Guideline Value for GANESAPURAM MAIN ROAD

Ganesapuram Main Road guideline value

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

How the guideline value of Ganesapuram Main Road has changed

The guideline value for Ganesapuram Main Road has seen several revisions over the years. In 2007, the value was Rs 550 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, it dropped to Rs 1,340 per sq.ft in 2017. The value then rose to Rs 2,000 per sq.ft in 2023 and further increased to the current rate of Rs 2,200 per sq.ft in 2024. The register has no figures for the years 2002 and 2003.

From 2007 to 2024, the overall increase in guideline value is 300%. The changes between the revisions include a 264% increase from 2007 to 2012, a decrease of 33% from 2012 to 2017, and a 49% increase from 2017 to 2023, culminating in a 10% rise from 2023 to 2024.

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. The guideline value of Ganesapuram Main Road is below this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total 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, totaling 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 details.

Which Sub Registrar Office covers Ganesapuram Main Road?

The Ganesapuram Main Road is covered by the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is crucial when registering property transactions in Perambur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair valuation of the property. It is essential for buyers to be aware of this value to avoid overpaying and for sellers to set realistic price expectations based on the current guideline value.

Frequently asked questions

What is the current guideline value of Ganesapuram Main Road?

The current guideline value of Ganesapuram Main Road 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 several times, starting from Rs 550 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 300% over the years.

What is the land classification for Ganesapuram Main Road?

Ganesapuram Main Road is classified as Residential Class IV Type - I, indicating its suitability for residential development.

Where can I find the registration office for Ganesapuram Main Road?

The registration office for Ganesapuram Main Road is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for properties in Ganesapuram Main Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 22,00,000, the stamp duty at 7% would be Rs 1,54,000.