Guideline Value for GANESH NAGAR

Ganesh Nagar guideline value

The current guideline value of Ganesh Nagar, located in Siruvanoor village under the Tiruvallur Joint 1 SRO, is Rs 250 per sq.ft, effective from 1 July 2024. This area is classified under Residential Class II Type - III.

How the guideline value of Ganesh Nagar has changed

Over the years, the guideline value of Ganesh Nagar has seen several revisions. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 250 per sq.ft. The 2017 revision recorded a lower value of Rs 167 per sq.ft, marking a decrease of 33% from the 2012 figure. From 2017 to 2023, there was a significant increase of 50%, bringing it back to Rs 250 per sq.ft. The current 2024 revision maintains this figure, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Thus, the only revisions recorded are from 2012, 2017, 2023, and now the 2024 revision.

Guideline values in Siruvanoor

In Siruvanoor, a total of 18 streets fall under the Tiruvallur Joint 1 SRO, each carrying a 2024 guideline value ranging from Rs 100 to Rs 900 per sq.ft. The median guideline value for the area is Rs 250 per sq.ft, which is equal to the current figure for Ganesh Nagar.

• Ganesh Nagar-(78/1b1part): Rs 250 per sq.ft (2024)
• J.J. Nagar & Annex: Rs 100 per sq.ft (2024)
• L.V.S. Nagar: Rs 100 per sq.ft (2024)
• Abirami Garden: Rs 400 per sq.ft (2024)
• Ponsakthi Nagar: Rs 200 per sq.ft (2024)
• Senthil Nagar: Rs 100 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 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ganesh Nagar?

The Ganesh Nagar area is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Siruvanoor. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately and legally.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. This value helps in establishing a fair basis for the financial aspects of property transactions.

Frequently asked questions

What is the current guideline value of Ganesh Nagar?

The current guideline value of Ganesh Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft from 2012 to 2024, with a decrease to Rs 167 per sq.ft in 2017 and an increase of 50% to Rs 250 per sq.ft in 2023.

What is the land classification of Ganesh Nagar?

Ganesh Nagar is classified under Residential Class II Type - III.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 2,50,000, with stamp duty at Rs 17,500 and registration fee at Rs 5,000, totaling Rs 22,500.

Which office handles registrations for Ganesh Nagar?

The Tiruvallur Joint 1 Sub Registrar Office handles registrations for Ganesh Nagar, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.