Guideline Value

Corporate

Guideline Value for GANAPATHY NAGAR

₹550/sq.ft.

The guideline value for Ganapathy Nagar in Vellanoor-2 village (Avadi SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vellanoor-2

Village

Avadi

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Ganapathy Nagar

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Ganapathy Nagar guideline value

The current guideline value of Ganapathy Nagar is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Vellanoor-2 village under the Avadi SRO, classified as Residential Class II Type - I.

How the guideline value of Ganapathy Nagar has changed

In the 2017 revision, the guideline value was Rs 335 per sq.ft. This figure increased significantly to Rs 500 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 550 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2012 for Ganapathy Nagar. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Vellanoor-2

In Vellanoor-2, there are 31 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,800 per sq.ft, with a median value of Rs 555 per sq.ft. The guideline value for Ganapathy Nagar is below this median.

Stamp duty and registration fee for property in Ganapathy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, making the total cost for these fees Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

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 Vellanoor-2

The guideline value plays a crucial role during the registration of property transactions in Vellanoor-2. It is used to determine the applicable stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the current guideline value, as it affects the overall cost of the transaction. Buyers should ensure that they are informed about the latest revisions to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Ganapathy Nagar?

The current guideline value of Ganapathy Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 335 per sq.ft to Rs 550 per sq.ft in 2024, which is a total increase of 64% over this period.

What are the guideline values of other streets in Vellanoor-2?

Other streets in Vellanoor-2 have varying guideline values, ranging from Rs 440 to Rs 1,800 per sq.ft, with a median value of Rs 555 per sq.ft.

What fees are associated with property transactions in Ganapathy Nagar?

For property transactions in Ganapathy Nagar, the stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher.

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

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