Guideline Value for GANGA AVENUE I

Ganga Avenue I guideline value

The current guideline value of Ganga Avenue I is Rs 275 per sq.ft, effective from 1 July 2024. This street is located in Moorai-2 village under the Avadi SRO and falls under the Residential Class I Type - II 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 has no figure for this street in 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 200 per sq.ft, which was then increased by 38% to Rs 275 per sq.ft in the 2024 revision.

From 2023 to 2024, the guideline value increased from Rs 200 to Rs 275 per sq.ft. This change reflects a significant adjustment in the valuation of properties in this area.

Guideline values in Moorai-2

In Moorai-2, there are 7 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 275 to Rs 440 per sq.ft. The median guideline value for these streets is Rs 330 per sq.ft, placing Ganga Avenue I's 2024 figure below that median.

• Harish Nagar: Rs 275 per sq.ft (2024)
• Karpagam Nagar: Rs 330 per sq.ft (2024)
• Lakshmi Amman Nagar Annexe II: Rs 330 per sq.ft (2024)
• Sathya Nagar: Rs 440 per sq.ft (2024)
• Vijayashanthi Nagar: Rs 330 per sq.ft (2024)
• Thai Moogambikai Nagar: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Ganga Avenue I

For a 1,000 sq.ft plot at the current guideline value of Rs 275 per sq.ft, the total guideline value amounts to Rs 2,75,000. The stamp duty at 7% would be Rs 19,250, and the registration fee at 2% would be Rs 5,500, bringing the total fees to Rs 24,750. Note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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-2

The guideline value is a crucial factor when registering property transactions in Moorai-2. It serves as the basis for calculating stamp duty and registration fees, which are mandatory for legal property transfers.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate fees are paid. This process is essential for maintaining transparency and legality in property dealings.

Frequently asked questions

What is the current guideline value of Ganga Avenue I?

The current guideline value of Ganga Avenue I is Rs 275 per sq.ft, effective from 1 July 2024.

How much did the guideline value increase from 2023 to 2024?

The guideline value increased by 38% from Rs 200 per sq.ft in 2023 to Rs 275 per sq.ft in 2024.

What is the median guideline value for streets in Moorai-2?

The median guideline value for streets in Moorai-2 is Rs 330 per sq.ft, with Ganga Avenue I's 2024 figure being below this median.

Where is the Avadi Sub Registrar Office located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, on a plot valued at Rs 2,75,000, the stamp duty would be Rs 19,250 and the registration fee would be Rs 5,500.