Guideline Value for GANAPATHYPURAM EXTENTION 2ND CROSS STREET

Ganapathypuram Extention 2nd Cross Street guideline value

The current guideline value for Ganapathypuram Extention 2nd Cross Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village under the Pallavaram SRO, and the land classification is Mixed Type - I.

How the guideline value of Ganapathypuram Extention 2nd Cross Street has changed

The guideline value for Ganapathypuram Extention 2nd Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 3,500 per sq.ft, which increased to Rs 3,750 per sq.ft in 2023. The most recent revision in 2024 raised the value to Rs 3,850 per sq.ft, marking a 3% increase from the previous year. Notably, there are no figures available for the years 2002, 2003, 2007, and 2017 in the register for this street.

From 2012 to 2023, the guideline value increased by 7%, and overall, from 2012 to 2024, it has risen by 10%. These changes reflect the adjustments made in the guideline values over the years, highlighting the current figure's position in the context of previous valuations.

Guideline values in Zaminpallavaram

Zaminpallavaram village has a total of 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, placing Ganapathypuram Extention 2nd Cross Street's 2024 figure above that median.

• Ganashpriyan Avenue: Rs 2,160 per sq.ft (2024)
• Gandhiamman Koil Street: Rs 2,160 per sq.ft (2024)
• Gandhi Nagar: Rs 3,300 per sq.ft (2024)
• Gandhi Nagar 1 To 3 Streets: Rs 3,300 per sq.ft (2024)
• Ganapathipuram Main Road: Rs 3,850 per sq.ft (2024)
• Ganapathi Nagar: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Ganapathypuram Extention 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total to Rs 3,46,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ganapathypuram Extention 2nd Cross Street?

The Ganapathypuram Extention 2nd Cross Street falls under the jurisdiction of the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical component in the property registration process in Zaminpallavaram. It serves as a benchmark for determining the minimum value of a property, ensuring that the registration fees and stamp duties are calculated fairly based on the property's worth.

When buying or selling property, the guideline value is used to assess the applicable stamp duty and registration fees, which are essential for completing the transaction legally. This helps maintain transparency and accountability in property dealings within the region.

Frequently asked questions

What is the current guideline value of Ganapathypuram Extention 2nd Cross Street?

The current guideline value of Ganapathypuram Extention 2nd Cross Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2012 to Rs 3,750 per sq.ft in 2023, and now to Rs 3,850 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, and 2017 in the register for this street.

What is the land classification of Ganapathypuram Extention 2nd Cross Street?

The land classification for Ganapathypuram Extention 2nd Cross Street is Mixed Type - I. This classification indicates the type of development and usage permitted in the area.

Where is the Pallavaram Sub Registrar Office located?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. This office handles property registrations for the area.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a property valued at Rs 38,50,000 would incur a stamp duty of Rs 2,69,500 at 7%.