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Guideline Value

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Guideline Value for GANGA NAGAR - TNHB(2nd Block) 8th Cross Street

₹2750/sq.ft.

The guideline value for Ganga Nagar - Tnhb(2nd Block) 8th 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(2nd Block) 8th Cross Street

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GANGA NAGAR - TNHB(2nd Block) 8th Cross Street guideline value

The current guideline value for GANGA NAGAR - TNHB(2nd Block) 8th 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(2nd Block) 8th Cross Street has changed

The guideline value for GANGA NAGAR - TNHB(2nd Block) 8th Cross Street has seen significant changes over the years. In 2002, the value was Rs 194 per sq.ft. It increased to Rs 213 per sq.ft in 2003, marking a rise of 10%. The value saw a substantial jump to Rs 400 per sq.ft in 2007, which was an increase of 88%. Following that, it surged to Rs 2,500 per sq.ft in 2012, reflecting a remarkable increase of 525%. However, the value dropped to Rs 1,675 per sq.ft in 2017, a decrease of 33%. The guideline value then rose to Rs 2,500 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 2,750 per sq.ft, 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 that do not appear in this list.

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 of Rs 3,050 per sq.ft. The guideline value for GANGA NAGAR - TNHB(2nd Block) 8th Cross Street is below this median.

Stamp duty and registration fee for property in GANGA NAGAR - TNHB(2nd Block) 8th 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, bringing the total to Rs 2,47,500. Please 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 details.

Which Sub Registrar Office covers GANGA NAGAR - TNHB(2nd Block) 8th Cross Street?

The Sub Registrar Office that covers GANGA NAGAR - TNHB(2nd Block) 8th Cross Street is 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 an essential factor in the registration process when buying or selling property in Maduravoyal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for GANGA NAGAR - TNHB(2nd Block) 8th Cross Street?

The current guideline value for GANGA NAGAR - TNHB(2nd Block) 8th 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 from Rs 194 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, showing an overall increase of 1,318% over the years.

What is the land classification for this street?

GANGA NAGAR - TNHB(2nd Block) 8th Cross Street is classified as Residential Class IV Type - I.

Where can I find the registration office for this area?

The registration office covering GANGA NAGAR - TNHB(2nd Block) 8th Cross Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 2,47,500.