Guideline Value for GANESHPURAM & STREETS

Ganeshpuram & Streets guideline value

The current guideline value of Ganeshpuram & Streets is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-B village, under the Avadi SRO, and is classified as Residential Class II Type - III.

How the guideline value of Ganeshpuram & Streets has changed

Over the years, the guideline value for Ganeshpuram & Streets has seen significant revisions. The earliest recorded revision in 2017 set the value at Rs 469 per sq.ft. This increased to Rs 700 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has further increased the value to Rs 770 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 1,760 per sq.ft, with the median value being Rs 770 per sq.ft. The guideline value for Ganeshpuram & Streets is equal to this median.

• Ganesh Nagar: Rs 870 per sq.ft (2024)
• Gayathiri Nagar: Rs 870 per sq.ft (2024)
• Gengalamman Koil St: Rs 440 per sq.ft (2024)
• Gengureddy Kuppam 1st Street: Rs 870 per sq.ft (2024)
• Gengureddy Kuppam 2nd Street: Rs 870 per sq.ft (2024)
• Gengureddy Kuppam 3rd Street: Rs 870 per sq.ft (2024)

Stamp duty and registration fee for property in Ganeshpuram & Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, making the total charges together Rs 69,300. It is important to note that 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 Ganeshpuram & Streets?

The Ganeshpuram & Streets area is covered by the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-B

The guideline value is a crucial factor during the registration of property transactions in Thiruninravur-B. It serves as a reference point for calculating stamp duty and registration fees, which are mandatory for all property sales.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation and ensuring appropriate tax collection. This value is determined by the Registration Department and is updated periodically.

Frequently asked questions

What is the current guideline value of Ganeshpuram & Streets?

The current guideline value of Ganeshpuram & Streets is Rs 770 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 469 per sq.ft to Rs 770 per sq.ft in 2024, which is an overall increase of 64%.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900 and the registration fee would be Rs 15,400, totaling Rs 69,300.

Which Sub Registrar Office should I visit for transactions in Ganeshpuram & Streets?

The Avadi Sub Registrar Office covers Ganeshpuram & Streets. It is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It helps ensure that properties are registered at a fair value, which is essential for tax purposes.