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Guideline Value

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Guideline Value for GANGA NAGAR - TNHB(2nd Block) 10th Cross Street

₹2750/sq.ft.

The guideline value for Ganga Nagar - Tnhb(2nd Block) 10th 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) 10th Cross Street

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GANGA NAGAR - TNHB(2nd Block) 10th Cross Street guideline value

The current guideline value for GANGA NAGAR - TNHB(2nd Block) 10th 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 it falls under Residential Class IV Type - I land classification.

How the guideline value of GANGA NAGAR - TNHB(2nd Block) 10th Cross Street has changed

The guideline value for GANGA NAGAR - TNHB(2nd Block) 10th Cross Street has seen several revisions over the years. Starting with the 2002 revision, the value was Rs 194 per sq.ft. This figure increased to Rs 213 per sq.ft in 2003, followed by a significant rise to Rs 400 per sq.ft in 2007. The 2012 revision saw the value remain at Rs 2,500 per sq.ft, but it dropped to Rs 1,675 per sq.ft in 2017. The value then increased to Rs 2,500 per sq.ft in 2023, and finally, it reached Rs 2,750 per sq.ft in the 2024 revision.

In terms of percentage changes, the guideline value increased by 10% from 2023 to 2024. Between 2017 and 2023, there was a notable increase of 49%. The value decreased by 33% from 2012 to 2017, while it surged by 525% from 2007 to 2012. The increase from 2003 to 2007 was 88%, and from 2002 to 2003, it was 10%. Overall, from 2002 to 2024, the guideline value has increased by 1318%.

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) 10th Cross Street is below this median.

Stamp duty and registration fee for property in GANGA NAGAR - TNHB(2nd Block) 10th 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 cost for these fees to Rs 2,47,500. Please note that the 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 a detailed calculation.

Which Sub Registrar Office covers GANGA NAGAR - TNHB(2nd Block) 10th Cross Street?

The GANGA NAGAR - TNHB(2nd Block) 10th 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 information, 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 in Maduravoyal. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value helps in calculating the applicable fees based on the property's size and value. It is important for both parties to be aware of the guideline value to avoid any discrepancies during the registration of the sale.

Frequently asked questions

What is the current guideline value of GANGA NAGAR - TNHB(2nd Block) 10th Cross Street?

The current guideline value for GANGA NAGAR - TNHB(2nd Block) 10th 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, marking an overall increase of 1318% over the years.

What is the land classification for this street?

GANGA NAGAR - TNHB(2nd Block) 10th Cross Street is classified as Residential Class IV Type - I.

Where can I find the Sub Registrar Office for this area?

The Virugambakkam Sub Registrar Office covers GANGA NAGAR - TNHB(2nd Block) 10th Cross Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the 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, a 1,000 sq.ft plot at Rs 2,750 per sq.ft would incur a total guideline value of Rs 27,50,000, leading to applicable fees based on this value.