Guideline Value for GANAPATHY NAGAR

Ganapathy Nagar guideline value

The current guideline value of Ganapathy Nagar, located in Voyalur village under the Ponneri Sub Registrar Office (SRO), is Rs 100 per sq.ft. The land classification for this area is Residential Class II Type - I.

How the guideline value of Ganapathy Nagar has changed

The guideline value for Ganapathy Nagar has undergone several revisions over the years. The register shows that in 2017, the guideline value was Rs 67 per sq.ft. This figure increased to Rs 100 per sq.ft in the 2023 revision, marking a 49% increase. The 2024 revision has maintained the guideline value at Rs 100 per sq.ft, indicating no change from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, there has been a total increase of 49% in the guideline value.

Guideline values in Voyalur

In Voyalur, there are 17 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 150 per sq.ft, with the median being Rs 100 per sq.ft. The guideline value for Ganapathy Nagar aligns with this median.

• Global City Phase-I: Rs 100 per sq.ft (2024)
• Globel City: Rs 126 per sq.ft (2024)
• D.N.R. Nagar: Rs 100 per sq.ft (2024)
• Green City: Rs 126 per sq.ft (2024)
• Hindustan Nagar: Rs 126 per sq.ft (2024)
• Indhira Nagar: Rs 100 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 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty is charged at 7%, which totals Rs 7,000, and the registration fee is charged at 2%, amounting to Rs 2,000. Therefore, the total cost for these fees together is Rs 9,000. 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 details.

Which Sub Registrar Office covers Ganapathy Nagar?

Ganapathy Nagar falls under the jurisdiction of the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For further information, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Voyalur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is referenced to calculate the applicable fees. Buyers should be aware that the stamp duty is levied on either the guideline value or the sale price, whichever is higher, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Ganapathy Nagar?

The current guideline value of Ganapathy Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in 2023 and remains at Rs 100 per sq.ft in 2024, marking a 49% increase overall since 2017.

What is the land classification for Ganapathy Nagar?

Ganapathy Nagar is classified as Residential Class II Type - I.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is the stamp duty calculated for property in Ganapathy Nagar?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, along with a registration fee of 2% of the guideline value.