Guideline Value

Corporate

Guideline Value for S.M.R.ST, GANDHI NAGAR)

₹1300/sq.ft.

The guideline value for S.m.r.st, Gandhi Nagar) in Thandurai village (Avadi SRO, Chennai zone) is Rs 1300 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thandurai

Village

Avadi

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹1300 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /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)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 S.m.r.st, Gandhi Nagar)

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S.M.R.St, Gandhi Nagar) guideline value

The current guideline value of S.M.R.St, Gandhi Nagar) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Thandurai village, under the jurisdiction of the Avadi SRO, and is classified as Residential Special Type - III.

How the guideline value of S.M.R.St, Gandhi Nagar) has changed

The guideline value for S.M.R.St, Gandhi Nagar) has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft. In 2017, this value decreased to Rs 804 per sq.ft. The 2023 revision increased it to Rs 1,200 per sq.ft, and the most recent 2024 revision has raised it further to Rs 1,300 per sq.ft. There are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The overall change from 2012 to 2024 shows a slight increase of 8% in the guideline value per sq.ft.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,640 per sq.ft. The median value for these streets is Rs 988 per sq.ft, placing S.M.R.St, Gandhi Nagar) above this median.

Stamp duty and registration fee for property in S.M.R.St, Gandhi Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers S.M.R.St, Gandhi Nagar)?

The Sub Registrar Office that covers S.M.R.St, Gandhi Nagar) is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thandurai. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that both parties comply with the legal requirements.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is taken into account for calculating the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of S.M.R.St, Gandhi Nagar)?

The current guideline value of S.M.R.St, Gandhi Nagar) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,300 per sq.ft in 2024.

What is the land classification of S.M.R.St, Gandhi Nagar)?

S.M.R.St, Gandhi Nagar) is classified as Residential Special Type - III.

Where can I find the Sub Registrar Office for S.M.R.St, Gandhi Nagar)?

The Sub Registrar Office for S.M.R.St, Gandhi Nagar) is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Thandurai?

The stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 13,00,000, the stamp duty would be 7% of that amount.