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Guideline Value

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Guideline Value for Gnanatha Nagar-Ganapathy Nagar Joint Road

₹2750/sq.ft.

The guideline value for Gnanatha Nagar-ganapathy Nagar Joint Road in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2750 per sq.ft, effective 1 July 2024. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Madambakkam

Village

Selaiyur

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Gnanatha Nagar-ganapathy Nagar Joint Road

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Gnanatha Nagar-Ganapathy Nagar Joint Road guideline value

The current guideline value for Gnanatha Nagar-Ganapathy Nagar Joint Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This road is located in Madambakkam village under the Selaiyur SRO and is classified as Commercial Class I Type - I.

How the guideline value of Gnanatha Nagar-Ganapathy Nagar Joint Road has changed

The guideline value for Gnanatha Nagar-Ganapathy Nagar Joint Road has seen a revision from Rs 2,500 per sq.ft in 2012 to Rs 2,750 per sq.ft in 2024, marking a 10% increase over this period. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

In summary, the only available revisions for this street are from 2012 and 2024, with the latter reflecting the most current value. The absence of figures for the other years indicates that there were no changes recorded during those periods.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 2,400 per sq.ft. The guideline value for Gnanatha Nagar-Ganapathy Nagar Joint Road is above this median.

Stamp duty and registration fee for property in Gnanatha Nagar-Ganapathy Nagar Joint Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gnanatha Nagar-Ganapathy Nagar Joint Road?

The Gnanatha Nagar-Ganapathy Nagar Joint Road falls under the jurisdiction of the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Madambakkam. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these fees are calculated based on the officially recognized value of the property.

It is essential for buyers and sellers to be aware of the guideline value as it affects the overall cost of property transactions. Ensuring that the guideline value is accurately reflected in documents can help avoid discrepancies during registration.

Frequently asked questions

What is the current guideline value for Gnanatha Nagar-Ganapathy Nagar Joint Road?

The current guideline value for Gnanatha Nagar-Ganapathy Nagar Joint Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 2,750 per sq.ft in 2024, marking a 10% increase. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the land classification for Gnanatha Nagar-Ganapathy Nagar Joint Road?

The land classification for Gnanatha Nagar-Ganapathy Nagar Joint Road is Commercial Class I Type - I. This classification is important for understanding the potential uses of the property.

What are the registration fees based on the guideline value?

Registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total registration fees would amount to Rs 2,47,500.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. This office handles registrations for properties in the area.