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Guideline Value

Corporate

Guideline Value for Gangai Amman Nagar 1st Main Road

₹2200/sq.ft.

The guideline value for Gangai Amman Nagar 1st Main Road in Maduravoyal village (Virugambakkam SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class V Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Maduravoyal

Village

Virugambakkam

SRO

Residential Class V Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹161 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹147 /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 Gangai Amman Nagar 1st Main Road

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Gangai Amman Nagar 1st Main Road guideline value

The current guideline value of Gangai Amman Nagar 1st Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village under the Virugambakkam SRO, classified as Residential Class V Type - I.

How the guideline value of Gangai Amman Nagar 1st Main Road has changed

The guideline value for Gangai Amman Nagar 1st Main Road has seen several revisions over the years. The earliest recorded value was Rs 147 per sq.ft in 2002, which increased to Rs 161 per sq.ft in 2003, marking a 10% rise. By 2007, the value surged to Rs 300 per sq.ft, reflecting an 86% increase. The next revision in 2012 brought the value to Rs 2,000 per sq.ft, a significant jump of 567%. However, in 2017, the value decreased to Rs 1,340 per sq.ft, a decline of 33%. The value then rose to Rs 2,000 per sq.ft in 2023, before reaching the current rate of Rs 2,200 per sq.ft in 2024, representing a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1397%. The register has no figure for the years not mentioned in the revisions, ensuring clarity in the historical data.

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, with a median value of Rs 3,050 per sq.ft. The guideline value for Gangai Amman Nagar 1st Main Road is below this median.

Stamp duty and registration fee for property in Gangai Amman Nagar 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gangai Amman Nagar 1st Main Road?

The Sub Registrar Office that covers Gangai Amman Nagar 1st Main Road is 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 plays a crucial role during the registration of property transactions in Maduravoyal. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. This value is set by the government and is regularly revised to reflect changes in the real estate market.

When registering a property, the buyer must ensure that the transaction is recorded at the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate taxes based on the current valuation of the property.

Frequently asked questions

What is the current guideline value of Gangai Amman Nagar 1st Main Road?

The current guideline value of Gangai Amman Nagar 1st Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 147 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 1397% over this period.

What is the stamp duty for property in Gangai Amman Nagar 1st Main Road?

The stamp duty for property in Gangai Amman Nagar 1st Main Road is 7% of the guideline value or sale price, whichever is higher.

Which office handles registrations for Gangai Amman Nagar 1st Main Road?

The Virugambakkam Sub Registrar Office handles registrations for Gangai Amman Nagar 1st Main Road, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for Gangai Amman Nagar 1st Main Road?

The land classification for Gangai Amman Nagar 1st Main Road is Residential Class V Type - I.