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Guideline Value

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Guideline Value for GANGA NAGAR - TNHB(3rd Block) 12th Cross Street

₹2750/sq.ft.

The guideline value for Ganga Nagar - Tnhb(3rd Block) 12th 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 N/A
From 1-4-2002 To 31-3-2003 N/A
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(3rd Block) 12th Cross Street

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GANGA NAGAR - TNHB(3rd Block) 12th Cross Street guideline value

The current guideline value for GANGA NAGAR - TNHB(3rd Block) 12th 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. The land classification for this area is Residential Class IV Type - I.

How the guideline value of GANGA NAGAR - TNHB(3rd Block) 12th Cross Street has changed

Over the years, the guideline value for GANGA NAGAR - TNHB(3rd Block) 12th Cross Street has seen significant changes. In the 2007 revision, the value was Rs 400 per sq.ft. This figure increased dramatically to Rs 2,500 per sq.ft in the 2012 revision, marking a rise of 525%. However, in 2017, the value decreased to Rs 1,675 per sq.ft, a decline of 33%. The value then rose again to Rs 2,500 per sq.ft in the 2023 revision, followed by a further increase to Rs 2,750 per sq.ft in the 2024 revision, representing a 10% increase.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 588%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

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. The median value in this area is Rs 3,050 per sq.ft, which means that the guideline value for GANGA NAGAR - TNHB(3rd Block) 12th Cross Street is below the median.

Stamp duty and registration fee for property in GANGA NAGAR - TNHB(3rd Block) 12th 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 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. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers GANGA NAGAR - TNHB(3rd Block) 12th Cross Street?

The GANGA NAGAR - TNHB(3rd Block) 12th Cross Street falls under 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 a crucial 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 property transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the transaction is in compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value for GANGA NAGAR - TNHB(3rd Block) 12th Cross Street?

The current guideline value for GANGA NAGAR - TNHB(3rd Block) 12th 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 400 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024. The value has experienced both increases and decreases over the years, with an overall increase of 588% from 2007 to 2024.

What is the land classification for this street?

The land classification for GANGA NAGAR - TNHB(3rd Block) 12th Cross Street is Residential Class IV Type - I. This classification indicates the type of residential development permitted in the area.

Where can I find the registration office for this area?

The registration office that covers GANGA NAGAR - TNHB(3rd Block) 12th 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 of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,92,500 at 7% of the guideline value.