Guideline Value

Corporate

Guideline Value for GANGA NAGAR

₹1320/sq.ft.

The guideline value for Ganga Nagar in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 1320 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallikaranai

Village

Chennai South Joint I

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹1320 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹118 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹100 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[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

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Ganga Nagar guideline value

The current guideline value of Ganga Nagar, located in Pallikaranai village, is Rs 1,320 per sq.ft, effective from 1 July 2024. This area falls under the Chennai South Joint I SRO and is classified as Residential Class IV Type - II.

How the guideline value of Ganga Nagar has changed

The guideline value for Ganga Nagar has undergone several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 100 per sq.ft. In 2003, it increased to Rs 118 per sq.ft, marking an 18% rise. The value further rose to Rs 400 per sq.ft in 2007, reflecting a significant increase of 239%. In 2012, the guideline value was Rs 1,200 per sq.ft, which was a 200% increase from the previous revision. However, it decreased to Rs 804 per sq.ft in 2017, a reduction of 33%.

From 2017 to 2023, the guideline value saw a substantial increase to Rs 1,200 per sq.ft, which was a 49% rise. The most recent revision in 2024 set the guideline value at Rs 1,320 per sq.ft, a 10% increase from the previous year. There are no figures available for the revisions of years not listed in the register for this street.

Guideline values in Pallikaranai

Pallikaranai village has a total of 749 streets under the Chennai South Joint I SRO, with the 2024 guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, positioning Ganga Nagar's 2024 figure below this median.

Stamp duty and registration fee for property in Ganga Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ganga Nagar?

The Sub Registrar Office that covers Ganga Nagar is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Pallikaranai. It is used to determine the stamp duty and registration fees that need to be paid when purchasing or selling property. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is registered, the guideline value is compared against the sale price, and the higher of the two amounts is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Ganga Nagar?

The current guideline value of Ganga Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2002 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 1220% over the years.

What are the other streets in Pallikaranai with their guideline values?

Other streets in Pallikaranai include Ganesan Street at Rs 1,110 per sq.ft, Gold Avenue at Rs 1,650 per sq.ft, and Ganesan Avenue at Rs 2,750 per sq.ft, among others.

What are the stamp duty and registration fees for property in Ganga Nagar?

For a 1,000 sq.ft property, the total guideline value is Rs 13,20,000, resulting in a stamp duty of Rs 92,400 and a registration fee of Rs 26,400, totaling Rs 1,18,800.

Where can I find the Sub Registrar Office for Ganga Nagar?

The Sub Registrar Office for Ganga Nagar is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.