Guideline Value

Corporate

Guideline Value for Ganesh Nagar 6th Street

₹4400/sq.ft.

The guideline value for Ganesh Nagar 6th 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 6th Street

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Ganesh Nagar 6th Street guideline value

The current guideline value of Ganesh Nagar 6th 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 6th Street has changed

The guideline value for Ganesh Nagar 6th Street has undergone several revisions over the years. The earliest recorded figure is from 2002, which was Rs 398 per sq.ft. This value increased to Rs 436 per sq.ft in 2003, marking a rise of 10%. The next significant change occurred in 2007, when the guideline value jumped to Rs 750 per sq.ft, representing a 72% increase. In 2012, the value rose again to Rs 4,000 per sq.ft, which was a substantial increase of 433%. However, it then decreased to Rs 2,680 per sq.ft in 2017, reflecting a decline of 33%. The value further increased to Rs 4,000 per sq.ft in 2023, before reaching the current rate of Rs 4,400 per sq.ft in 2024, which is 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 the years between 2012 and 2017.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 6,050 per sq.ft. The median value is Rs 3,050 per sq.ft, and Ganesh Nagar 6th Street's 2024 figure of Rs 4,400 per sq.ft is above this median.

Stamp duty and registration fee for property in Ganesh Nagar 6th 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, charged at 7%, would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. 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 Ganesh Nagar 6th Street?

The Ganesh Nagar 6th Street falls under the jurisdiction of the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Maduravoyal. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value when negotiating sales, as it influences the stamp duty and registration fees applicable during the transaction.

When a property is sold, the guideline value is used to calculate the stamp duty, which is a mandatory fee for property registration. This ensures that the transaction is officially recognized and documented by the relevant authorities.

Frequently asked questions

What is the current guideline value of Ganesh Nagar 6th Street?

The current guideline value of Ganesh Nagar 6th 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 from Rs 398 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 1006% over the years.

What is the registration office for Ganesh Nagar 6th Street?

The registration office for Ganesh Nagar 6th Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What are the stamp duty and registration fees for properties in Ganesh Nagar 6th Street?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

What is the land classification of Ganesh Nagar 6th Street?

Ganesh Nagar 6th Street is classified as Residential Special Type - II, which is important for understanding the zoning and land use regulations applicable in this area.