Guideline Value for GANESH NAGAR

Ganesh Nagar guideline value

The current guideline value of Ganesh Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Moonramkattalai village under the Kunrathur SRO, classified as Residential Special Type - II.

How the guideline value of Ganesh Nagar has changed

The guideline value for Ganesh Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which was then reduced to Rs 603 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 900 per sq.ft, and the current 2024 revision has further raised it to Rs 1,000 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from the 2017 revision to the 2023 revision, the value increased by 49%. The overall change from the 2012 revision to the current 2024 revision shows an increase of 11%.

Guideline values in Moonramkattalai

In Moonramkattalai, there are 43 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 650 to Rs 2,750 per sq.ft. The median value is Rs 650 per sq.ft, placing Ganesh Nagar's 2024 figure above this median.

• Eswarar koil Street: Rs 650 per sq.ft (2024)
• Kalvai Street (Kalvai karai Street): Rs 650 per sq.ft (2024)
• Kamarajar Nagar: Rs 650 per sq.ft (2024)
• Kandasamy Nagar: Rs 650 per sq.ft (2024)
• Balaji Nagar: Rs 650 per sq.ft (2024)
• Kundrathur Road: Rs 1,350 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 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, together totaling Rs 90,000. 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 Ganesh Nagar?

The Ganesh Nagar area is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

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

When you buy or sell property, the guideline value will be considered to calculate the necessary fees, ensuring that both parties are aware of the financial obligations involved in the transaction. It is important to refer to the latest guideline values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ganesh Nagar?

The current guideline value of Ganesh Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then back to Rs 900 per sq.ft in 2023, and finally to Rs 1,000 per sq.ft in 2024.

What is the land classification of Ganesh Nagar?

Ganesh Nagar is classified as Residential Special Type - II, indicating its suitability for residential development.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated in Ganesh Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 at 7%.