Guideline Value for GANAPATHY 6THSTREET AVVAI NAGAR )

Ganapathy 6thstreet Avvai Nagar ) guideline value

The current guideline value for Ganapathy 6thstreet 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 6thstreet Avvai Nagar ) has changed

In the 2012 revision, the guideline value was Rs 6,500 per sq.ft. This figure remained the same in the 2012 revision but decreased to Rs 4,355 per sq.ft in the 2017 revision, marking a decline of 33%. From 2017 to 2023, the value increased significantly to Rs 6,500 per sq.ft, a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 7,150 per sq.ft, reflecting a 10% increase from the previous year.

There are no registered 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

Thiruvanmiyur village has a total of 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, placing Ganapathy 6thstreet Avvai Nagar ) below this median.

• Ganapathy 5th Street Avvai Nagar ): Rs 7,150 per sq.ft (2024)
• Ganapathy 4thstreet: Rs 7,150 per sq.ft (2024)
• Ganapathy 3rd 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 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 6thstreet 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 be Rs 5,00,500, and the registration fee at 2% would be Rs 1,43,000, bringing the total cost for these fees to Rs 6,43,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ganapathy 6thstreet Avvai Nagar )?

The Ganapathy 6thstreet Avvai Nagar ) area is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commerrcial 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

The guideline value is a critical factor in property transactions in Thiruvanmiyur. It serves as the minimum value for which a property can be registered, ensuring that the government receives appropriate revenue from property sales. Buyers and sellers must consider this value when negotiating sale prices.

During the registration process, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the higher of the guideline value or the actual sale price, which means understanding the guideline value is essential for accurate financial planning in real estate transactions.

Frequently asked questions

What is the current guideline value of Ganapathy 6thstreet Avvai Nagar )?

The current guideline value of Ganapathy 6thstreet 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 seen several changes, starting from Rs 6,500 in 2012, decreasing to Rs 4,355 in 2017, and then increasing to Rs 6,500 in 2023. The latest revision in 2024 set the value at Rs 7,150.

What is the land classification for Ganapathy 6thstreet Avvai Nagar )?

Ganapathy 6thstreet Avvai Nagar ) is classified as Residential Class IV Type - I.

What is the median guideline value in Thiruvanmiyur?

The median guideline value for the 484 streets in Thiruvanmiyur is Rs 9,900 per sq.ft, which is higher than the current value of Ganapathy 6thstreet Avvai Nagar ) at Rs 7,150 per sq.ft.

Where can I find the Sub Registrar Office for Ganapathy 6thstreet Avvai Nagar )?

The Sub Registrar Office for Ganapathy 6thstreet Avvai Nagar ) is located at Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.