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Guideline Value

Corporate

Guideline Value for G.K.Industrial Estate 1st Main Road

₹4400/sq.ft.

The guideline value for G.k.industrial Estate 1st Main Road in Maduravoyal village (Virugambakkam SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Maduravoyal

Village

Virugambakkam

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹750 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹480 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹438 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[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 G.k.industrial Estate 1st Main Road

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G.K.Industrial Estate 1st Main Road guideline value

The current guideline value of G.K.Industrial Estate 1st Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village under the Virugambakkam SRO, classified as Residential Special Type - II.

How the guideline value of G.K.Industrial Estate 1st Main Road has changed

The guideline value for G.K.Industrial Estate 1st Main Road has undergone several revisions over the years. The earliest recorded figure is from 2002, with a guideline value of Rs 438 per sq.ft. This increased to Rs 480 per sq.ft in 2003, marking a change of +10%. Following this, the value rose significantly to Rs 750 per sq.ft in 2007, an increase of +56%. In 2012, the value reached Rs 4,000 per sq.ft, which represented a substantial increase of +433% from the previous revision. However, this was followed by a decrease of -33% to Rs 2,680 per sq.ft in 2017.

From 2017 to 2023, the guideline value saw a notable rise of +49%, reaching Rs 4,000 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 4,400 per sq.ft, reflecting a change of +10% from the 2023 figure. It is important to note that there are no figures available for the revisions in years not listed.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,200 to Rs 6,050 per sq.ft. The median guideline value in the village is Rs 3,050 per sq.ft, placing G.K.Industrial Estate 1st Main Road above this median.

Stamp duty and registration fee for property in G.K.Industrial Estate 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers G.K.Industrial Estate 1st Main Road?

The G.K.Industrial Estate 1st Main Road falls under the jurisdiction of the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Maduravoyal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when registering a property. Buyers and sellers must be aware of the current guideline value to ensure compliance with the regulations set by the local authorities.

When a property is sold, the guideline value is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values for different areas.

Frequently asked questions

What is the current guideline value for G.K.Industrial Estate 1st Main Road?

The current guideline value for G.K.Industrial Estate 1st Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 438 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of +905% over the years.

What is the land classification for G.K.Industrial Estate 1st Main Road?

The land classification for G.K.Industrial Estate 1st Main Road is Residential Special Type - II.

Where is the Sub Registrar Office for G.K.Industrial Estate 1st Main Road located?

The Sub Registrar Office covering G.K.Industrial Estate 1st Main Road is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in G.K.Industrial Estate 1st Main 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 44,00,000, the stamp duty at 7% would be Rs 3,08,000.