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Guideline Value

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Guideline Value for GANGA NAGAR - TNHB(2nd Block) 1st MainRoad

₹2750/sq.ft.

The guideline value for Ganga Nagar - Tnhb(2nd Block) 1st Mainroad 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(2nd Block) 1st Mainroad

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GANGA NAGAR - TNHB(2nd Block) 1st MainRoad guideline value

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

How the guideline value of GANGA NAGAR - TNHB(2nd Block) 1st MainRoad has changed

The guideline value for GANGA NAGAR - TNHB(2nd Block) 1st MainRoad has seen several revisions over the years. The earliest recorded figure is from 2002, which was Rs 194 per sq.ft. This increased to Rs 213 per sq.ft in 2003, marking a 10% rise. By 2007, the value jumped significantly to Rs 400 per sq.ft, reflecting an 88% increase. In 2012, the value was Rs 2,500 per sq.ft, indicating a substantial rise of 525%. However, it decreased to Rs 1,675 per sq.ft in 2017, showing a decline of 33%. The value then rose to Rs 2,500 per sq.ft in 2023, before reaching the current figure 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 1318%. Notably, there are no records for revisions in the years not mentioned in this overview.

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(2nd Block) 1st MainRoad is below this median.

Stamp duty and registration fee for property in GANGA NAGAR - TNHB(2nd Block) 1st MainRoad

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be 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 the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers GANGA NAGAR - TNHB(2nd Block) 1st MainRoad?

The GANGA NAGAR - TNHB(2nd Block) 1st MainRoad 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 details.

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

When buying or selling property in Maduravoyal, the guideline value plays a crucial role in determining the registration fees and stamp duty. The registration office uses this value to calculate the necessary fees, which are based on the guideline value or the sale price, whichever is higher.

It is essential for buyers and sellers to be aware of the current guideline value to ensure that they are prepared for the financial implications of property transactions. This value serves as a benchmark for assessing property prices in the area.

Frequently asked questions

What is the current guideline value for GANGA NAGAR - TNHB(2nd Block) 1st MainRoad?

The current guideline value for GANGA NAGAR - TNHB(2nd Block) 1st MainRoad 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 1318% over the years.

What is the land classification for GANGA NAGAR - TNHB(2nd Block) 1st MainRoad?

The land classification for GANGA NAGAR - TNHB(2nd Block) 1st MainRoad is Residential Class IV Type - I.

Where can I find the registration office for this area?

The registration office for GANGA NAGAR - TNHB(2nd Block) 1st MainRoad is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

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

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500. The duty is calculated on the higher of the guideline value or the sale price.