Guideline Value for GANAGA PROPERTIES

Ganaga Properties guideline value

The current guideline value for Ganaga Properties in Chittathur village, under the Tiruvallur Joint 1 SRO, is Rs 100 per sq.ft. The land classification for this area is Residential Class I Type - I.

How the guideline value of Ganaga Properties has changed

The guideline value for Ganaga Properties has undergone several revisions over the years. The 2012 revision set the guideline value at Rs 100 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 67 per sq.ft. However, in the 2023 revision, the value increased significantly to Rs 100 per sq.ft again.

From the 2017 to 2023 revision, there was a notable increase of 49%. Conversely, the change from the 2012 to the 2017 revision saw a decrease of 33%. Overall, from 2012 to 2023, the guideline value has remained at Rs 100 per sq.ft.

Guideline values in Chittathur

Currently, there are no specific village figures provided for Chittathur. Ganaga Properties is situated within the jurisdiction of the Tiruvallur Joint 1 SRO. Unfortunately, there are no other streets in Chittathur listed under this SRO.

Stamp duty and registration fee for property in Ganaga Properties

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, leading to a total cost of Rs 9,000. 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 Ganaga Properties?

The Ganaga Properties area is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Chittathur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay 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 of Ganaga Properties?

The current guideline value of Ganaga Properties is Rs 100 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, and then back to Rs 100 per sq.ft in 2023. This reflects a 49% increase from the 2017 revision.

What is the land classification for Ganaga Properties?

Ganaga Properties is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for Ganaga Properties?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 7,000 and the registration fee would be Rs 2,000, leading to a total cost of Rs 9,000.

Where is the Sub Registrar Office for Ganaga Properties located?

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.