Guideline Value for GANAPATHY STREET

Ganapathy Street guideline value

The current guideline value for Ganapathy Street in Kakkalur village, under the Tiruvallur Joint 1 SRO, is Rs 626 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - III land classification.

How the guideline value of Ganapathy Street has changed

The guideline value for Ganapathy Street has seen several revisions over the years. In 2007, the value was Rs 100 per sq.ft, which increased significantly to Rs 625 per sq.ft in 2012, marking a 525% rise. However, from 2012 to 2017, it decreased to Rs 419 per sq.ft, a drop of 33%. The value then increased by 49% to Rs 626 per sq.ft in 2023, and remained unchanged in the 2024 revision.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 526%.

Guideline values in Kakkalur

Kakkalur village has a range of guideline values across its 133 streets, with the 2024 figures varying from Rs 400 to Rs 3,000 per sq.ft. The median guideline value is Rs 626 per sq.ft, which is equal to the current figure for Ganapathy Street.

• Gaingai Main Street/ Street: Rs 626 per sq.ft (2024)
• Ganesh Vista Nagar: Rs 626 per sq.ft (2024)
• Empire City Part-I -To -IV: Rs 626 per sq.ft (2024)
• Empire Avenue: Rs 626 per sq.ft (2024)
• Gangai Street: Rs 626 per sq.ft (2024)
• Green Gold Lay Out: Rs 626 per sq.ft (2024)

Stamp duty and registration fee for property in Ganapathy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 626 per sq.ft, the total guideline value amounts to Rs 6,26,000. The stamp duty at 7% would be Rs 43,820, and the registration fee at 2% would be Rs 12,520, totaling Rs 56,340. 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 Street?

Ganapathy Street is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kakkalur. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the transaction reflects a fair value for taxation purposes.

Frequently asked questions

What is the current guideline value of Ganapathy Street?

The current guideline value of Ganapathy Street is Rs 626 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 626 per sq.ft in 2024, reflecting an overall increase of 526% over this period.

What are the other streets with the same guideline value in Kakkalur?

Other streets in Kakkalur with the same guideline value of Rs 626 per sq.ft include Gaingai Main Street, Ganesh Vista Nagar, Empire City Part-I -To -IV, Empire Avenue, Gangai Street, and Green Gold Lay Out.

What is the stamp duty rate in Tamil Nadu?

The stamp duty rate in Tamil Nadu is generally 7% of the guideline value or sale price, whichever is higher, while the registration fee is typically 2%.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the relevant local government website or using the find your SRO tool for assistance.