Guideline Value

Corporate

Guideline Value for GURU GANESH AVENUE PHASE -III

₹3700/sq.ft.

The guideline value for Guru Ganesh Avenue Phase -iii in Varadarajapuram village (Padappai SRO, Chennai zone) is Rs 3700 per sq.ft, effective 1 July 2024. It was Rs 3359 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Varadarajapuram

Village

Padappai

SRO

Mixed Type - II
History
Period Guideline Value
From 1-7-2024 ₹3700 /sq.ft.
From 1-4-2023 ₹3359 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
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)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[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 Guru Ganesh Avenue Phase -iii

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Guru Ganesh Avenue Phase -III guideline value

The current guideline value of Guru Ganesh Avenue Phase -III is Rs 3,700 per sq.ft, effective from 1 July 2024. This street is located in Varadarajapuram village and falls under the Padappai SRO. The land classification for this area is Mixed Type - II.

How the guideline value of Guru Ganesh Avenue Phase -III has changed

The guideline value for Guru Ganesh Avenue Phase -III has seen several revisions over the years. The 2023 revision set the value at Rs 3,359 per sq.ft, while the latest revision in 2024 increased this to Rs 3,700 per sq.ft, marking a change of +10%. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, there are no recorded figures for the guideline value of Guru Ganesh Avenue Phase -III in the register for the years mentioned. The increase from 2023 to 2024 reflects the current valuation trends in the area.

Guideline values in Varadarajapuram

In Varadarajapuram, there are 250 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 4,100 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing the 2024 figure for Guru Ganesh Avenue Phase -III above this median.

Stamp duty and registration fee for property in Guru Ganesh Avenue Phase -III

For a 1,000 sq.ft plot at the current rate of Rs 3,700 per sq.ft, the guideline value amounts to Rs 37,00,000. The stamp duty at 7% would be Rs 2,59,000, and the registration fee at 2% would be Rs 74,000, totaling Rs 3,33,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Guru Ganesh Avenue Phase -III?

The Sub Registrar Office that covers Guru Ganesh Avenue Phase -III is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role when buying or selling property in Varadarajapuram. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers should be aware that the guideline value is the basis for calculating these charges, ensuring compliance with local regulations.

When a property is sold, the guideline value serves as a reference point for both parties involved in the transaction. It helps in establishing a fair price and ensures that the necessary fees are accurately calculated based on the current valuation.

Frequently asked questions

What is the current guideline value of Guru Ganesh Avenue Phase -III?

The current guideline value of Guru Ganesh Avenue Phase -III is Rs 3,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,359 per sq.ft in 2023 to Rs 3,700 per sq.ft in 2024, reflecting a +10% increase. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 37,00,000, the stamp duty would be Rs 2,59,000 and the registration fee would be Rs 74,000, totaling Rs 3,33,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Guru Ganesh Avenue Phase -III?

The Padappai Sub Registrar Office handles property registrations for Guru Ganesh Avenue Phase -III. It is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the land classification for Guru Ganesh Avenue Phase -III?

The land classification for Guru Ganesh Avenue Phase -III is Mixed Type - II. This classification can impact the types of developments permitted in the area.