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Guideline Value

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Guideline Value for Gas Godown Street (Saraswathi Nagar)

₹3900/sq.ft.

The guideline value for Gas Godown Street (saraswathi Nagar) in Adambakkam village (Alandur SRO, Chennai zone) is Rs 3900 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Adambakkam

Village

Alandur

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹3900 /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 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)

12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061
044-22240222
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Gas Godown Street (saraswathi Nagar)

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Gas Godown Street (Saraswathi Nagar) guideline value

The current guideline value of Gas Godown Street (Saraswathi Nagar) is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village, under the Alandur SRO, and is classified as Residential Class I Type - III.

How the guideline value of Gas Godown Street (Saraswathi Nagar) has changed

The guideline value for Gas Godown Street has seen several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 3,500 per sq.ft. This was followed by a decrease to Rs 2,345 per sq.ft in the 2017 revision. The 2023 revision saw an increase to Rs 3,500 per sq.ft, and the most recent 2024 revision increased it further to Rs 3,900 per sq.ft, marking an 11% rise from the previous year.

In summary, the guideline value has changed significantly from 2012 to 2024. The value rose from Rs 3,500 in 2012 to Rs 3,900 in 2024, resulting in an overall increase of 11%. The revisions for the years 2002, 2003, and 2007 have no figures recorded for this street.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median guideline value is Rs 3,900 per sq.ft, which is equal to the current value of Gas Godown Street (Saraswathi Nagar).

Stamp duty and registration fee for property in Gas Godown Street (Saraswathi Nagar)

For a 1,000 sq.ft plot at the current guideline value, the total guideline value amounts to Rs 39,00,000. The stamp duty is calculated at 7%, which amounts to Rs 2,73,000, while the registration fee at 2% is Rs 78,000. The total cost for stamp duty and registration fee together is Rs 3,51,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Gas Godown Street (Saraswathi Nagar)?

The Gas Godown Street (Saraswathi Nagar) falls under the jurisdiction of the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Adambakkam. It is used to determine the stamp duty and registration fees during the registration process. Buyers and sellers must be aware of the current guideline value to ensure accurate financial planning.

When a property is bought or sold, the guideline value serves as a benchmark for calculating the applicable fees. It is essential for both parties to understand that the higher value between the guideline value and the sale price will be used for calculating the stamp duty.

Frequently asked questions

What is the current guideline value of Gas Godown Street (Saraswathi Nagar)?

The current guideline value of Gas Godown Street (Saraswathi Nagar) is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2012 to Rs 2,345 per sq.ft in 2017, then back to Rs 3,500 per sq.ft in 2023, and finally to Rs 3,900 per sq.ft in 2024.

What is the land classification of Gas Godown Street?

Gas Godown Street (Saraswathi Nagar) is classified as Residential Class I Type - III.

What is the registration office for Gas Godown Street?

The registration office for Gas Godown Street (Saraswathi Nagar) is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is stamp duty calculated for properties in Gas Godown Street?

Stamp duty for properties in Gas Godown Street is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% on the guideline value.