Guideline Value for GANAPATHY 2ND STREET (P.T.C. COLONY )

Ganapathy 2nd Street (P.T.C. Colony ) guideline value

The current guideline value of Ganapathy 2nd Street (P.T.C. Colony) 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 (P.T.C. Colony ) has changed

Over the years, the guideline value of Ganapathy 2nd Street (P.T.C. Colony) has seen several revisions. The 2012 revision recorded a guideline value of Rs 6,500 per sq.ft, which was then reduced to Rs 4,355 per sq.ft in the 2017 revision. This marked a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 6,500 per sq.ft, reflecting a rise of 49%. The latest revision in 2024 has further increased the guideline value to Rs 7,150 per sq.ft, a 10% increase from the previous year, 2023.

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 for these streets is Rs 9,900 per sq.ft, making the current value of Ganapathy 2nd Street (P.T.C. Colony) below that median.

• Ganapathy 2nd Street (Avvai Nagar): Rs 7,150 per sq.ft (2024)
• Ganapathy 3rd Street (Avvai Nagar): Rs 7,150 per sq.ft (2024)
• Ganapathy 1st Street (P.T.C. Colony) and Joint: 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 (P.T.C. Colony )

For a 1,000 sq.ft plot 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 more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ganapathy 2nd Street (P.T.C. Colony )?

The Ganapathy 2nd Street (P.T.C. Colony) falls under 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 details.

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

When buying or selling property in Thiruvanmiyur, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is the minimum value set by the government for property transactions, ensuring that the transaction is recorded at a fair value.

During the registration process, the property is assessed based on this guideline value, and the applicable duties and fees are calculated accordingly. This ensures transparency and helps in maintaining a standard across property transactions in the area.

Frequently asked questions

What is the current guideline value of Ganapathy 2nd Street (P.T.C. Colony)?

The current guideline value of Ganapathy 2nd Street (P.T.C. Colony) 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 significantly 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 (P.T.C. Colony)?

The land classification for Ganapathy 2nd Street (P.T.C. Colony) is Residential Class IV Type - I.

Which Sub Registrar Office covers this area?

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

How is stamp duty calculated for properties in Thiruvanmiyur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 71,50,000 would incur a stamp duty of Rs 5,00,500 at 7%.