Guideline Value for GANAPATHY NAGAR

Ganapathy Nagar guideline value

The current guideline value of Ganapathy Nagar, located in Cheranancheri village, is Rs 330 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - IV land classification. The street is registered with the Avadi Sub Registrar Office (Avadi SRO).

How the guideline value of Ganapathy Nagar has changed

The guideline value register for Ganapathy Nagar has no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision, effective from 1 July 2024, sets the guideline value at Rs 330 per sq.ft.

Since there are no figures available for the previous revisions, the only current value to consider is the 2024 revision. Therefore, there have been no changes in the guideline value for this street between the revisions listed.

Guideline values in Cheranancheri

In Cheranancheri, there are 31 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 274 to Rs 3,000 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft, indicating that Ganapathy Nagar's 2024 figure is below this median.

• Coral Crest By Urban Tree: Rs 2,200 per sq.ft (2024)
• Chokkalingam Amsaveni Nagar: Rs 274 per sq.ft (2024)
• Kanthammal Nagar: Rs 440 per sq.ft (2024)
• Bajanai Koil Street: Rs 530 per sq.ft (2024)
• Annai Indira Nagar: Rs 274 per sq.ft (2024)
• Annai Indira Gandhi Nagar: Rs 580 per sq.ft (2024)

Stamp duty and registration fee for property in Ganapathy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total to Rs 29,700. 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 details.

Which Sub Registrar Office covers Ganapathy Nagar?

The Ganapathy Nagar 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 Cheranancheri

The guideline value plays a crucial role during the registration process of property transactions in Cheranancheri. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value must be considered as it affects the overall cost of the transaction. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, which can impact the total expenses involved in the purchase.

Frequently asked questions

What is the current guideline value of Ganapathy Nagar?

The current guideline value of Ganapathy Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been no figures available for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only current figure is from the 2024 revision, which is Rs 330 per sq.ft.

What is the median guideline value for streets in Cheranancheri?

The median guideline value for streets in Cheranancheri is Rs 1,540 per sq.ft, with Ganapathy Nagar's figure being below this median.

What are the stamp duty and registration fees for a property in Ganapathy Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 3,30,000, leading to a stamp duty of Rs 23,100 and a registration fee of Rs 6,600, totaling Rs 29,700.

Which office handles the registration for Ganapathy Nagar?

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