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Guideline Value

Corporate

Guideline Value for G.K.Industrial Estate 2nd Main Road

₹4400/sq.ft.

The guideline value for G.k.industrial Estate 2nd 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 2nd Main Road

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G.K.Industrial Estate 2nd Main Road guideline value

The current guideline value of G.K.Industrial Estate 2nd 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, and is classified as Residential Special Type - II.

How the guideline value of G.K.Industrial Estate 2nd Main Road has changed

The guideline value for G.K.Industrial Estate 2nd Main Road has undergone several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 438 per sq.ft. This increased to Rs 480 per sq.ft in 2003, marking a 10% rise. The value saw a significant jump to Rs 750 per sq.ft in 2007, which is a 56% increase from the previous revision. In 2012, the value was Rs 4,000 per sq.ft, reflecting a decrease of 433% from 2007.

From 2012 to 2017, the guideline value dropped to Rs 2,680 per sq.ft, indicating a decline of 33%. The value then rose to Rs 4,000 per sq.ft in 2023, a 49% increase. The latest revision in 2024 has set the guideline value at Rs 4,400 per sq.ft, which is a 10% increase from 2023. Overall, from 2002 to 2024, the guideline value has increased by 905%.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 6,050 per sq.ft. The median guideline value for these streets is Rs 3,050 per sq.ft, placing G.K.Industrial Estate 2nd Main Road above this median.

Stamp duty and registration fee for property in G.K.Industrial Estate 2nd 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 use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers G.K.Industrial Estate 2nd Main Road?

The G.K.Industrial Estate 2nd 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 during the registration of property transactions in Maduravoyal. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the transaction is recorded accurately and that the appropriate taxes are paid to the government.

Frequently asked questions

What is the current guideline value of G.K.Industrial Estate 2nd Main Road?

The current guideline value of G.K.Industrial Estate 2nd 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 significantly from Rs 438 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, representing an overall increase of 905% across the revisions.

What is the land classification for G.K.Industrial Estate 2nd Main Road?

The land classification for G.K.Industrial Estate 2nd Main Road is Residential Special Type - II.

What are the stamp duty and registration fees for property transactions?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 3,96,000.

Which office handles registrations for G.K.Industrial Estate 2nd Main Road?

The Virugambakkam Sub Registrar Office handles registrations for G.K.Industrial Estate 2nd Main Road, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.