Guideline Value for GANESA ROAD

Ganesa Road guideline value

The current guideline value of Ganesa Road in Vadaagaram village, under the Kodambakkam SRO, is Rs 3,300 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class IV Type - III land classification.

How the guideline value of Ganesa Road has changed

Over the years, the guideline value of Ganesa Road has seen significant changes. The 2007 revision set the value at Rs 750 per sq.ft, which increased dramatically to Rs 3,000 per sq.ft in 2012, marking a rise of 300%. However, it then decreased to Rs 2,010 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 3,000 per sq.ft in 2023, and currently stands at Rs 3,300 per sq.ft after a 10% increase 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 340%.

Guideline values in Vadaagaram

In Vadaagaram, there are 78 streets under the Kodambakkam SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 16,500 per sq.ft, with a median value of Rs 6,600 per sq.ft. The guideline value of Ganesa Road is below this median.

• Gangadharan Street: Rs 4,900 per sq.ft (2024)
• Govindan Street: Rs 7,000 per sq.ft (2024)
• Govindasamy Street: Rs 6,000 per sq.ft (2024)
• Indira Gandhi Nagar 1st Street: Rs 3,800 per sq.ft (2024)
• Indira Gandhi Nagar 2nd Street: Rs 3,800 per sq.ft (2024)
• Indira Gandhi Nagar 3rd Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Ganesa Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, while the registration fee at 2% would be Rs 66,000, leading to a total of Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ganesa Road?

The Ganesa Road area is covered by the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Vadaagaram. It determines the minimum price at which a property can be registered, ensuring that the state receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point for both parties. It is essential for buyers to be aware of the current guideline value to ensure they are making informed decisions during the transaction process.

Frequently asked questions

What is the current guideline value of Ganesa Road?

The current guideline value of Ganesa Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 340% over the years.

What are the other streets in Vadaagaram and their guideline values?

Other streets in Vadaagaram include Gangadharan Street at Rs 4,900 per sq.ft, Govindan Street at Rs 7,000 per sq.ft, and Indira Gandhi Nagar 1st Street at Rs 3,800 per sq.ft, among others.

What fees are involved when buying property in Ganesa Road?

When buying property in Ganesa Road, buyers should consider the stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ganesa Road?

The Sub Registrar Office covering Ganesa Road is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.