Guideline Value for Gangadaran St (Ward-30)

Gangadaran St (Ward-30) guideline value

The current guideline value of Gangadaran St (Ward-30) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO, classified as Residential Class III Type - I.

How the guideline value of Gangadaran St (Ward-30) has changed

In the 2012 revision, the guideline value was Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in the 2017 revision. This marked a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 1,200 per sq.ft. The most recent revision in 2024 saw a further increase to Rs 1,300 per sq.ft, reflecting an 8% rise from the previous year.

The register does not contain figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 8%.

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 value is Rs 1,600 per sq.ft, placing Gangadaran St's 2024 figure below that median.

• Ganesh Nagar (Ward No.29): Rs 2,200 per sq.ft (2024)
• Ganesh Nagar, Ponniammanmedu (Ward-23): Rs 2,200 per sq.ft (2024)
• Ganesh Nagar (Ponniamman Medu): Rs 1,300 per sq.ft (2024)
• Ganesh Nagar Extension: Rs 2,200 per sq.ft (2024)
• Ganesh Nagar Annex (Ward 29): Rs 2,200 per sq.ft (2024)
• Gangaiamman Koil St, Lakshmipuarm (Ward-27): Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Gangadaran St (Ward-30)

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gangadaran St (Ward-30)?

The Sub Registrar Office that covers Gangadaran St (Ward-30) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in property transactions in Madhavaram. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in the property market.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both buyers and sellers are aware of the official valuation of the property, which is necessary for the registration process.

Frequently asked questions

What is the current guideline value of Gangadaran St (Ward-30)?

The current guideline value of Gangadaran St (Ward-30) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 1,300 per sq.ft in 2024, up from Rs 1,200 per sq.ft in 2023. The value decreased to Rs 804 per sq.ft in 2017 from Rs 1,200 per sq.ft in 2012.

What is the land classification of Gangadaran St (Ward-30)?

Gangadaran St (Ward-30) is classified as Residential Class III Type - I, indicating its suitability for residential purposes.

Where can I find the Madhavaram SRO?

The Madhavaram SRO is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles property registrations for the area, including Gangadaran St.

How is stamp duty calculated for properties in Gangadaran St (Ward-30)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 at a rate of 7%.