Guideline Value for GANAPATHY 1ST STREET (P.T.C. COLONY )AND JOINT

Ganapathy 1st Street (P.T.C. Colony )and Joint guideline value

The current guideline value for Ganapathy 1st Street (P.T.C. Colony )and Joint is Rs 7,150 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Ganapathy 1st Street (P.T.C. Colony )and Joint has changed

Over the years, the guideline value for Ganapathy 1st Street (P.T.C. Colony )and Joint has seen several revisions. The 2012 revision set the value at Rs 6,500 per sq.ft, which was then reduced to Rs 4,355 per sq.ft in the 2017 revision. This represented a decrease of 33%. The following revision in 2023 increased the value to Rs 6,500 per sq.ft, and the most recent 2024 revision raised it further to Rs 7,150 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO with 2024 guideline values ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median value for these streets is Rs 9,900 per sq.ft, placing Ganapathy 1st Street (P.T.C. Colony )and Joint below that median.

• Ganapathy 2nd Street (Avvai Nagar): Rs 7,150 per sq.ft (2024)
• Ganapathy 2nd Street (P.T.C. Colony ): Rs 7,150 per sq.ft (2024)
• Ganapathy 3rd Street (Avvai Nagar): Rs 7,150 per sq.ft (2024)
• Ganapathy 4th Street: Rs 7,150 per sq.ft (2024)
• Ganapathy 5th Street (Avvai Nagar): Rs 7,150 per sq.ft (2024)
• Ganapathy 6th Street (Avvai Nagar): Rs 7,150 per sq.ft (2024)

Stamp duty and registration fee for property in Ganapathy 1st Street (P.T.C. Colony )and Joint

For a property measuring 1,000 sq.ft at the current guideline value of Rs 7,150 per sq.ft, the total guideline value amounts to Rs 71,50,000. The stamp duty at 7% would be Rs 5,00,500, and the registration fee at 2% would be Rs 1,43,000, bringing the total to Rs 6,43,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ganapathy 1st Street (P.T.C. Colony )and Joint?

The Ganapathy 1st Street (P.T.C. Colony )and Joint falls under the jurisdiction of the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Thiruvanmiyur, as it is used to determine the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is assessed to calculate the total costs involved in the transaction. It is essential for both parties to be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Ganapathy 1st Street (P.T.C. Colony )and Joint?

The current guideline value for Ganapathy 1st Street (P.T.C. Colony )and Joint is Rs 7,150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 6,500 per sq.ft in 2012 to Rs 4,355 per sq.ft in 2017, then back to Rs 6,500 per sq.ft in 2023, and finally to Rs 7,150 per sq.ft in 2024.

What is the land classification for Ganapathy 1st Street (P.T.C. Colony )and Joint?

The land classification for Ganapathy 1st Street (P.T.C. Colony )and Joint is Residential Class IV Type - I.

Which Sub Registrar Office covers this street?

The Chennai South Joint I Sub Registrar Office covers Ganapathy 1st Street (P.T.C. Colony )and Joint, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the median guideline value for streets in Thiruvanmiyur?

The median guideline value for streets in Thiruvanmiyur is Rs 9,900 per sq.ft, which is higher than the current guideline value for Ganapathy 1st Street (P.T.C. Colony )and Joint.