Guideline Value

Corporate

Guideline Value for Ganesh Nagar 4th Street

₹4400/sq.ft.

The guideline value for Ganesh Nagar 4th Street in Maduravoyal village (Virugambakkam SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 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

Maduravoyal

Village

Virugambakkam

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹750 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹436 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹398 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[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 Nagar 4th Street

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Ganesh Nagar 4th Street guideline value

The current guideline value of Ganesh Nagar 4th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village, under the Virugambakkam SRO, and is classified as Residential Special Type - II.

How the guideline value of Ganesh Nagar 4th Street has changed

The guideline value of Ganesh Nagar 4th Street has seen significant changes over the years. In 2002, the value was Rs 398 per sq.ft. This increased to Rs 436 per sq.ft in 2003, marking a 10% rise. The value then experienced a substantial increase to Rs 750 per sq.ft in 2007, which was a 72% change. Following this, the value surged to Rs 4,000 per sq.ft in 2012, reflecting a remarkable 433% increase. However, between 2012 and 2017, the value decreased to Rs 2,680 per sq.ft, showing a decline of 33%. The value rose again to Rs 4,000 per sq.ft in 2023, and as of the 2024 revision, it stands at Rs 4,400 per sq.ft, a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1006%. The register has no figures for revisions in the years not mentioned above.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,200 to Rs 6,050 per sq.ft. The median value in this area is Rs 3,050 per sq.ft, placing Ganesh Nagar 4th Street's 2024 figure above this median.

Stamp duty and registration fee for property in Ganesh Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, making the total cost for these fees Rs 3,96,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ganesh Nagar 4th Street?

The Ganesh Nagar 4th Street is covered by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Maduravoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. Buyers must pay these fees based on the higher of the guideline value or the sale price, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ganesh Nagar 4th Street?

The current guideline value of Ganesh Nagar 4th Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 398 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, which is an overall increase of 1006%.

What is the land classification of Ganesh Nagar 4th Street?

Ganesh Nagar 4th Street is classified as Residential Special Type - II, indicating its designated use for residential purposes.

Where can I find the Sub Registrar Office for Ganesh Nagar 4th Street?

The Sub Registrar Office covering Ganesh Nagar 4th Street is the Virugambakkam SRO, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 4,400 per sq.ft would incur a total fee of Rs 3,96,000.