Guideline Value for GANAPATHY AVENUE

Ganapathy Avenue guideline value

The current guideline value of Ganapathy Avenue in Kayirambedu village, under the Chengleput Joint II SRO, is Rs 2,389 per sq.ft. This value is effective from 1 July 2024 and is classified as Mixed Special Type - II.

How the guideline value of Ganapathy Avenue has changed

The guideline value register for Ganapathy Avenue shows no figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision maintained the guideline value at Rs 2,389 per sq.ft, which was unchanged in the 2024 revision, indicating a 0% change between these two years.

In summary, the guideline value for Ganapathy Avenue has remained consistent at Rs 2,389 per sq.ft since the 2023 revision. This stability suggests a steady valuation for this street over the recent years.

Guideline values in Kayirambedu

In Kayirambedu, there are 120 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 400 to Rs 3,550 per sq.ft. The median guideline value for the village is Rs 700 per sq.ft, placing Ganapathy Avenue's guideline value above this median.

• Gandhi Nagar: Rs 700 per sq.ft (2024)
• Ganesh Nagar: Rs 700 per sq.ft (2024)
• Ganga Nagar: Rs 700 per sq.ft (2024)
• Eden Garden: Rs 700 per sq.ft (2024)
• Good Will Nagar: Rs 800 per sq.ft (2024)
• Gowtham Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Ganapathy Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,389 per sq.ft, the total guideline value amounts to Rs 23,89,000. The stamp duty at 7% would be Rs 1,67,230, and the registration fee at 2% would be Rs 47,780, leading to a total of Rs 2,15,010. 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 Avenue?

The Ganapathy Avenue falls under the jurisdiction of the Chengleput Joint II Sub Registrar Office located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

During registration, the guideline value serves as a reference point for the authorities to assess the property's worth. This ensures that the transaction is recorded accurately and that the appropriate taxes are levied based on the established guideline value.

Frequently asked questions

What is the current guideline value of Ganapathy Avenue?

The current guideline value of Ganapathy Avenue is Rs 2,389 per sq.ft, effective from 1 July 2024.

Has the guideline value changed recently?

No, the guideline value has remained the same at Rs 2,389 per sq.ft since the 2023 revision, showing a 0% change for the 2024 revision.

What is the land classification for Ganapathy Avenue?

Ganapathy Avenue is classified as Mixed Special Type - II, which indicates the type of land use permitted in the area.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Kayirambedu?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 23,89,000 would incur a stamp duty of Rs 1,67,230 at the rate of 7%.