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Guideline Value

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Guideline Value for GANGA NAGAR - TNHB(1st Block) 3rd Cross Street

₹2750/sq.ft.

The guideline value for Ganga Nagar - Tnhb(1st Block) 3rd 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) 3rd Cross Street

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GANGA NAGAR - TNHB(1st Block) 3rd Cross Street guideline value

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

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

Over the years, the guideline value of GANGA NAGAR - TNHB(1st Block) 3rd Cross Street has seen significant changes. The register shows a progression from Rs 194 per sq.ft in 2002 to Rs 213 per sq.ft in 2003, marking a 10% increase. Following this, the value rose to Rs 400 per sq.ft in 2007, which is an increase of 88%. The value then surged to Rs 2,500 per sq.ft in 2012, reflecting a substantial 525% jump. However, it decreased to Rs 1,675 per sq.ft in 2017, showing a decline of 33%. The value then increased to Rs 2,500 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 2,750 per sq.ft, representing a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2002 to 2024, the guideline value has risen by 1,318%.

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 as per the 2024 revision. The median value for these streets is Rs 3,050 per sq.ft, placing GANGA NAGAR - TNHB(1st Block) 3rd Cross Street's 2024 figure below this median.

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

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 cost to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers GANGA NAGAR - TNHB(1st Block) 3rd Cross Street?

The GANGA NAGAR - TNHB(1st Block) 3rd 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 more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Maduravoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for GANGA NAGAR - TNHB(1st Block) 3rd Cross Street?

The current guideline value for GANGA NAGAR - TNHB(1st Block) 3rd Cross Street 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 significantly, increasing from Rs 194 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, which is an overall increase of 1,318%.

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

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

Where is the Sub Registrar Office located for this street?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How can I calculate the registration fees?

You can calculate the registration fees using the stamp duty and registration fee calculator available online.