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Guideline Value

Corporate

Guideline Value for Ganesh Avenue 8th Street 2nd Lane

₹3520/sq.ft.

The guideline value for Ganesh Avenue 8th Street 2nd Lane in Porur village (Kunrathur SRO, Chennai zone) is Rs 3520 per sq.ft, effective 1 July 2024. It was Rs 3200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Porur

Village

Kunrathur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹3520 /sq.ft.
From 1-4-2023 ₹3200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2144 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3200 /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.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[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 Ganesh Avenue 8th Street 2nd Lane

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Ganesh Avenue 8th Street 2nd Lane guideline value

The current guideline value of Ganesh Avenue 8th Street 2nd Lane is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Porur village, under the Kunrathur SRO, and is classified as Residential Special Type - II.

How the guideline value of Ganesh Avenue 8th Street 2nd Lane has changed

The guideline value for Ganesh Avenue 8th Street 2nd Lane has seen several revisions over the years. The 2012 revision set the value at Rs 3,200 per sq.ft, which was then reduced to Rs 2,144 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 3,200 per sq.ft, and the most recent 2024 revision raised it further to Rs 3,520 per sq.ft, reflecting a 10% increase from the previous year.

In summary, from the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 2,860 to Rs 6,380 per sq.ft, with a median value of Rs 3,960 per sq.ft. The guideline value of Ganesh Avenue 8th Street 2nd Lane is below this median.

Stamp duty and registration fee for property in Ganesh Avenue 8th Street 2nd Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be Rs 35,20,000. The stamp duty at 7% would amount to Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, leading to a total of Rs 3,16,800. Please 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 Ganesh Avenue 8th Street 2nd Lane?

The Ganesh Avenue 8th Street 2nd Lane falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

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

The guideline value is an essential factor during property registration in Porur. It serves as a benchmark for determining the minimum value at which property transactions can be registered. This value is used to calculate the applicable stamp duty and registration fees, ensuring that the transaction is legally recognized.

When buying or selling property, the guideline value helps in establishing a fair price for both parties involved. It is crucial for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Ganesh Avenue 8th Street 2nd Lane?

The current guideline value of Ganesh Avenue 8th Street 2nd Lane is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,200 per sq.ft in 2012 to Rs 2,144 per sq.ft in 2017, then increased to Rs 3,200 per sq.ft in 2023, and finally to Rs 3,520 per sq.ft in 2024.

What is the land classification for Ganesh Avenue 8th Street 2nd Lane?

Ganesh Avenue 8th Street 2nd Lane is classified as Residential Special Type - II.

What are the registration fees for property transactions?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for Ganesh Avenue 8th Street 2nd Lane?

The Kunrathur Sub Registrar Office handles the registration for Ganesh Avenue 8th Street 2nd Lane, located at No.59, Road Street, Kundrathur, Chennai -600 069.