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Guideline Value

Corporate

Guideline Value for Gangai Amman Nagar 1st Cross Street

₹2200/sq.ft.

The guideline value for Gangai Amman Nagar 1st Cross Street 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 ₹204 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹186 /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 Cross Street

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Gangai Amman Nagar 1st Cross Street guideline value

The current guideline value for Gangai Amman Nagar 1st Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class V Type - I.

How the guideline value of Gangai Amman Nagar 1st Cross Street has changed

The guideline value for Gangai Amman Nagar 1st Cross Street has seen significant changes over the years. Starting from the 2002 revision, the guideline value was Rs 186 per sq.ft. This increased to Rs 204 per sq.ft in 2003, followed by a rise to Rs 300 per sq.ft in 2007. In 2012, the value rose to Rs 2,000 per sq.ft, but then dropped to Rs 1,340 per sq.ft in 2017. The value saw an increase again in 2023 to Rs 2,000 per sq.ft, and finally, it reached Rs 2,200 per sq.ft in the 2024 revision.

Between the revisions, there were notable changes. From 2002 to 2003, the increase was +10%. The value then surged by +47% from 2003 to 2007. In 2007 to 2012, there was a significant drop of -33%. The value increased by +49% from 2017 to 2023, and from 2023 to 2024, it rose by +10%. Overall, from 2002 to 2024, the guideline value has increased by +1083%.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO that have a guideline value for 2024, 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 Cross Street is below this median.

Stamp duty and registration fee for property in Gangai Amman Nagar 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Together, the total fees would be 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.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gangai Amman Nagar 1st Cross Street?

The Gangai Amman Nagar 1st Cross Street falls under 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 an essential factor when buying or selling property in Maduravoyal. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers should be aware that the guideline value may differ from the actual sale price.

When registering a property, the authorities will charge the stamp duty based on the higher value between the guideline value and the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Gangai Amman Nagar 1st Cross Street?

The current guideline value for Gangai Amman Nagar 1st Cross Street 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 changed significantly, starting from Rs 186 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of +1083%.

What are the other streets with the same guideline value in Maduravoyal?

Other streets in Maduravoyal with the same guideline value of Rs 2,200 per sq.ft for 2024 include Gangai Amman Nagar 13th Street, 1st Main Road, 12th Street, 1st Street, 11th Street, and 2nd Main Road.

What is the registration fee for property in Gangai Amman Nagar 1st Cross Street?

The registration fee for property in Gangai Amman Nagar 1st Cross Street is calculated at 2% of the guideline value, which would be Rs 44,000 for a 1,000 sq.ft plot at the current rate.

Where can I find my Sub Registrar Office?

The Sub Registrar Office covering Gangai Amman Nagar 1st Cross Street is the Virugambakkam SRO, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find more information through the provided link.