Guideline Value for GANATHIYA VILLA SRI AMBAL VIJAYALAKSHMI NAGAR

Ganathiya Villa Sri Ambal Vijayalakshmi Nagar guideline value

The current guideline value for Ganathiya Villa Sri Ambal Vijayalakshmi Nagar is Rs 2,460 per sq.ft, effective from 1 July 2024. This property is located in Kannampalayam village under the Kunrathur SRO, classified as Mixed Type - II land.

How the guideline value of Ganathiya Villa Sri Ambal Vijayalakshmi Nagar has changed

The guideline value for this property has seen several revisions over the years. The 2017 revision recorded a value of Rs 1,500 per sq.ft, which remained unchanged in the 2023 revision. However, the 2024 revision marked a significant increase to Rs 2,460 per sq.ft, reflecting a 64% rise from the previous year.

Looking at the overall changes, the guideline value increased from Rs 1,500 per sq.ft in 2017 to Rs 2,460 per sq.ft in 2024, representing a total increase of 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kannampalayam

Kannampalayam village has a total of 75 streets under the Kunrathur SRO, with the 2024 guideline values ranging from Rs 765 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 1,375 per sq.ft, positioning Ganathiya Villa Sri Ambal Vijayalakshmi Nagar's 2024 figure above this median.

• Emarald Park: Rs 765 per sq.ft (2024)
• G.P.R.Nagar: Rs 765 per sq.ft (2024)
• Hanu Garden: Rs 2,460 per sq.ft (2024)
• Chendur Garden: Rs 1,650 per sq.ft (2024)
• Jothi Nagar: Rs 1,540 per sq.ft (2024)
• Blossom Rich: Rs 1,376 per sq.ft (2024)

Stamp duty and registration fee for property in Ganathiya Villa Sri Ambal Vijayalakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,460 per sq.ft, the total guideline value amounts to Rs 24,60,000. The stamp duty is calculated at 7%, resulting in Rs 1,72,200, while the registration fee at 2% amounts to Rs 49,200. The total cost for these fees together is Rs 2,21,400. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ganathiya Villa Sri Ambal Vijayalakshmi Nagar?

The Ganathiya Villa Sri Ambal Vijayalakshmi Nagar falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For further information, you can find your SRO.

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

The guideline value is crucial when registering property transactions in Kannampalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are essential for the legal transfer of ownership. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for Ganathiya Villa Sri Ambal Vijayalakshmi Nagar?

The current guideline value for Ganathiya Villa Sri Ambal Vijayalakshmi Nagar is Rs 2,460 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,500 per sq.ft in 2017 to Rs 2,460 per sq.ft in 2024, marking a total increase of 64% over this period.

What is the median guideline value for streets in Kannampalayam?

The median guideline value for the 75 streets in Kannampalayam is Rs 1,375 per sq.ft, with Ganathiya Villa Sri Ambal Vijayalakshmi Nagar's value exceeding this median.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 24,60,000, the stamp duty would be Rs 1,72,200 and the registration fee would be Rs 49,200, totaling Rs 2,21,400.

Which office handles registrations for Ganathiya Villa Sri Ambal Vijayalakshmi Nagar?

The Kunrathur Sub Registrar Office handles registrations for Ganathiya Villa Sri Ambal Vijayalakshmi Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.