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Guideline Value

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Guideline Value for GANGA NAGAR - TNHB(3rd Block) 17th Cross Street

₹2750/sq.ft.

The guideline value for Ganga Nagar - Tnhb(3rd Block) 17th 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) 17th Cross Street

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GANGA NAGAR - TNHB(3rd Block) 17th Cross Street guideline value

The current guideline value for GANGA NAGAR - TNHB(3rd Block) 17th 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(3rd Block) 17th Cross Street has changed

The guideline value for GANGA NAGAR - TNHB(3rd Block) 17th Cross Street has undergone several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which 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, reflecting a drop of 33%. The value then saw a substantial increase to Rs 2,500 per sq.ft in 2023, followed by the current value of Rs 2,750 per sq.ft in 2024, which is a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 588%.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO that have 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(3rd Block) 17th Cross Street is below this median.

Stamp duty and registration fee for property in GANGA NAGAR - TNHB(3rd Block) 17th 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 fees 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 on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers GANGA NAGAR - TNHB(3rd Block) 17th Cross Street?

The GANGA NAGAR - TNHB(3rd Block) 17th Cross Street falls under the jurisdiction of the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

The guideline value plays a crucial role during property transactions in Maduravoyal. It is used to determine the stamp duty and registration fees that buyers are required to pay when registering a property. This ensures that the government receives the appropriate revenue based on the property's assessed value.

When selling a property, the guideline value helps in establishing a baseline for negotiations. Buyers and sellers can refer to the guideline value to ensure that the transaction is in line with the prevailing rates in the area, thereby facilitating a smoother transaction process.

Frequently asked questions

What is the current guideline value for GANGA NAGAR - TNHB(3rd Block) 17th Cross Street?

The current guideline value for GANGA NAGAR - TNHB(3rd Block) 17th 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 seen various changes, starting from Rs 400 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 588% over the years.

What is the land classification for this area?

The land classification for GANGA NAGAR - TNHB(3rd Block) 17th Cross Street is Residential Class IV Type - I.

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

The Sub Registrar Office covering GANGA NAGAR - TNHB(3rd Block) 17th Cross Street is the Virugambakkam SRO, 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 higher of the guideline value or the sale price of the property. For example, a property valued at Rs 27,50,000 would incur a stamp duty of Rs 1,92,500 at a rate of 7%.