Guideline Value for GANAPATHI NAGAR

Ganapathi Nagar guideline value

The current guideline value of Ganapathi Nagar is Rs 500 per sq.ft. This area is located in Thozhuvur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Ganapathi Nagar has changed

In the 2012 revision, the guideline value was set at Rs 500 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 335 per sq.ft, marking a reduction of 33%. However, in the 2023 revision, the guideline value increased significantly to Rs 500 per sq.ft, a rise of 49% from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, there has been no change in the guideline value, remaining at Rs 500 per sq.ft. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Thozhuvur

Currently, there are no specific village figures provided for Thozhuvur. The guideline value of Ganapathi Nagar is Rs 500 per sq.ft. There are no other streets in Thozhuvur listed under the Tiruvallur Joint 1 SRO.

Stamp duty and registration fee for property in Ganapathi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ganapathi Nagar?

The Sub Registrar Office that covers Ganapathi Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for additional details.

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

The guideline value is a crucial factor in property transactions in Thozhuvur. It determines the minimum value at which the property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark for both parties to agree upon. It is essential for buyers to be aware of the guideline value to understand the financial implications, including the costs associated with registration and stamp duty.

Frequently asked questions

What is the current guideline value of Ganapathi Nagar?

The current guideline value of Ganapathi Nagar is Rs 500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, a decrease of 33%. It then increased back to Rs 500 per sq.ft in the 2023 revision, resulting in an overall change of 0% from 2012 to 2023.

What are the stamp duty and registration fees for property in Ganapathi Nagar?

For a property valued at Rs 5,00,000, the stamp duty is Rs 35,000 at 7%, and the registration fee is Rs 10,000 at 2%, totaling Rs 45,000.

Which Sub Registrar Office covers Ganapathi Nagar?

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

Are there any other streets in Thozhuvur with guideline values?

No other streets in Thozhuvur are listed under the Tiruvallur Joint 1 SRO, and there are no specific village figures provided for this area.