Guideline Value

Corporate

Guideline Value for SRI GANGA NAGAR

₹555/sq.ft.

The guideline value for Sri Ganga Nagar in Vellanoor-2 village (Avadi SRO, Chennai zone) is Rs 555 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vellanoor-2

Village

Avadi

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹555 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
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)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Sri Ganga Nagar

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Sri Ganga Nagar guideline value

The current guideline value of Sri Ganga Nagar, located in Vellanoor-2 village under the Avadi SRO, is Rs 555 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Sri Ganga Nagar has changed

In the 2023 revision, the guideline value was set at Rs 500 per sq.ft. With the latest 2024 revision, the value has increased to Rs 555 per sq.ft, marking an increase of 11%. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

The 2024 guideline value reflects the median rate of Rs 555 per sq.ft for the 31 streets in Vellanoor-2 under the Avadi SRO. This indicates that Sri Ganga Nagar's value is aligned with the overall median for the area.

Guideline values in Vellanoor-2

In Vellanoor-2, the guideline values for various streets range from Rs 440 to Rs 1,800 per sq.ft. The median is Rs 555 per sq.ft, which is the same as the guideline value for Sri Ganga Nagar. Below are the guideline values for other streets in Vellanoor-2:

Stamp duty and registration fee for property in Sri Ganga Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 555 per sq.ft, the total guideline value amounts to Rs 5,55,000. The stamp duty at 7% would be Rs 38,850, and the registration fee at 2% would be Rs 11,100, making the total fees together Rs 49,950. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Ganga Nagar?

Sri Ganga Nagar falls under the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Vellanoor-2

The guideline value is a crucial factor in property transactions in Vellanoor-2, as it determines the minimum value at which properties are registered. This value is used to calculate stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, it is important to consider the guideline value, as it can affect the overall cost of the transaction. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used for calculating applicable fees.

Frequently asked questions

What is the current guideline value of Sri Ganga Nagar?

The current guideline value of Sri Ganga Nagar is Rs 555 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 500 per sq.ft in 2023 to Rs 555 per sq.ft in 2024, marking an 11% increase. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What are the other streets in Vellanoor-2 and their guideline values?

Other streets in Vellanoor-2 include Sri Ganapathy Nagar Annexe at Rs 440 per sq.ft, and several streets like Sri Krishna Nagar, Sri Perumal Nagar, Sri Sakthi Nagar, Thanigai Nagar, and Saraswathi Gopal Nagar, all at Rs 555 per sq.ft.

How is stamp duty calculated for properties in Sri Ganga Nagar?

Stamp duty is 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 stamp duty would amount to Rs 38,850.

Where can I find the Sub Registrar Office for Sri Ganga Nagar?

The Avadi Sub Registrar Office covers Sri Ganga Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.