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Guideline Value

Corporate

Guideline Value for Gothavari Street(GANGA NAGAR)

₹3300/sq.ft.

The guideline value for Gothavari Street(ganga Nagar) in Moovarasampattu village (Alandur SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Moovarasampattu

Village

Alandur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹650 /sq.ft.
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 Gothavari Street(ganga Nagar)

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Gothavari Street(GANGA NAGAR) guideline value

The current guideline value of Gothavari Street(GANGA NAGAR) is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Moovarasampattu village, under the Alandur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Gothavari Street(GANGA NAGAR) has changed

The guideline value for Gothavari Street(GANGA NAGAR) has seen several revisions over the years. In 2007, the value was Rs 650 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012. However, it then decreased to Rs 2,010 per sq.ft in 2017. The 2023 revision set the value at Rs 3,000 per sq.ft, and the most recent revision in 2024 raised it to Rs 3,300 per sq.ft.

Between the revisions, the changes were notable. The increase from 2017 to 2023 was 49%, while the jump from 2023 to 2024 was 10%. The value saw a dramatic rise of 362% from 2007 to 2012, and an overall increase of 408% from 2007 to 2024. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Moovarasampattu

In Moovarasampattu, there are 68 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median value is Rs 3,300 per sq.ft, which is the same as the current guideline value for Gothavari Street(GANGA NAGAR).

Stamp duty and registration fee for property in Gothavari Street(GANGA NAGAR)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. Note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gothavari Street(GANGA NAGAR)?

The Gothavari Street(GANGA NAGAR) is covered by 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 information.

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

The guideline value is an essential factor in the registration process of property transactions in Moovarasampattu. It helps determine the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Gothavari Street(GANGA NAGAR)?

The current guideline value of Gothavari Street(GANGA NAGAR) is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 650 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 408% over the years.

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

Other streets in Moovarasampattu include Gokulam Nagar Base 2, Gokulam Nagar 3rd Street, Gokulam Nagar 3rd main road, Gokulam Nagar 2nd Street, Gokulam Nagar 2nd Main road, and Gokulam Nagar 1st Street, all valued at Rs 4,400 per sq.ft in 2024.

What is the stamp duty for property in Gothavari Street(GANGA NAGAR)?

The stamp duty for property in Gothavari Street(GANGA NAGAR) is 7% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 2,31,000.

Which office handles registrations for Gothavari Street(GANGA NAGAR)?

The Alandur Sub Registrar Office handles registrations for Gothavari Street(GANGA NAGAR), located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.