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Guideline Value for GANGA NAGAR - TNHB(2nd Block) 11th Cross Street

₹2750/sq.ft.

The guideline value for Ganga Nagar - Tnhb(2nd Block) 11th 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) 11th Cross Street

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GANGA NAGAR - TNHB(2nd Block) 11th Cross Street guideline value

The current guideline value for GANGA NAGAR - TNHB(2nd Block) 11th Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of GANGA NAGAR - TNHB(2nd Block) 11th Cross Street has changed

The guideline value for GANGA NAGAR - TNHB(2nd Block) 11th Cross Street has undergone several revisions over the years. Starting from the earliest revision in 2002, the value was Rs 194 per sq.ft. In 2003, it increased to Rs 213 per sq.ft, reflecting a change of +10%. The next significant jump occurred in 2007, where the value rose to Rs 400 per sq.ft, marking an increase of +88%. Following this, in 2012, the value was Rs 2,500 per sq.ft, which represented a substantial increase of +525%. However, between 2012 and 2017, the value dropped to Rs 1,675 per sq.ft, indicating a decrease of -33%. The value then climbed to Rs 2,500 per sq.ft in 2023, and finally, as of 1 July 2024, it stands at Rs 2,750 per sq.ft, reflecting an increase of +10% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +1318%. There are no figures available for revisions in years other than those listed.

Guideline values in Maduravoyal

In Maduravoyal, there are a total of 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) 11th Cross Street is below this median.

Stamp duty and registration fee for property in GANGA NAGAR - TNHB(2nd Block) 11th 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 amount to 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.

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

Which Sub Registrar Office covers GANGA NAGAR - TNHB(2nd Block) 11th Cross Street?

The GANGA NAGAR - TNHB(2nd Block) 11th Cross Street is covered by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Maduravoyal. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated fairly based on the official valuation of the property.

It is essential for buyers and sellers to be aware of the guideline value, as it can affect the overall expenses involved in the transaction. Understanding this value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of GANGA NAGAR - TNHB(2nd Block) 11th Cross Street?

The current guideline value for GANGA NAGAR - TNHB(2nd Block) 11th 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 +1318% over the years.

What is the land classification for this street?

The land classification for GANGA NAGAR - TNHB(2nd Block) 11th Cross Street is Residential Class IV Type - I.

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.

Where is the Sub Registrar Office for GANGA NAGAR - TNHB(2nd Block) 11th Cross Street located?

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