Guideline Value for GANAPATHY 3RD STREET (AVVAI NAGAR)

Ganapathy 3rd Street (Avvai Nagar) guideline value

The current guideline value of Ganapathy 3rd 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 3rd Street (Avvai Nagar) has changed

The guideline value for Ganapathy 3rd Street (Avvai Nagar) has seen several revisions over the years. 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. Following this, the value increased significantly to Rs 6,500 per sq.ft in the 2023 revision, and currently stands at Rs 7,150 per sq.ft from the 2024 revision, reflecting a 10% increase from the previous year.

From 2012 to 2017, the guideline value decreased by 33%, but from 2017 to 2023, it increased by 49%. Overall, from 2012 to 2024, 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 that carry a 2024 guideline value ranging from Rs 3,520 to Rs 12,660 per sq.ft, with a median value of Rs 9,900 per sq.ft. The guideline value for Ganapathy 3rd Street (Avvai Nagar) is below this median.

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

Stamp duty and registration fee for property in Ganapathy 3rd 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 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, making the total cost for these fees Rs 6,43,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ganapathy 3rd Street (Avvai Nagar)?

The Sub Registrar Office that covers Ganapathy 3rd 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 registering property transactions in Thiruvanmiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the registration fees and stamp duties are calculated accurately based on this value.

When buying or selling property, the guideline value helps in assessing the legal and financial implications of the transaction. It is essential for both buyers and sellers to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ganapathy 3rd Street (Avvai Nagar)?

The current guideline value of Ganapathy 3rd 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 is now Rs 7,150 per sq.ft in 2024.

What is the land classification for Ganapathy 3rd Street (Avvai Nagar)?

The land classification for Ganapathy 3rd Street (Avvai Nagar) is Residential Class IV Type - I.

Which Sub Registrar Office covers Ganapathy 3rd Street (Avvai Nagar)?

The Chennai South Joint I Sub Registrar Office covers Ganapathy 3rd Street (Avvai Nagar), located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the stamp duty and registration fee for properties in this area?

For a property valued at Rs 71,50,000, the stamp duty would be Rs 5,00,500, and the registration fee would be Rs 1,43,000, totaling Rs 6,43,500. The duty is charged on the higher of the guideline value or the sale price.