Guideline Value for GANESAPURAM 2ND STREET

Ganesapuram 2nd Street guideline value

The current guideline value of Ganesapuram 2nd Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class IV Type - I.

How the guideline value of Ganesapuram 2nd Street has changed

The guideline value for Ganesapuram 2nd Street has seen several revisions over the years. In 2003, the value was Rs 461 per sq.ft, which increased to Rs 550 per sq.ft in 2007. The value then rose significantly to Rs 2,000 per sq.ft in 2012, before dropping to Rs 1,340 per sq.ft in 2017. The 2023 revision set the value at Rs 2,000 per sq.ft, and the most recent revision in 2024 has increased it to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the value increased by 49%. The change from 2012 to 2017 saw a decrease of 33%. The rise from 2007 to 2012 was substantial at 264%, while the increase from 2003 to 2007 was 19%. Overall, from 2003 to 2024, the guideline value has increased by 377%. The register has no figure for this street in 2002.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. Ganesapuram 2nd Street's 2024 guideline value is below this median.

• Ganesapuram 1st Street: Rs 2,200 per sq.ft (2024)
• Ganesapuram 3rd Street: Rs 2,200 per sq.ft (2024)
• Ganesapuram: Rs 2,200 per sq.ft (2024)
• Ganesapuram Main Road: Rs 2,200 per sq.ft (2024)
• Gandhipuram Road: Rs 2,200 per sq.ft (2024)
• Gandhipuram: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ganesapuram 2nd Street

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ganesapuram 2nd Street?

The Sub Registrar Office that covers Ganesapuram 2nd Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value is essential during the registration process of property transactions in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in the buying and selling process.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This value is critical for both buyers and sellers, as it influences the overall costs associated with property transactions.

Frequently asked questions

What is the current guideline value of Ganesapuram 2nd Street?

The current guideline value of Ganesapuram 2nd Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 461 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 377% over the years.

What are the stamp duty and registration fees for properties in Ganesapuram 2nd Street?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers Ganesapuram 2nd Street?

The Purasaivakkam Sub Registrar Office covers Ganesapuram 2nd Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification of Ganesapuram 2nd Street?

Ganesapuram 2nd Street is classified as Residential Class IV Type - I, indicating its suitability for residential development.