Guideline Value

Corporate

Guideline Value for Ganapathi Nagar Extn-I & II

₹1200/sq.ft.

The guideline value for Ganapathi Nagar Extn-i & Ii in Madambakkam village (Gooduvancheri SRO, Chengalpattu zone) is Rs 1200 per sq.ft, effective 1 July 2024. The land classification is Commercial Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Madambakkam

Village

Gooduvancheri

SRO

Commercial Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1200 /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 ₹179 /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)

Defence Colony Road,near Vetnary Hospital,nanthivaram,guduvanjery-603202
044-27462940
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Ganapathi Nagar Extn-i & Ii

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Ganapathi Nagar Extn-I & II guideline value

The current guideline value of Ganapathi Nagar Extn-I & II is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Madambakkam village and falls under the Gooduvancheri SRO. The land classification for this street is Commercial Special Type - I.

How the guideline value of Ganapathi Nagar Extn-I & II has changed

The guideline value for Ganapathi Nagar Extn-I & II has seen several revisions over the years. In 2007, the value was Rs 179 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in 2012, marking a rise of 570%. However, from 2012 to 2017, the value decreased by 33% to Rs 804 per sq.ft. The value then increased by 49% to Rs 1,200 per sq.ft in 2023, and remained unchanged at Rs 1,200 per sq.ft in the 2024 revision.

The revisions for the years 2002 and 2003 do not have figures listed for this street in the register. Overall, from 2007 to 2024, there has been a substantial increase of 570% in the guideline value.

Guideline values in Madambakkam

In Madambakkam, there are 110 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft. The median value is Rs 1,200 per sq.ft, which is equal to the guideline value of Ganapathi Nagar Extn-I & II.

Stamp duty and registration fee for property in Ganapathi Nagar Extn-I & II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, together making a total of Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ganapathi Nagar Extn-I & II?

The Ganapathi Nagar Extn-I & II area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor when registering property in Madambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value is used to calculate the applicable taxes, which can significantly impact the overall cost of the transaction. Understanding the guideline value helps in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Ganapathi Nagar Extn-I & II?

The current guideline value of Ganapathi Nagar Extn-I & II is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revision in 2024 maintaining the value at Rs 1,200 per sq.ft. It was Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012.

What is the land classification for Ganapathi Nagar Extn-I & II?

The land classification for Ganapathi Nagar Extn-I & II is Commercial Special Type - I.

Where can I find the Gooduvancheri Sub Registrar Office?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Ganapathi Nagar Extn-I & II?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 at a rate of 7%.