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Guideline Value

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Guideline Value for M.G.R.Street (Gandhi Nagar Part)

₹1800/sq.ft.

The guideline value for M.g.r.street (gandhi Nagar Part) in Oragadam village (Ambattur SRO, Chennai zone) is Rs 1800 per sq.ft, effective 1 July 2024. It was Rs 1700 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Oragadam

Village

Ambattur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹1800 /sq.ft.
From 1-4-2023 ₹1700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1139 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1700 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /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)

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 M.g.r.street (gandhi Nagar Part)

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M.G.R.Street (Gandhi Nagar Part) guideline value

The current guideline value of M.G.R.Street (Gandhi Nagar Part) is Rs 1,800 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village, under the Ambattur SRO, and is classified as Residential Class I Type - II.

How the guideline value of M.G.R.Street (Gandhi Nagar Part) has changed

The guideline value for M.G.R.Street (Gandhi Nagar Part) has seen several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft, which increased significantly to Rs 1,700 per sq.ft in 2012. However, it then decreased to Rs 1,139 per sq.ft in 2017. The value rose again to Rs 1,700 per sq.ft in 2023, and currently stands at Rs 1,800 per sq.ft as of the 2024 revision. Notably, there are no figures available for this street in the 2002 and 2003 revisions.

From 2017 to 2023, there was a substantial increase of 49%. The jump from 2012 to 2017 represented a decrease of 33%, while the increase from 2007 to 2012 was a remarkable 325%. Overall, from 2007 to 2024, the guideline value has increased by 350%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing M.G.R.Street (Gandhi Nagar Part) below this median.

Stamp duty and registration fee for property in M.G.R.Street (Gandhi Nagar Part)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value would be Rs 18,00,000. The stamp duty at 7% would be Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, bringing the total to Rs 1,62,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers M.G.R.Street (Gandhi Nagar Part)?

The Sub Registrar Office that covers M.G.R.Street (Gandhi Nagar Part) is the Ambattur Sub Registrar Office, located at 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 Oragadam

The guideline value is a critical factor in the registration process when buying or selling property in Oragadam. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the transaction.

Frequently asked questions

What is the current guideline value of M.G.R.Street (Gandhi Nagar Part)?

The current guideline value of M.G.R.Street (Gandhi Nagar Part) is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,800 per sq.ft in 2024, with various revisions in between, including a notable increase of 350% from 2007 to 2024.

What are the stamp duty and registration fees for property in M.G.R.Street (Gandhi Nagar Part)?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 1,62,000.

Where is the Sub Registrar Office located for M.G.R.Street (Gandhi Nagar Part)?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the guideline value determined for properties in Oragadam?

The guideline value in Oragadam is determined based on various factors and is updated periodically. It serves as a reference point for calculating stamp duty and registration fees during property transactions.