Guideline Value for GANAPATHY NAGAR & STREETS

Ganapathy Nagar & Streets guideline value

The current guideline value of Ganapathy Nagar & Streets is Rs 840 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-A village under the Avadi SRO, classified as Residential Class II Type - II.

How the guideline value of Ganapathy Nagar & Streets has changed

The guideline value for Ganapathy Nagar & Streets has seen several revisions over the years. The 2017 revision set the value at Rs 737 per sq.ft. In 2023, this increased to Rs 800 per sq.ft, marking a change of +9%. The most recent revision in 2024 raised the guideline value to Rs 840 per sq.ft, reflecting a further increase of +5%. Overall, from 2017 to 2024, the guideline value has increased by +14%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft. The median value is Rs 750 per sq.ft, placing Ganapathy Nagar & Streets above this median at Rs 840 per sq.ft.

• Ganesh Nagar: Rs 840 per sq.ft (2024)
• Ganeshpuram & Streets: Rs 750 per sq.ft (2024)
• Ennai Petra Thaiyar Nagar: Rs 660 per sq.ft (2024)
• Ellammal Koil Street: Rs 440 per sq.ft (2024)
• Gayathiri Nagar: Rs 840 per sq.ft (2024)
• Gengalamman Koil St: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Ganapathy Nagar & Streets

For a 1,000 sq.ft plot at the current rate of Rs 840 per sq.ft, the guideline value amounts to Rs 8,40,000. The stamp duty at 7% would be Rs 58,800, and the registration fee at 2% would be Rs 16,800, bringing the total to Rs 75,600. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ganapathy Nagar & Streets?

The Ganapathy Nagar & Streets area is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value is crucial during the registration process of property transactions in Thiruninravur-A. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ganapathy Nagar & Streets?

The current guideline value of Ganapathy Nagar & Streets is Rs 840 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 737 per sq.ft in 2017 to Rs 800 per sq.ft in 2023, and now to Rs 840 per sq.ft in 2024. Overall, this represents a +14% increase from 2017 to 2024.

What is the classification of Ganapathy Nagar & Streets?

Ganapathy Nagar & Streets is classified as Residential Class II Type - II under the Avadi SRO.

Where can I find the Sub Registrar Office for Ganapathy Nagar & Streets?

The Avadi Sub Registrar Office covers Ganapathy Nagar & Streets, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Ganapathy Nagar & Streets?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at Rs 840 per sq.ft, the total guideline value is Rs 8,40,000, leading to a stamp duty of Rs 58,800.