Guideline Value

Corporate

Guideline Value for GANESH NAGAR

₹840/sq.ft.

The guideline value for Ganesh Nagar in Thiruninravur-a village (Avadi SRO, Chennai zone) is Rs 840 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 5% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruninravur-a

Village

Avadi

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹840 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹737 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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 Ganesh Nagar

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Ganesh Nagar guideline value

The current guideline value of Ganesh Nagar, located in Thiruninravur-A village under the Avadi SRO, is Rs 840 per sq.ft as per the 2024 revision effective from 1 July 2024. This area falls under the Residential Class II Type - II land classification.

How the guideline value of Ganesh Nagar has changed

In the 2017 revision, the guideline value was Rs 737 per sq.ft. This increased to Rs 800 per sq.ft in the 2023 revision, marking a change of +9%. The most recent 2024 revision set the value at Rs 840 per sq.ft, reflecting a +5% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by +14%.

The register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only revisions available are from 2017, 2023, and 2024.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft. The median value for these streets is Rs 750 per sq.ft, placing Ganesh Nagar's 2024 figure above this median.

Stamp duty and registration fee for property in Ganesh Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 840 per sq.ft, the total guideline value amounts to Rs 8,40,000. The stamp duty at 7% would be Rs 58,800, while the registration fee at 2% would be Rs 16,800, leading to a total cost of Rs 75,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Ganesh Nagar?

Ganesh Nagar is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. To find your specific SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value plays a crucial role in property transactions in Thiruninravur-A, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on the guideline value or the sale price, whichever is higher.

It is essential for buyers to be aware of the guideline value to ensure compliance with legal requirements during the registration process. Understanding this value can help facilitate smoother transactions and avoid any potential legal issues.

Frequently asked questions

What is the current guideline value of Ganesh Nagar?

The current guideline value of Ganesh Nagar is Rs 840 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen an increase from Rs 737 per sq.ft in 2017 to Rs 800 per sq.ft in 2023, and finally to Rs 840 per sq.ft in 2024. This represents a total increase of +14% from 2017 to 2024.

What are the stamp duty and registration fees for property in Ganesh Nagar?

For a property valued at Rs 8,40,000, the stamp duty would be Rs 58,800 and the registration fee would be Rs 16,800, totaling Rs 75,600. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office should I visit for Ganesh Nagar?

Ganesh Nagar is under the jurisdiction of the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the land classification of Ganesh Nagar?

Ganesh Nagar is classified under Residential Class II Type - II. This classification is important for understanding the permissible uses of the land in the area.