Guideline Value for GANESH NAGAR

Ganesh Nagar guideline value

The current guideline value of Ganesh Nagar is Rs 102 per sq.ft, effective from 1 July 2024. This area is located in Sirupinayoor, Thiruvanthavar, Perungazhi village, under the Salavakkam SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of Ganesh Nagar has changed

The guideline value for Ganesh Nagar has seen several revisions over the years. In 2012, the value was Rs 70 per sq.ft, which increased to Rs 47 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value rose significantly to Rs 100 per sq.ft, reflecting an increase of 113%. The latest revision in 2024 set the guideline value at Rs 102 per sq.ft, a 2% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 46%.

Guideline values in Sirupinayoor,Thiruvanthavar,Perungazhi

In Sirupinayoor, Thiruvanthavar, Perungazhi village, there are 36 streets under the Salavakkam SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,000 per sq.ft. The median value is Rs 150 per sq.ft, which means Ganesh Nagar's 2024 figure is below that median.

• Jai Anjaneya Nagar: Rs 102 per sq.ft (2024)
• JV promoter's in PTC nagar: Rs 250 per sq.ft (2024)
• Krishna Brindavan: Rs 100 per sq.ft (2024)
• Krishna Nagar: Rs 150 per sq.ft (2024)
• Krishna Nagar (A) Anna Nagar: Rs 150 per sq.ft (2024)
• Krishna Thulasi: 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 rate of Rs 102 per sq.ft, the guideline value amounts to Rs 1,02,000. The stamp duty at 7% would be Rs 7,140, and the registration fee at 2% would be Rs 2,040, bringing the total to Rs 9,180. 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 detailed calculations.

Which Sub Registrar Office covers Ganesh Nagar?

The Sub Registrar Office covering Ganesh Nagar is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Sirupinayoor,Thiruvanthavar,Perungazhi

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

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process reflects the current market conditions and values.

Frequently asked questions

What is the current guideline value of Ganesh Nagar?

The current guideline value of Ganesh Nagar is Rs 102 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 70 per sq.ft in 2012 to Rs 102 per sq.ft in 2024, showing an overall increase of 46% over this period.

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

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

Where is the Sub Registrar Office for Ganesh Nagar located?

The Sub Registrar Office for Ganesh Nagar is located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

What are the other streets with guideline values in the area?

Other streets in Sirupinayoor, Thiruvanthavar, Perungazhi include Jai Anjaneya Nagar, JV promoter's in PTC nagar, Krishna Brindavan, Krishna Nagar, Krishna Nagar (A) Anna Nagar, and Krishna Thulasi, with varying guideline values.