Guideline Value for GANAPATHI NAGAR

Ganapathi Nagar guideline value

The current guideline value of Ganapathi Nagar is Rs 485 per sq.ft, effective from 1 July 2024. This area is located in Vichoor_B village and falls under the Thiruvottiyur SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Ganapathi Nagar has changed

The guideline value for Ganapathi Nagar has seen several revisions over the years. The oldest recorded figure is from the 2017 revision, which was Rs 295 per sq.ft. This was followed by an increase to Rs 441 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 485 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Vichoor_B

In Vichoor_B village, there are 45 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 550 per sq.ft. The median value is Rs 485 per sq.ft, which is equal to the current guideline value of Ganapathi Nagar.

• F D Nagar: Rs 550 per sq.ft (2024)
• Ezhil Nagar: Rs 485 per sq.ft (2024)
• Eswaran Koil Street: Rs 440 per sq.ft (2024)
• I.J Puram: Rs 485 per sq.ft (2024)
• Jagan Nagar: Rs 485 per sq.ft (2024)
• Jagan Nagar Ext: Rs 485 per sq.ft (2024)

Stamp duty and registration fee for property in Ganapathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 485 per sq.ft, the total guideline value would be Rs 4,85,000. The stamp duty at 7% would amount to Rs 33,950, and the registration fee at 2% would be Rs 9,700, bringing the total fees to Rs 43,650. It is important to note that 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 Ganapathi Nagar?

Ganapathi Nagar is covered by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. To find more information, you can find your SRO.

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

The guideline value plays a crucial role in the property registration process in Vichoor_B. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property in the area. The fees are based on the higher of the guideline value or the actual sale price of the property.

When a property is registered, the guideline value ensures that the government receives appropriate revenue from property transactions. Buyers and sellers should be aware of the current guideline value to accurately calculate their costs during the registration process.

Frequently asked questions

What is the current guideline value of Ganapathi Nagar?

The current guideline value of Ganapathi Nagar is Rs 485 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 295 per sq.ft in 2017 to Rs 485 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the other streets in Vichoor_B?

Other streets in Vichoor_B include F D Nagar, Ezhil Nagar, Eswaran Koil Street, I.J Puram, Jagan Nagar, and Jagan Nagar Ext, with varying guideline values for 2024.

What fees are associated with property registration in Ganapathi Nagar?

The fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Ganapathi Nagar located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.