Guideline Value

Corporate

Guideline Value for MAHATMA GANDHI ROAD

₹12660/sq.ft.

The guideline value for Mahatma Gandhi Road in Thiruvanmiyur village (Chennai South Joint I SRO, Chennai zone) is Rs 12660 per sq.ft, effective 1 July 2024. It was Rs 11500 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:

Chennai

Zone

Thiruvanmiyur

Village

Chennai South Joint I

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹12660 /sq.ft.
From 1-4-2023 ₹11500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹7705 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹11500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹5000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹2283 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹2064 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[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 Mahatma Gandhi Road

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Mahatma Gandhi Road guideline value

The current guideline value of Mahatma Gandhi Road in Thiruvanmiyur village is Rs 12,660 per sq.ft, effective from 1 July 2024. This road falls under the Chennai South Joint I SRO and is classified as Commercial Class I Type - I.

How the guideline value of Mahatma Gandhi Road has changed

The guideline value for Mahatma Gandhi Road has seen several revisions over the years. In 2002, the value was Rs 2,064 per sq.ft, which increased to Rs 2,283 per sq.ft in 2003, marking an increase of 11%. The value then rose significantly to Rs 5,000 per sq.ft in 2007, reflecting a 119% increase. By 2012, the value was Rs 11,500 per sq.ft, showing a substantial increase of 130%. However, this value decreased to Rs 7,705 per sq.ft in 2017, a decline of 33%. The 2023 revision set the value at Rs 11,500 per sq.ft, which then increased by 10% to the current rate of Rs 12,660 per sq.ft in 2024.

Overall, from 2002 to 2024, the guideline value has increased by 513%. Notably, there are no figures available for the revisions between 2012 and 2017 for this street.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median value for these streets is Rs 9,900 per sq.ft, placing Mahatma Gandhi Road's 2024 figure above the median.

Stamp duty and registration fee for property in Mahatma Gandhi Road

For a 1,000 sq.ft plot at the current guideline value of Rs 12,660 per sq.ft, the total guideline value amounts to Rs 1,26,60,000. The stamp duty at 7% would be Rs 8,86,200, and the registration fee at 2% would be Rs 2,53,200, totaling Rs 11,39,400. It's 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 Mahatma Gandhi Road?

The Mahatma Gandhi Road falls under the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thiruvanmiyur. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the value of the transaction.

Frequently asked questions

What is the current guideline value of Mahatma Gandhi Road?

The current guideline value of Mahatma Gandhi Road is Rs 12,660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,064 per sq.ft in 2002 to Rs 12,660 per sq.ft in 2024, reflecting an overall increase of 513% over the years.

What is the registration office for Mahatma Gandhi Road?

The registration office for Mahatma Gandhi Road is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is stamp duty calculated for properties on Mahatma Gandhi Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 1,26,60,000, the stamp duty would be Rs 8,86,200 at a rate of 7%.

What are the guideline values of other streets in Thiruvanmiyur?

Other streets in Thiruvanmiyur have guideline values ranging from Rs 3,520 to Rs 12,660 per sq.ft. Notably, streets like Malavia Avenue and its cross streets also have a guideline value of Rs 12,660 per sq.ft in 2024.