Guideline Value for GANAPATHY 2ND STREET (AVVAI NAGAR)

Ganapathy 2nd Street (Avvai Nagar) guideline value

The current guideline value of Ganapathy 2nd Street (Avvai Nagar) 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 2nd Street (Avvai Nagar) has changed

The guideline value for Ganapathy 2nd Street (Avvai Nagar) has undergone several revisions over the years. The 2012 revision set the value at Rs 6,500 per sq.ft, which then decreased to Rs 4,355 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value saw a significant increase of 49%, bringing it back up to Rs 6,500 per sq.ft. The latest revision in 2024 has further increased the guideline value to Rs 7,150 per sq.ft, reflecting a 10% rise from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median guideline value in this area is Rs 9,900 per sq.ft, making the 2024 guideline value of Ganapathy 2nd Street (Avvai Nagar) below the median.

• Ganapathy 1st Street (P.T.C. Colony): 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 2nd Street (Avvai Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 7,150 per sq.ft, the total guideline value would be Rs 71,50,000. The stamp duty at 7% would amount to Rs 5,00,500, while the registration fee at 2% would be Rs 1,43,000, bringing the total cost 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 more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ganapathy 2nd Street (Avvai Nagar)?

The Sub Registrar Office that covers Ganapathy 2nd Street (Avvai Nagar) is 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 is a crucial factor when buying or selling property in Thiruvanmiyur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Ganapathy 2nd Street (Avvai Nagar)?

The current guideline value of Ganapathy 2nd Street (Avvai Nagar) 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 increased 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 2nd Street (Avvai Nagar)?

The land classification for Ganapathy 2nd Street (Avvai Nagar) is Residential Class IV Type - I.

What are the stamp duty and registration fees for property in Ganapathy 2nd Street (Avvai Nagar)?

For a 1,000 sq.ft plot, the total guideline value is Rs 71,50,000, with a stamp duty of Rs 5,00,500 and a registration fee of Rs 1,43,000, totaling Rs 6,43,500.

Which Sub Registrar Office covers Ganapathy 2nd Street (Avvai Nagar)?

The Chennai South Joint I Sub Registrar Office covers Ganapathy 2nd Street (Avvai Nagar), located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.