Guideline Value for GANESH AVENUE

Ganesh Avenue guideline value

The current guideline value of Ganesh Avenue in Puliyur village, under the Kodambakkam SRO, is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class IV Type - II.

How the guideline value of Ganesh Avenue has changed

The guideline value for Ganesh Avenue has seen several revisions over the years. In 2003, the value was Rs 653 per sq.ft, which increased to Rs 1,200 per sq.ft in 2007, marking an increase of 84%. The value then rose significantly to Rs 4,000 per sq.ft in 2012, reflecting a 233% increase. However, it dropped to Rs 2,680 per sq.ft in 2017, a decrease of 33%. The value then rose again to Rs 4,000 per sq.ft in 2023, before reaching the current figure of Rs 4,400 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 574%. It is important to note that there is no figure available for Ganesh Avenue in the 2002 revision.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO that carry a guideline value for 2024, ranging from Rs 3,300 to Rs 14,300 per sq.ft, with a median value of Rs 5,800 per sq.ft. The guideline value of Ganesh Avenue is below this median.

• Gandhi Road,Ch-94: Rs 6,300 per sq.ft (2024)
• Gangai Amman Colony: Rs 5,000 per sq.ft (2024)
• Gangai Amman Koil 1st Cross Street -Vadapalani: Rs 5,800 per sq.ft (2024)
• Gangai Amman Koil 1st Lane -Vadapalani: Rs 5,800 per sq.ft (2024)
• Gangai Amman Koil 2nd Street -Vadapalani: Rs 5,800 per sq.ft (2024)
• Gangai Amman Koil 3rd Street -Choolaimedu: Rs 5,800 per sq.ft (2024)

Stamp duty and registration fee for property in Ganesh Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty, charged at 7%, would be Rs 3,08,000, and the registration fee, at 2%, would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ganesh Avenue?

The Sub Registrar Office that covers Ganesh Avenue is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Puliyur. It serves as the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees that the buyer must pay. This value helps in maintaining transparency in property transactions and prevents undervaluation.

Frequently asked questions

What is the current guideline value of Ganesh Avenue?

The current guideline value of Ganesh Avenue is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 653 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 574% over this period.

What is the land classification for Ganesh Avenue?

Ganesh Avenue is classified as Residential Class IV Type - II.

Where can I find the Sub Registrar Office for Ganesh Avenue?

The Sub Registrar Office for Ganesh Avenue is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What are the stamp duty and registration fees for property in Ganesh Avenue?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.