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Guideline Value

Corporate

Guideline Value for Ganesh Avenue Main Road

₹3520/sq.ft.

The guideline value for Ganesh Avenue Main Road 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 Main Road

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Ganesh Avenue Main Road guideline value

The current guideline value of Ganesh Avenue Main Road is Rs 3,520 per sq.ft, effective from 1 July 2024. This road is located in Porur village, under the Kunrathur SRO, and is classified as Residential Special Type - II.

How the guideline value of Ganesh Avenue Main Road has changed

Looking back at the revisions, the guideline value for Ganesh Avenue Main Road has seen several changes. In 2012, the value was Rs 3,200 per sq.ft, which then decreased to Rs 2,144 per sq.ft in 2017. Following this, the value increased significantly to Rs 3,200 per sq.ft in 2023, and then to Rs 3,520 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, the increase was 49%, while the change from 2012 to 2017 was a decrease of 33%. Overall, comparing the figures from 2012 to 2024, there has been a 10% increase. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Porur

In Porur, a total of 530 streets under the Kunrathur SRO have 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 Main Road is below this median.

Stamp duty and registration fee for property in Ganesh Avenue Main Road

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, making the total cost for these fees Rs 3,16,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ganesh Avenue Main Road?

The Ganesh Avenue Main Road 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 more information.

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

The guideline value is a crucial aspect when registering property transactions in Porur. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps in determining the minimum price at which a property can be sold. This ensures transparency and fairness in property dealings, as it reflects the official valuation set by the registration department.

Frequently asked questions

What is the current guideline value of Ganesh Avenue Main Road?

The current guideline value of Ganesh Avenue Main Road 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 2023 to Rs 3,520 per sq.ft in 2024, marking a 10% increase. It was Rs 2,144 per sq.ft in 2017 and Rs 3,200 per sq.ft in 2012.

What are the guideline values for other streets in Porur?

Other streets in Porur under the Kunrathur SRO have a guideline value of Rs 3,520 per sq.ft in 2024. These streets include Ganesh Avenue 9th Street, Ganesh Avenue & Nagar, and several others.

What are the stamp duty and registration fees for property in Ganesh Avenue Main Road?

For a 1,000 sq.ft plot, the total guideline value is Rs 35,20,000. The stamp duty would be Rs 2,46,400, and the registration fee would be Rs 70,400, totaling Rs 3,16,800.

Which office handles the registration for Ganesh Avenue Main Road?

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