Guideline Value for GANESH NAGAR

Ganesh Nagar guideline value

The current guideline value of Ganesh Nagar, located in 96 Sirunkundram village under the Thiruporur SRO, is Rs 200 per sq.ft as per the 2024 revision, effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Ganesh Nagar has changed

Over the years, the guideline value for Ganesh Nagar has seen several revisions. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 200 per sq.ft. The 2017 revision marked a significant increase to Rs 134 per sq.ft, reflecting a 49% rise from the previous revision. However, the register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2024, the overall change in the guideline value is 0%, as it returned to Rs 200 per sq.ft in both 2012 and 2024. The 2023 to 2024 revision shows no change, maintaining the rate at Rs 200 per sq.ft.

Guideline values in 96 Sirunkundram

In 96 Sirunkundram, there are four streets under the Thiruporur SRO that have a 2024 guideline value, ranging from Rs 150 to Rs 200 per sq.ft. The median value among these streets is Rs 200 per sq.ft, which is the same as the guideline value for Ganesh Nagar.

• Sreeram Nagar: Rs 200 per sq.ft (2024)
• Sri Ganapathi Nagar: Rs 200 per sq.ft (2024)
• Veerapathiran Nagar: Rs 150 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 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty, charged at 7%, would be Rs 14,000, while the registration fee at 2% would be Rs 4,000. Together, these fees total Rs 18,000. 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 is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 96 Sirunkundram

The guideline value plays a crucial role in the registration process when buying or selling property in 96 Sirunkundram. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. This value is essential for ensuring that the property is registered at a fair price according to the local regulations.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Ganesh Nagar?

The current guideline value of Ganesh Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since 2012, with a previous increase to Rs 134 per sq.ft in 2017. The values for 2023 and 2024 are both Rs 200 per sq.ft, indicating no change in recent years.

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

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registration for Ganesh Nagar?

The Thiruporur Sub Registrar Office handles property registrations for Ganesh Nagar. It is located at No.29, South Mada Street, Thiruporur-603110.

What is the land classification for Ganesh Nagar?

Ganesh Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development and transactions.