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Guideline Value

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Guideline Value for GANGA NAGAR - TNHB(1st Block) 1st Cross Street

₹2750/sq.ft.

The guideline value for Ganga Nagar - Tnhb(1st Block) 1st Cross Street 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 ₹213 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹194 /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 Ganga Nagar - Tnhb(1st Block) 1st Cross Street

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GANGA NAGAR - TNHB(1st Block) 1st Cross Street guideline value

The current guideline value for GANGA NAGAR - TNHB(1st Block) 1st Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village, under the Virugambakkam SRO, and is classified as Residential Class IV Type - I.

How the guideline value of GANGA NAGAR - TNHB(1st Block) 1st Cross Street has changed

The guideline value for GANGA NAGAR - TNHB(1st Block) 1st Cross Street has undergone several revisions since 2002. The 2002 revision recorded a value of Rs 194 per sq.ft, which increased to Rs 213 per sq.ft in 2003, marking a 10% rise. By 2007, the value surged to Rs 400 per sq.ft, reflecting an increase of 88%. The 2012 revision saw a significant jump to Rs 2,500 per sq.ft, which was a 525% increase from the previous figure. However, the 2017 revision brought the value down to Rs 1,675 per sq.ft, a decrease of 33%. The guideline value then rose again to Rs 2,500 per sq.ft in 2023, before reaching the current rate of Rs 2,750 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1,318%. The register has no figure for the years between 2017 and 2023.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 6,050 per sq.ft, with a median value of Rs 3,050 per sq.ft. The guideline value for GANGA NAGAR - TNHB(1st Block) 1st Cross Street is below this median.

Stamp duty and registration fee for property in GANGA NAGAR - TNHB(1st Block) 1st Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the 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, totaling Rs 2,47,500. 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 NAGAR - TNHB(1st Block) 1st Cross Street?

The GANGA NAGAR - TNHB(1st Block) 1st Cross Street 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 further assistance.

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

The guideline value is a crucial factor in the registration of property transactions in Maduravoyal. It serves as a benchmark for calculating the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When you buy or sell property, the guideline value is compared with the sale price to determine the applicable duties. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value for GANGA NAGAR - TNHB(1st Block) 1st Cross Street?

The current guideline value for GANGA NAGAR - TNHB(1st Block) 1st Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 194 per sq.ft to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 1,318% over the years.

What is the land classification for GANGA NAGAR - TNHB(1st Block) 1st Cross Street?

The land classification for GANGA NAGAR - TNHB(1st Block) 1st Cross Street is Residential Class IV Type - I.

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

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For a property valued at Rs 27,50,000, the total fees would amount to Rs 2,47,500.

Where can I find the Sub Registrar Office for GANGA NAGAR - TNHB(1st Block) 1st Cross Street?

The Sub Registrar Office for GANGA NAGAR - TNHB(1st Block) 1st Cross Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.