Guideline Value for GANESH NAGAR

Ganesh Nagar guideline value

The current guideline value of Ganesh Nagar, located in Matthur village under the Thiruvottiyur SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This area falls under the Residential Special Type - III land classification.

How the guideline value of Ganesh Nagar has changed

The guideline value for Ganesh Nagar has undergone several revisions over the years. In 2002, the value was Rs 55 per sq.ft, which increased to Rs 66 per sq.ft in 2003, marking a 20% rise. The value further rose to Rs 100 per sq.ft in 2007, reflecting a significant increase of 52%. By 2012, the guideline value reached Rs 1,000 per sq.ft, showing a remarkable 900% increase from the previous revision. However, it then decreased to Rs 670 per sq.ft in 2017, a drop of 33%. The value was Rs 1,000 per sq.ft again in 2023, before rising to the current Rs 1,100 per sq.ft in 2024, which is a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1,900%. There are no figures available for the revisions in years other than those listed above.

Guideline values in Matthur

In Matthur village, there are 66 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,300 per sq.ft. The median value is Rs 1,100 per sq.ft, which is equal to the guideline value of Ganesh Nagar.

• Gandhi Nagar: Rs 1,100 per sq.ft (2024)
• George Road: Rs 1,100 per sq.ft (2024)
• Gomathi Garden: Rs 1,600 per sq.ft (2024)
• Eswari Nagar: Rs 1,100 per sq.ft (2024)
• Grama Street: Rs 1,100 per sq.ft (2024)
• D.M.Nagar: Rs 2,276 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 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, leading to a total of Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ganesh Nagar?

Ganesh Nagar is covered by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Matthur, as it determines the amount of stamp duty and registration fees payable during the registration process. Buyers and sellers must consider this value when finalizing the sale price of a property.

When registering a property, the guideline value is used to calculate the applicable duties and fees. This ensures that the transaction is recorded accurately and that the appropriate taxes are paid to the government.

Frequently asked questions

What is the current guideline value of Ganesh Nagar?

The current guideline value of Ganesh Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 55 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 1,900% over the years.

What is the registration office for Ganesh Nagar?

Ganesh Nagar falls under the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

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

For a 1,000 sq.ft plot at the guideline value of Rs 1,100 per sq.ft, the total guideline value is Rs 11,00,000. The stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Are there other streets with the same guideline value in Matthur?

Yes, there are several other streets in Matthur with the same guideline value of Rs 1,100 per sq.ft, including Gandhi Nagar, George Road, Eswari Nagar, and Grama Street.