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Guideline Value

Corporate

Guideline Value for Sanjai Gandhi Nagar Main Road

₹1300/sq.ft.

The guideline value for Sanjai Gandhi Nagar Main Road in Tondaiarpet village (Royapuram 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 Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Tondaiarpet

Village

Royapuram

SRO

Residential Class II Type - I
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 N/A
From 1-8-2007 To 31-3-2012 ₹600 /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)

535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.
044-25960108
[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 Sanjai Gandhi Nagar Main Road

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Sanjai Gandhi Nagar Main Road guideline value

The current guideline value of Sanjai Gandhi Nagar Main Road is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the jurisdiction of the Royapuram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Sanjai Gandhi Nagar Main Road has changed

The guideline value for Sanjai Gandhi Nagar Main Road has seen several revisions over the years. In 2007, the value was set at Rs 600 per sq.ft, which increased to Rs 804 per sq.ft in 2017, marking a 34% rise. The next revision in 2023 brought the value to Rs 1,200 per sq.ft, reflecting a significant increase of 49%. The most recent revision in 2024 has further adjusted the value to Rs 1,300 per sq.ft, an 8% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2012 for this street. Overall, from 2007 to 2024, the guideline value has increased by 117%.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets that carry a guideline value for 2024, ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value in this area is Rs 1,600 per sq.ft, which indicates that the guideline value for Sanjai Gandhi Nagar Main Road is below this median.

Stamp duty and registration fee for property in Sanjai Gandhi Nagar Main Road

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 and the sale price.

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

Which Sub Registrar Office covers Sanjai Gandhi Nagar Main Road?

The Sub Registrar Office that covers Sanjai Gandhi Nagar Main Road is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Tondaiarpet. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for assessing the transaction price. Buyers should be aware that the stamp duty and registration fees will be calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Sanjai Gandhi Nagar Main Road?

The current guideline value of Sanjai Gandhi Nagar Main Road 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 600 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, reflecting a total increase of 117% over this period.

What are the other streets in Tondaiarpet with the same guideline value?

Other streets in Tondaiarpet with the same guideline value of Rs 1,300 per sq.ft include Sanjay Gandhi Nagar 1st, 2nd, 3rd, 4th, 5th, and 6th streets.

What is the stamp duty for a property in Sanjai Gandhi Nagar Main Road?

The stamp duty for a property valued at Rs 13,00,000 would be Rs 91,000, calculated at 7% of the guideline value.

Where can I find the Sub Registrar Office for Sanjai Gandhi Nagar Main Road?

The Sub Registrar Office for Sanjai Gandhi Nagar Main Road is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.