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Guideline Value

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Guideline Value for GANGA NAGAR - TNHB(1st Block) 3rd Main Road

₹2750/sq.ft.

The guideline value for Ganga Nagar - Tnhb(1st Block) 3rd Main Road in Maduravoyal village (Virugambakkam SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Maduravoyal

Village

Virugambakkam

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
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)

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 Ganga Nagar - Tnhb(1st Block) 3rd Main Road

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GANGA NAGAR - TNHB(1st Block) 3rd Main Road guideline value

The current guideline value for GANGA NAGAR - TNHB(1st Block) 3rd Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This property is located in Maduravoyal village, under the Virugambakkam SRO, and falls under the Residential Class IV Type - I land classification.

How the guideline value of GANGA NAGAR - TNHB(1st Block) 3rd Main Road has changed

The guideline value for GANGA NAGAR - TNHB(1st Block) 3rd Main Road has seen several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2012, marking a substantial rise of 525%. However, between 2012 and 2017, the value decreased to Rs 1,675 per sq.ft, a drop of 33%. The value then rose again to Rs 2,500 per sq.ft in 2023, followed by the latest increase to Rs 2,750 per sq.ft in 2024, reflecting a 10% rise.

From 2017 to 2023, the increase was notable at 49%. Overall, from 2007 to 2024, the guideline value has increased by 588%. The register does not contain figures for the years 2002 and 2003 for this street.

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 value for these streets is Rs 3,050 per sq.ft, placing GANGA NAGAR - TNHB(1st Block) 3rd Main Road below this median.

Stamp duty and registration fee for property in GANGA NAGAR - TNHB(1st Block) 3rd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. It is important to note that 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 GANGA NAGAR - TNHB(1st Block) 3rd Main Road?

The GANGA NAGAR - TNHB(1st Block) 3rd Main Road falls under the Virugambakkam Sub Registrar Office located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, visit find your SRO.

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

The guideline value is a critical factor during the registration process of property transactions in Maduravoyal. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of GANGA NAGAR - TNHB(1st Block) 3rd Main Road?

The current guideline value of GANGA NAGAR - TNHB(1st Block) 3rd Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, showing an overall increase of 588% over the years.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in GANGA NAGAR - TNHB(1st Block) 3rd Main Road is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for this property?

The Sub Registrar Office covering GANGA NAGAR - TNHB(1st Block) 3rd Main Road is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for GANGA NAGAR - TNHB(1st Block) 3rd Main Road?

The land classification for GANGA NAGAR - TNHB(1st Block) 3rd Main Road is Residential Class IV Type - I.