Guideline Value for GANESH NAGAR

Ganesh Nagar guideline value

The current guideline value of Ganesh Nagar, located in Ariyanvoyal village under the Ponneri SRO, is Rs 330 per sq.ft. This value is effective from the 2024 revision, which will be implemented on 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Ganesh Nagar has changed

The guideline value for Ganesh Nagar has undergone several revisions since 2002. In 2002, the value was Rs 53 per sq.ft, which increased to Rs 61 per sq.ft in 2003. The next recorded revision was in 2012, where the guideline value was Rs 300 per sq.ft. However, it saw a decrease to Rs 201 per sq.ft in 2017. The value then rose significantly to Rs 300 per sq.ft in 2023, before reaching the current figure of Rs 330 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, the guideline value has increased by 523% from 2002 to 2024. It is important to note that there is no recorded figure for Ganesh Nagar in 2007, indicating a gap in the revisions for that year.

Guideline values in Ariyanvoyal

Ariyanvoyal village has a total of 26 streets under the Ponneri SRO with guideline values ranging from Rs 330 to Rs 880 per sq.ft. The median guideline value for these streets is Rs 330 per sq.ft, which is the same as the current value for Ganesh Nagar.

• Elango Nagar: Rs 330 per sq.ft (2024)
• Janaki Rathina Nagar: Rs 330 per sq.ft (2024)
• Jayalakshmi Nagar: Rs 440 per sq.ft (2024)
• Danal Thangavel Nagar: Rs 330 per sq.ft (2024)
• Jegan Nagra: Rs 330 per sq.ft (2024)
• Kattur Road: Rs 330 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 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, resulting in a total of Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ganesh Nagar?

The Ganesh Nagar 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 Ariyanvoyal

The guideline value is a critical factor in the registration process when buying or selling property in Ariyanvoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately.

When you register a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ganesh Nagar?

The current guideline value of Ganesh Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 53 per sq.ft in 2002 to Rs 330 per sq.ft in 2024, reflecting a total increase of 523% over the years.

Is there a recorded guideline value for Ganesh Nagar in 2007?

No, the register has no figure for Ganesh Nagar in 2007, indicating a gap in the revisions for that year.

What is the stamp duty rate for properties in Ganesh Nagar?

The stamp duty rate for properties in Ganesh Nagar is 7% of the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office covering Ganesh Nagar is the Ponneri SRO, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.