registrar Office for Gandhi Road, Moovendhar Nagar?

The Sub Registrar Office for Gandhi Road, Moovendhar Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, the stamp duty for a property valued at Rs 24,75,000 would be Rs 1,73,250 at a rate of 7%.