Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Ganapathy Nagar 2nd st ( Ward No.3 )

₹2200/sq.ft.

The guideline value for Ganapathy Nagar 2nd St ( Ward No.3 ) 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 ₹1340 /sq.ft.
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 Ganapathy Nagar 2nd St ( Ward No.3 )

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Ganapathy Nagar 2nd st ( Ward No.3 ) guideline value

The current guideline value of Ganapathy Nagar 2nd st ( Ward No.3 ) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village and falls under the Madhavaram SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Ganapathy Nagar 2nd st ( Ward No.3 ) has changed

Over the years, the guideline value of Ganapathy Nagar 2nd st ( Ward No.3 ) has seen several revisions. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft, a significant increase from Rs 1,340 per sq.ft in the 2017 revision. This represents a change of +64% from 2017 to 2024. Prior to that, the 2012 revision recorded a value of Rs 2,000 per sq.ft, which was a decrease of -33% from the 2017 figure.

From 2012 to 2024, the overall change is +10%. It is important to note that the register has no figures for the years 2023, 2007, 2003, and 2002 for this street.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value of Ganapathy Nagar 2nd st ( Ward No.3 ) is above this median.

Stamp duty and registration fee for property in Ganapathy Nagar 2nd st ( Ward No.3 )

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 amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Ganapathy Nagar 2nd st ( Ward No.3 )?

The Sub Registrar Office that covers Ganapathy Nagar 2nd st ( Ward No.3 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value is an essential factor when registering property transactions in Madhavaram. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that transactions are conducted at fair values as per the government’s assessment.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. This ensures that both buyers and sellers are aware of the financial obligations associated with property transactions.

Frequently asked questions

What is the current guideline value of Ganapathy Nagar 2nd st ( Ward No.3 )?

The current guideline value of Ganapathy Nagar 2nd st ( Ward No.3 ) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Between 2012 and 2017, the guideline value decreased from Rs 2,000 per sq.ft to Rs 1,340 per sq.ft. However, from 2017 to 2024, it increased significantly to Rs 2,200 per sq.ft.

What is the land classification for Ganapathy Nagar 2nd st ( Ward No.3 )?

The land classification for Ganapathy Nagar 2nd st ( Ward No.3 ) is Residential Class I Type - I.

Where can I find more information about stamp duty and registration fees?

You can find more information about stamp duty and registration fees by using the stamp duty and registration fee calculator.

Which office handles registrations for Ganapathy Nagar 2nd st ( Ward No.3 )?

The Madhavaram Sub Registrar Office handles registrations for Ganapathy Nagar 2nd st ( Ward No.3 ). It is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.