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Guideline Value

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Guideline Value for GANGA NAGAR - TNHB(1st Block) 6th Cross Street

₹2750/sq.ft.

The guideline value for Ganga Nagar - Tnhb(1st Block) 6th 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) 6th Cross Street

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GANGA NAGAR - TNHB(1st Block) 6th Cross Street guideline value

The current guideline value of GANGA NAGAR - TNHB(1st Block) 6th 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) 6th Cross Street has changed

The guideline value for GANGA NAGAR - TNHB(1st Block) 6th Cross Street has seen several revisions over the years. Starting from Rs 194 per sq.ft in 2002, it increased to Rs 213 per sq.ft in 2003, marking a 10% rise. The value then saw a significant increase to Rs 400 per sq.ft in 2007, which was a rise of 88%. Following this, the value surged to Rs 2,500 per sq.ft in 2012, reflecting a remarkable increase of 525%. However, between 2012 and 2017, the value dropped to Rs 1,675 per sq.ft, indicating a decrease of 33%. The guideline value then increased to Rs 2,500 per sq.ft in 2023, followed by another rise to the current value of Rs 2,750 per sq.ft in 2024, which is a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1,318%. The register has no figure for the years not mentioned in the revisions.

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. The median value for these streets is Rs 3,050 per sq.ft, placing GANGA NAGAR - TNHB(1st Block) 6th Cross Street below this median.

Stamp duty and registration fee for property in GANGA NAGAR - TNHB(1st Block) 6th 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, totaling Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers GANGA NAGAR - TNHB(1st Block) 6th Cross Street?

The GANGA NAGAR - TNHB(1st Block) 6th Cross Street falls under the jurisdiction of the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. For more details, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Maduravoyal. It serves as the basis for calculating stamp duty and registration fees, which are mandatory for all property transactions. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

When a property is sold, the buyer typically pays the higher amount between the guideline value and the sale price for the purpose of calculating the applicable duties and fees. 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) 6th Cross Street?

The current guideline value of GANGA NAGAR - TNHB(1st Block) 6th 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 from Rs 194 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 1,318% over this period.

What is the land classification of GANGA NAGAR - TNHB(1st Block) 6th Cross Street?

This street is classified as Residential Class IV Type - I.

Where is the Sub Registrar Office for this street located?

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

How is the stamp duty calculated for properties in GANGA NAGAR - TNHB(1st Block) 6th Cross Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,92,500.