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Guideline Value

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Guideline Value for GANGA NAGAR - TNHB(3rd Block) 15th Cross Street

₹2750/sq.ft.

The guideline value for Ganga Nagar - Tnhb(3rd Block) 15th 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) 15th Cross Street

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GANGA NAGAR - TNHB(3rd Block) 15th Cross Street guideline value

The current guideline value for GANGA NAGAR - TNHB(3rd Block) 15th 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(3rd Block) 15th Cross Street has changed

In the 2007 revision, the guideline value was Rs 400 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2012, marking a rise of 525%. However, in 2017, the value decreased to Rs 1,675 per sq.ft, a drop of 33%. The value then saw a substantial increase to Rs 2,500 per sq.ft in 2023, followed by another increase to Rs 2,750 per sq.ft in the 2024 revision, which is a 10% rise from the previous year. The register has no figure for this street in 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 588%. The changes between the revisions illustrate fluctuations in the guideline value, with the most significant increase occurring between 2007 and 2012, and the most recent adjustments reflecting a steady rise in the last two revisions.

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 for these streets is Rs 3,050 per sq.ft, indicating that GANGA NAGAR - TNHB(3rd Block) 15th Cross Street's 2024 figure is below that median.

Stamp duty and registration fee for property in GANGA NAGAR - TNHB(3rd Block) 15th Cross Street

For a 1,000 sq.ft plot at the current rate, the guideline value is 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, totaling Rs 2,47,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers GANGA NAGAR - TNHB(3rd Block) 15th Cross Street?

The GANGA NAGAR - TNHB(3rd Block) 15th 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 critical factor in property transactions in Maduravoyal. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers must ensure that the sale price is either equal to or higher than the guideline value to avoid any discrepancies during registration.

When registering a property, the buyer will be required to pay stamp duty based on the higher value between the guideline value and the sale price. This ensures that the registration process is transparent and reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value for GANGA NAGAR - TNHB(3rd Block) 15th Cross Street?

The current guideline value for GANGA NAGAR - TNHB(3rd Block) 15th 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 undergone several changes, increasing from Rs 400 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, which is an overall increase of 588% over the years.

What is the registration office for GANGA NAGAR - TNHB(3rd Block) 15th Cross Street?

The registration office for GANGA NAGAR - TNHB(3rd Block) 15th Cross Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What are the stamp duty rates for property in GANGA NAGAR - TNHB(3rd Block) 15th Cross Street?

The stamp duty for property in GANGA NAGAR - TNHB(3rd Block) 15th Cross Street is calculated at 7% of the guideline value or sale price, whichever is higher.

How can I calculate the registration fees for a property?

The registration fees for a property are calculated at 2% of the guideline value or sale price, whichever is higher. You can use the stamp duty and registration fee calculator for precise calculations.