Guideline Value for GANESH GARDEN

Ganesh Garden guideline value

The current guideline value of Ganesh Garden, located in Thachoor_2 village under the Ponneri SRO, is Rs 800 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Ganesh Garden has changed

The guideline value for Ganesh Garden has remained consistent at Rs 800 per sq.ft from the 2023 revision to the 2024 revision. Prior to this, the register has no figure for this street from the revisions in 2017, 2012, 2007, 2003, and 2002.

This indicates that there has been no change in the guideline value between the 2023 and 2024 revisions, maintaining the value at Rs 800 per sq.ft.

Guideline values in Thachoor_2

In Thachoor_2, there are 40 streets under the Ponneri SRO with a guideline value for 2024 ranging from Rs 202 to Rs 1,800 per sq.ft. The median guideline value for the area is Rs 600 per sq.ft, placing Ganesh Garden's 2024 figure above this median.

• Gorti Green Garden: Rs 400 per sq.ft (2024)
• Illaihi Nagar: Rs 400 per sq.ft (2024)
• Jai Nagar: Rs 600 per sq.ft (2024)
• Kandan Nagar: Rs 800 per sq.ft (2024)
• Balasubramaniyam Nagar: Rs 1,195 per sq.ft (2024)
• K.P.K. Nagar: Rs 202 per sq.ft (2024)

Stamp duty and registration fee for property in Ganesh Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty is charged at 7%, amounting to Rs 56,000, and the registration fee is 2%, which is Rs 16,000. Together, the total cost for stamp duty and registration would be Rs 72,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ganesh Garden?

The Ganesh Garden area falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thachoor_2

The guideline value is essential during property registration as it determines the amount of stamp duty and registration fees payable. Buyers and sellers must consider the guideline value to ensure compliance with local regulations and to avoid any potential disputes during the transaction process.

When a property is sold, the guideline value serves as a benchmark for the transaction. If the sale price exceeds the guideline value, the stamp duty is calculated based on the higher amount, ensuring that the correct fees are paid to the government.

Frequently asked questions

What is the current guideline value of Ganesh Garden?

The current guideline value of Ganesh Garden is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Ganesh Garden has remained at Rs 800 per sq.ft for the 2023 and 2024 revisions. There are no figures available for the revisions from 2017, 2012, 2007, 2003, and 2002.

What is the land classification of Ganesh Garden?

Ganesh Garden is classified as Residential Special Type - I, indicating its intended use for residential purposes.

How does the guideline value affect property transactions?

The guideline value impacts the stamp duty and registration fees during property transactions. It serves as a reference point, and if the sale price exceeds the guideline value, the higher amount is used for calculating the fees.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can visit this office for any registration-related queries.