Guideline Value for GANAPATHI STREET

Ganapathi Street guideline value

The current guideline value of Ganapathi Street in Puliyur village, under the Kodambakkam SRO, is Rs 6,300 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of Ganapathi Street has changed

The guideline value for Ganapathi Street has seen several revisions over the years. In 2007, the value was Rs 1,650 per sq.ft, which increased significantly to Rs 5,800 per sq.ft in 2012, marking a substantial rise of 252%. However, from 2012 to 2017, the value decreased to Rs 3,886 per sq.ft, reflecting a decline of 33%. The most recent revision in 2024 brought the guideline value back up to Rs 6,300 per sq.ft, an increase of 62% from the 2017 figure.

It is important to note that there are no figures available for Ganapathi Street in the years 2023, 2003, and 2002. Overall, from 2007 to 2024, the guideline value has increased by 282%.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, making Ganapathi Street's 2024 figure of Rs 6,300 per sq.ft above the median.

• Gandhi Nagar: Rs 4,400 per sq.ft (2024)
• Gandhi Road, Ch-94: Rs 6,300 per sq.ft (2024)
• Ethiraju Street: Rs 4,400 per sq.ft (2024)
• Ganesh Avenue: Rs 4,400 per sq.ft (2024)
• Erikkarai Road (Lake View Road): Rs 8,200 per sq.ft (2024)
• Gangai Amman Colony: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Ganapathi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,300 per sq.ft, the total guideline value would be Rs 63,00,000. The stamp duty at 7% would amount to Rs 4,41,000, and the registration fee at 2% would be Rs 1,26,000, bringing the total fees together to Rs 5,67,000. 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 Ganapathi Street?

The Sub Registrar Office covering Ganapathi Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Puliyur. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring transparency in property dealings.

When you buy or sell property, the guideline value affects the calculation of stamp duty and registration fees. These fees are based on the guideline value or the sale price, whichever is higher, making it essential for buyers and sellers to be aware of the current guideline value.

Frequently asked questions

What is the current guideline value of Ganapathi Street?

The current guideline value of Ganapathi Street is Rs 6,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 1,650 per sq.ft in 2007 to Rs 6,300 per sq.ft in 2024, representing an overall increase of 282%.

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

For a property valued at Rs 63,00,000, the stamp duty would be Rs 4,41,000, and the registration fee would be Rs 1,26,000, totaling Rs 5,67,000.

Which office handles registrations for Ganapathi Street?

The Kodambakkam Sub Registrar Office handles registrations for Ganapathi Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the land classification for Ganapathi Street?

The land classification for Ganapathi Street is Residential Special Type - III, indicating its designated use for residential purposes.