Guideline Value for GANESH NAGAR

Ganesh Nagar guideline value

The current guideline value of Ganesh Nagar, located in Mitnamalle village under the Avadi SRO, is Rs 806 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - III.

How the guideline value of Ganesh Nagar has changed

The guideline value for Ganesh Nagar has seen significant changes over the years. The 2012 revision set the value at Rs 250 per sq.ft, which decreased to Rs 167 per sq.ft in 2017. From 2017 to 2023, there was a substantial increase of 379%, bringing the value to Rs 800 per sq.ft. The most recent revision in 2024 increased the guideline value to Rs 806 per sq.ft, a rise of 1% from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for Ganesh Nagar. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 222%.

Guideline values in Mitnamalle

In Mitnamalle, there are 53 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 800 to Rs 2,550 per sq.ft. The median value for these streets is Rs 802 per sq.ft, making Ganesh Nagar's 2024 figure of Rs 806 per sq.ft slightly above the median.

• Gandhi Road: Rs 802 per sq.ft (2024)
• Gandhi 2nd Cross: Rs 802 per sq.ft (2024)
• Gandhi 1st Street: Rs 802 per sq.ft (2024)
• Guru Duwara St: Rs 806 per sq.ft (2024)
• Happy Garden: Rs 802 per sq.ft (2024)
• Hava Nagar: Rs 802 per sq.ft (2024)

Stamp duty and registration fee for property in Ganesh Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 806 per sq.ft, the total guideline value would be Rs 8,06,000. The stamp duty at 7% would be Rs 56,420, and the registration fee at 2% would be Rs 16,120, bringing the total cost for these fees to Rs 72,540. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ganesh Nagar?

The Ganesh Nagar area falls under the Avadi Sub Registrar Office located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Mitnamalle. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When you buy or sell property in Ganesh Nagar, the guideline value will influence the overall transaction costs. It is essential to be aware of the current guideline value to ensure accurate financial planning for property transactions.

Frequently asked questions

What is the current guideline value of Ganesh Nagar?

The current guideline value of Ganesh Nagar is Rs 806 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 250 per sq.ft in 2012 to Rs 806 per sq.ft in 2024, representing an overall increase of 222%.

What is the median guideline value in Mitnamalle?

The median guideline value in Mitnamalle is Rs 802 per sq.ft, with Ganesh Nagar's value being slightly above this at Rs 806 per sq.ft.

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

For a property valued at Rs 8,06,000, the stamp duty would be Rs 56,420 and the registration fee Rs 16,120, totaling Rs 72,540.

Which office handles property registrations for Ganesh Nagar?

The Avadi Sub Registrar Office handles property registrations for Ganesh Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.