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Guideline Value

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Guideline Value for GANGA NAGAR - TNHB(2nd Block) 9th Cross Street

₹2750/sq.ft.

The guideline value for Ganga Nagar - Tnhb(2nd Block) 9th 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) 9th Cross Street

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GANGA NAGAR - TNHB(2nd Block) 9th Cross Street guideline value

The current guideline value of GANGA NAGAR - TNHB(2nd Block) 9th 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 falls under the Residential Class IV Type - I land classification.

How the guideline value of GANGA NAGAR - TNHB(2nd Block) 9th Cross Street has changed

The guideline value for GANGA NAGAR - TNHB(2nd Block) 9th Cross Street has seen several revisions over the years. The earliest recorded figure in 2002 was Rs 194 per sq.ft, which increased to Rs 213 per sq.ft in 2003. Following this, the value rose significantly to Rs 400 per sq.ft in 2007, and then to Rs 2,500 per sq.ft in 2012. However, it decreased to Rs 1,675 per sq.ft in 2017. The value then increased to Rs 2,500 per sq.ft in 2023, before reaching the current figure of Rs 2,750 per sq.ft in 2024.

Between the revisions, there have been notable changes. From 2017 to 2023, the value increased by 49%. The jump from 2007 to 2012 saw a substantial rise of 525%. The overall change from 2002 to 2024 reflects an increase of 1,318%.

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 of GANGA NAGAR - TNHB(2nd Block) 9th Cross Street is below this median.

Stamp duty and registration fee for property in GANGA NAGAR - TNHB(2nd Block) 9th 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 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) 9th Cross Street?

The GANGA NAGAR - TNHB(2nd Block) 9th Cross Street is covered by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial reference point during property registration in Maduravoyal. It is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as per the government regulations.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property should be registered. This value is essential for calculating the financial obligations associated with the transaction.

Frequently asked questions

What is the current guideline value of GANGA NAGAR - TNHB(2nd Block) 9th Cross Street?

The current guideline value of GANGA NAGAR - TNHB(2nd Block) 9th 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, starting from Rs 194 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 1,318%.

What is the land classification for this street?

GANGA NAGAR - TNHB(2nd Block) 9th Cross Street falls under the Residential Class IV Type - I land classification.

Where can I find the registration office for this area?

The registration office for GANGA NAGAR - TNHB(2nd Block) 9th 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 higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 1,92,500.