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Guideline Value

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

₹2200/sq.ft.

The guideline value for Ganapathy Nagar 3rd 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 3rd St ( Ward No.3 )

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Ganapathy Nagar 3rd st ( Ward No.3 ) guideline value

The current guideline value of Ganapathy Nagar 3rd 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 3rd st ( Ward No.3 ) has changed

The guideline value for Ganapathy Nagar 3rd st has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, a significant increase from the 2017 revision, which was Rs 1,340 per sq.ft. This represents a change of +64%. In contrast, the 2012 revision recorded a guideline value of Rs 2,000 per sq.ft, indicating a decrease of -33% when compared to the 2017 figure.

Overall, from the 2012 revision to the 2024 revision, there has been a slight increase of +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 with a 2024 guideline value 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 Ganapathy Nagar 3rd st's 2024 figure above this median.

Stamp duty and registration fee for property in Ganapathy Nagar 3rd 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 amounts to 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, bringing the total fees together to 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 details, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Ganapathy Nagar 3rd 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 information.

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

When buying or selling property in Madhavaram, the guideline value plays a crucial role in determining the registration fees and stamp duty applicable. The guideline value is used as a basis for calculating these fees, ensuring that transactions are in line with the official valuations set by the Registration Department.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of property transactions. Understanding the guideline value can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Ganapathy Nagar 3rd st?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, and then increased to Rs 2,200 per sq.ft in 2024. This represents a +10% change overall from 2012 to 2024.

What is the land classification for Ganapathy Nagar 3rd st?

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

Where can I find the Sub Registrar Office for Ganapathy Nagar 3rd st?

The Sub Registrar Office for Ganapathy Nagar 3rd st is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What are the stamp duty and registration fees for properties in Ganapathy Nagar 3rd st?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000. The duty is charged on the higher of the guideline value or the sale price.