Guideline Value

Corporate

Guideline Value for Gandhi Street

₹2750/sq.ft.

The guideline value for Gandhi Street in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 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

Madambakkam

Village

Selaiyur

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹2500 /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.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[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 Street

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Gandhi Street guideline value

The current guideline value of Gandhi Street in Madambakkam village is Rs 2,750 per sq.ft, effective from 1 July 2024. This street falls under the Selaiyur SRO and is classified as Commercial Class I Type - I.

How the guideline value of Gandhi Street has changed

Looking at the revisions, the guideline value for Gandhi Street remained unchanged at Rs 2,500 per sq.ft from the 2012 revision until the 2023 revision. In the 2024 revision, the value increased to Rs 2,750 per sq.ft, marking a 10% increase from the previous year. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value.

There are no figures available for the revisions in the years 2002, 2003, 2007, and 2017 for Gandhi Street. The 2023 revision saw a value of Rs 2,500 per sq.ft, while the 2012 revision also recorded Rs 2,500 per sq.ft.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, placing Gandhi Street's 2024 value above this median.

Stamp duty and registration fee for property in Gandhi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. 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 the stamp duty and registration fee calculator to estimate your costs.

Which Sub Registrar Office covers Gandhi Street?

The Sub Registrar Office that covers Gandhi Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone.

For more information, you can find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Madambakkam. It serves as a benchmark for determining the minimum value at which property transactions can be registered and is used to calculate the applicable stamp duty and registration fees.

When you register a property, the guideline value helps ensure that the transaction is documented at a value that reflects the prevailing rates in the area. This value is essential for both buyers and sellers to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Gandhi Street?

The current guideline value of Gandhi Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Gandhi Street has seen a 10% increase from Rs 2,500 per sq.ft in 2023 to Rs 2,750 per sq.ft in 2024. Overall, from 2012 to 2024, the value has increased by 10%.

What are the other streets in Madambakkam with their guideline values?

Other streets in Madambakkam include Gandhi Road at Rs 2,750 per sq.ft, Gandhi Nagar Main Road, Gandhi Nagar-Madampakkam Main Road, Gandhi Nagar 5th Main Road, Gandhi Nagar 4th Street, and Gandhi Nagar 4th Main Road, all with varying rates, the lowest being Rs 2,200 per sq.ft.

What is the stamp duty for property in Gandhi Street?

The stamp duty for property in Gandhi Street is calculated at 7% of the guideline value. For a property valued at Rs 27,50,000, the stamp duty would amount to Rs 1,92,500.

Where is the Sub Registrar Office for Gandhi Street located?

The Selaiyur Sub Registrar Office, which covers Gandhi Street, is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.