Guideline Value

Corporate

Guideline Value for GANGA AVENUE I

₹220/sq.ft.

The guideline value for Ganga Avenue I in Moorai-1 village (Avadi SRO, Chennai zone) is Rs 220 per sq.ft, effective 1 July 2024. It was Rs 200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Moorai-1

Village

Avadi

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹220 /sq.ft.
From 1-4-2023 ₹200 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
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 Ganga Avenue I

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Ganga Avenue I guideline value

The current guideline value of Ganga Avenue I is Rs 220 per sq.ft, effective from 1 July 2024. This street is located in Moorai-1 village under the Avadi Sub Registrar Office (SRO) and falls under the Residential Class I Type - III land classification.

How the guideline value of Ganga Avenue I has changed

The guideline value for Ganga Avenue I has seen several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. However, in the 2023 revision, the guideline value was set at Rs 200 per sq.ft. The most recent revision in 2024 increased this figure to Rs 220 per sq.ft, marking a 10% increase from the previous year.

With the 2024 revision, Ganga Avenue I's guideline value is now Rs 220 per sq.ft. This is a significant change compared to the 2023 figure of Rs 200 per sq.ft. The increase reflects the adjustments made in the guideline values for various properties in the area.

Guideline values in Moorai-1

Moorai-1 village has a range of guideline values across its streets, with figures for 2024 varying from Rs 220 to Rs 550 per sq.ft. Ganga Avenue I's 2024 guideline value is below the median of Rs 550 per sq.ft for the village. The following are the guideline values for other streets in Moorai-1:

Stamp duty and registration fee for property in Ganga Avenue I

For a 1,000 sq.ft plot at the current rate of Rs 220 per sq.ft, the guideline value amounts to Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, and the registration fee at 2% would be Rs 4,400, bringing the total to Rs 19,800. 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 detailed calculations.

Which Sub Registrar Office covers Ganga Avenue I?

The Sub Registrar Office that covers Ganga Avenue I 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 information.

How the guideline value is used when you buy or sell in Moorai-1

The guideline value is a critical factor when buying or selling property in Moorai-1, as it determines the stamp duty and registration fees payable during the transaction. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used for calculating the applicable duties.

When registering a property, the guideline value helps ensure that the transaction is recorded accurately and that the necessary fees are paid. It serves as a benchmark for property transactions in the area, reflecting the official value set by the Registration Department.

Frequently asked questions

What is the current guideline value of Ganga Avenue I?

The current guideline value of Ganga Avenue I is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Ganga Avenue I was Rs 200 per sq.ft in 2023 and increased to Rs 220 per sq.ft in 2024, marking a 10% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Moorai-1?

The median guideline value in Moorai-1 for 2024 is Rs 550 per sq.ft. Ganga Avenue I's guideline value is below this median.

What are the stamp duty and registration fees for Ganga Avenue I?

For a plot of 1,000 sq.ft at the current guideline value, the total stamp duty and registration fees would amount to Rs 19,800. This includes a stamp duty of Rs 15,400 and a registration fee of Rs 4,400.

Which office handles the registration for Ganga Avenue I?

The Avadi Sub Registrar Office handles the registration for Ganga Avenue I. It is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.