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Guideline Value for Gandhi Street To Join The Bajanikoil Street

₹3800/sq.ft.effective 1 July 2024

Chennai zone Mugappair village Konnur SRO Residential Class Ii Type - I

The guideline value for Gandhi Street To Join The Bajanikoil Street in Mugappair village (Konnur SRO, Chennai zone) is Rs 3800 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

History
Period Guideline Value
From 1-7-2024 ₹3800 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹381 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹347 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Register Office , Villivakkam Panchat,union Office Complex ,dunlop Bus Stop ,ambattur ,chennai
044-26173020
[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 To Join The Bajanikoil Street

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Gandhi Street to join the Bajanikoil street guideline value

The current guideline value of Gandhi Street to join the Bajanikoil street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Mugappair village under the Konnur SRO, classified as Residential Class II Type - I.

How the guideline value of Gandhi Street to join the Bajanikoil street has changed

The guideline value for Gandhi Street has undergone several revisions over the years. In 2002, the rate was Rs 347 per sq.ft, which increased to Rs 381 per sq.ft in 2003. Following this, the value rose significantly to Rs 800 per sq.ft in 2007, and then to Rs 3,500 per sq.ft in 2012. However, it decreased to Rs 2,345 per sq.ft in 2017, before climbing back to Rs 3,500 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 3,800 per sq.ft, marking a 9% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 995%. The register has no figure for this street in the years not listed above.

Guideline values in Mugappair

In Mugappair, there are 224 streets under the Konnur SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 8,800 per sq.ft, with a median value of Rs 7,100 per sq.ft. The guideline value for Gandhi Street is below this median.

Stamp duty and registration fee for property in Gandhi Street to join the Bajanikoil street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, making the total Rs 3,42,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Gandhi Street to join the Bajanikoil street?

The Sub Registrar Office that covers Gandhi Street to join the Bajanikoil street is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more details.

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

The guideline value is a crucial factor during property transactions in Mugappair. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers should be aware that the guideline value can influence the overall costs involved in property transactions.

When registering a property, the guideline value serves as a benchmark for calculating the taxes owed. It is important to note that the duty is charged on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate fees based on the property's valuation.

Frequently asked questions

What is the current guideline value of Gandhi Street to join the Bajanikoil street?

The current guideline value of Gandhi Street to join the Bajanikoil street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 347 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, marking an overall increase of 995% over this period.

What is the classification of land on Gandhi Street?

The land classification for Gandhi Street is Residential Class II Type - I, which is important for understanding the zoning regulations applicable to this area.

Where can I find the Sub Registrar Office for Gandhi Street?

The Konnur Sub Registrar Office, which covers Gandhi Street, is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is the stamp duty calculated for properties in Gandhi Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 38,00,000, the stamp duty would be Rs 2,66,000 at a rate of 7%.