Guideline Value for GANAPATHY NAGAR

Ganapathy Nagar guideline value

The current guideline value of Ganapathy Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Athur A Block village, under the Chengleput Joint II SRO, and is classified as Mixed Type - I land.

How the guideline value of Ganapathy Nagar has changed

Over the years, the guideline value of Ganapathy Nagar has seen several revisions. The 2007 revision set the value at Rs 150 per sq.ft, which increased significantly to Rs 600 per sq.ft in the 2012 revision. However, there was a decrease in the 2017 revision, where the value was adjusted to Rs 402 per sq.ft. Following this, the value rose to Rs 600 per sq.ft in both the 2023 and 2024 revisions, reflecting a 49% increase from 2017 to 2023, while the change from 2023 to 2024 was 0%.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 300%.

Guideline values in Athur A Block

Athur A Block has a total of 44 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 1,525 per sq.ft, with a median value of Rs 600 per sq.ft. The guideline value of Ganapathy Nagar aligns with this median.

• Gangai Nagar: Rs 600 per sq.ft (2024)
• En Garden: Rs 600 per sq.ft (2024)
• Golden Lane: Rs 600 per sq.ft (2024)
• Doctor Avenue: Rs 550 per sq.ft (2024)
• Cynosure Extension Phase - V: Rs 900 per sq.ft (2024)
• Cynosure Extension Phase - IV: Rs 900 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 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ganapathy Nagar?

The Ganapathy Nagar area falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, within the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Athur A Block

The guideline value plays a crucial role during the registration of property transactions in Athur A Block. It is the basis for calculating the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When a property is bought or sold, the guideline value is referenced to ensure that the correct fees are applied. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Ganapathy Nagar?

The current guideline value of Ganapathy Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 600 per sq.ft in 2012, then decreased to Rs 402 per sq.ft in 2017, and has remained at Rs 600 per sq.ft in both 2023 and 2024.

What are the guideline values for other streets in Athur A Block?

Other streets in Athur A Block have various guideline values ranging from Rs 300 to Rs 1,525 per sq.ft, with several streets, including Gangai Nagar and En Garden, also valued at Rs 600 per sq.ft in 2024.

What fees are associated with buying property in Ganapathy Nagar?

When buying property in Ganapathy Nagar, buyers must pay stamp duty at 7% and a registration fee at 2% based on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Ganapathy Nagar located?

The Chengleput Joint II Sub Registrar Office, which covers Ganapathy Nagar, is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.