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Guideline Value

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Guideline Value for Gandhi Street (Ward 7) (Elango Nagar)

₹1700/sq.ft.

The guideline value for Gandhi Street (ward 7) (elango Nagar) in Menambedu village (Ambattur SRO, Chennai zone) is Rs 1700 per sq.ft, effective 1 July 2024. It was Rs 1600 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Menambedu

Village

Ambattur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1700 /sq.ft.
From 1-4-2023 ₹1600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1072 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1600 /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)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Street (ward 7) (elango Nagar)

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Gandhi Street (Ward 7) (Elango Nagar) guideline value

The current guideline value of Gandhi Street (Ward 7) (Elango Nagar) is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Menambedu village and falls under the Ambattur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Gandhi Street (Ward 7) (Elango Nagar) has changed

The guideline value for Gandhi Street (Ward 7) (Elango Nagar) has undergone several revisions over the years. The earliest available figure is from 2012, which was Rs 1,600 per sq.ft. This was followed by a decrease to Rs 1,072 per sq.ft in 2017. The guideline value then increased to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024. The register has no figures for the years 2002, 2003, and 2007.

Between the revisions, there have been notable changes. From 2012 to 2017, there was a decrease of 33%. However, the value increased by 49% from 2017 to 2023. The overall change from 2012 to 2024 shows a slight increase of 6%.

Guideline values in Menambedu

In Menambedu, there are 171 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 6,680 per sq.ft. The median guideline value in this village is Rs 1,003 per sq.ft, making the 2024 figure for Gandhi Street (Ward 7) (Elango Nagar) above that median.

Stamp duty and registration fee for property in Gandhi Street (Ward 7) (Elango Nagar)

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

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

Which Sub Registrar Office covers Gandhi Street (Ward 7) (Elango Nagar)?

The Sub Registrar Office that covers Gandhi Street (Ward 7) (Elango Nagar) is the Ambattur Sub Registrar Office. The address is Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Menambedu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling a property, the guideline value helps both parties understand the value of the property in the context of local regulations. It is essential for buyers and sellers to be aware of these values to facilitate a smooth transaction process.

Frequently asked questions

What is the current guideline value of Gandhi Street (Ward 7) (Elango Nagar)?

The current guideline value of Gandhi Street (Ward 7) (Elango Nagar) 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 from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, then to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

What is the land classification for Gandhi Street (Ward 7) (Elango Nagar)?

The land classification for Gandhi Street (Ward 7) (Elango Nagar) is Residential Special Type - I.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

Which office handles the registration for Gandhi Street (Ward 7) (Elango Nagar)?

The Ambattur Sub Registrar Office handles the registration for Gandhi Street (Ward 7) (Elango Nagar), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.