Guideline Value for Ganapathi Thottam (Ward-30)
₹2200/sq.ft.
The guideline value for Ganapathi Thottam (ward-30) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.
Last updated:
Chennai
Zone
Madhavaram
Village
Madhavaram
SRO
Residential Class I Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹2200 /sq.ft. |
| From 1-4-2023 | N/A |
| From 9-6-2017 To 31-3-2023 | N/A |
| From 1-4-2012 To 8-6-2017 | ₹2000 /sq.ft. |
| 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)
No.7, Roja Nagar,madhavaram, Chennai-600060
044-25530001
[email protected]
DRO (District Registrar Office)
Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Ganapathi Thottam (ward-30)
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Madhavaram sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Ganapathi Thottam (Ward-30) guideline value
The current guideline value of Ganapathi Thottam (Ward-30) is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class I Type - I.
How the guideline value of Ganapathi Thottam (Ward-30) has changed
In the 2012 revision, the guideline value was Rs 2,000 per sq.ft. The latest revision in 2024 has increased this figure to Rs 2,200 per sq.ft, reflecting a change of +10% over the 12-year period. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.
From 2012 to 2024, the guideline value increased from Rs 2,000 to Rs 2,200 per sq.ft. This change indicates a notable adjustment in the valuation of properties in Ganapathi Thottam (Ward-30) over the years.
Guideline values in Madhavaram
In Madhavaram, there are 1,946 streets under the Madhavaram SRO, with 2024 figures ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, placing Ganapathi Thottam's 2024 figure above that median.
- Ganapathi Nagar ( Ward No.26 ): Rs 2,200 per sq.ft (2024)
- Ganapathi Nagar / Ganapathi Siva Nagar: Rs 2,200 per sq.ft (2024)
- Ganapathy Nagar 1st st ( Ward No.3 ): Rs 2,200 per sq.ft (2024)
- Ganapathy Nagar 2nd st ( Ward No.3 ): Rs 2,200 per sq.ft (2024)
- Ganapathy Nagar 3rd st ( Ward No.3 ): Rs 2,200 per sq.ft (2024)
- Ganapathy Nagar Main Rd ( Ward No.3 ): Rs 2,200 per sq.ft (2024)
Stamp duty and registration fee for property in Ganapathi Thottam (Ward-30)
For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total cost for these fees Rs 1,98,000. 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 Ganapathi Thottam (Ward-30)?
The Ganapathi Thottam (Ward-30) area is covered by the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.
How the guideline value is used when you buy or sell in Madhavaram
The guideline value is an important factor in property transactions in Madhavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.
When buying or selling property, it is essential to be aware of the guideline value, as it affects the overall cost of the transaction. Buyers should ensure that the sale price is in line with the guideline value to avoid any discrepancies during the registration process.
Frequently asked questions
What is the current guideline value of Ganapathi Thottam (Ward-30)?
The current guideline value of Ganapathi Thottam (Ward-30) is Rs 2,200 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value increased from Rs 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024, marking a +10% change. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002 for this street.
What is the land classification of Ganapathi Thottam?
Ganapathi Thottam is classified as Residential Class I Type - I, indicating its suitability for residential development.
What are the stamp duty and registration fees for property transactions?
Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total fee of Rs 1,98,000 based on the current guideline value.
Which office handles property registrations in Madhavaram?
The Madhavaram Sub Registrar Office handles property registrations in Ganapathi Thottam (Ward-30). It is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.
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