Guideline Value for GANAPATHY 4THSTREET

Ganapathy 4thstreet guideline value

The current guideline value of Ganapathy 4thstreet 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 4thstreet has changed

The guideline value for Ganapathy 4thstreet has undergone 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, there was a significant increase to Rs 6,500 per sq.ft in the 2023 revision. The most recent revision in 2024 has further increased the guideline value to Rs 7,150 per sq.ft.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023, followed by a 10% increase from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has seen a 10% increase. The register does not have 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 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, placing Ganapathy 4thstreet's 2024 figure below that median.

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

Stamp duty and registration fee for property in Ganapathy 4thstreet

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 be Rs 5,00,500, and the registration fee at 2% would be Rs 1,43,000, bringing the total fees 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.

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Ganapathy 4thstreet?

The Ganapathy 4thstreet is covered by 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 critical factor in the registration process when buying or selling property in Thiruvanmiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer and seller must ensure that the sale price is either equal to or higher than the guideline value to comply with the regulations set forth by the Registration Department. This ensures that the appropriate fees are collected based on the established guideline values.

Frequently asked questions

What is the current guideline value of Ganapathy 4thstreet?

The current guideline value of Ganapathy 4thstreet 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 are the stamp duty and registration fees for properties in Ganapathy 4thstreet?

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.

Which office registers properties in Ganapathy 4thstreet?

Properties in Ganapathy 4thstreet are registered at 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.

What is the land classification for Ganapathy 4thstreet?

Ganapathy 4thstreet is classified as Residential Class IV Type - I according to the land classification guidelines.