Guideline Value for GANGA NAGAR 1ST CROSS STREET

Ganga Nagar 1st Cross Street guideline value

The current guideline value of Ganga Nagar 1st Cross Street is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, and is classified as Residential Special Type - II.

How the guideline value of Ganga Nagar 1st Cross Street has changed

The guideline value for Ganga Nagar 1st Cross Street has undergone several revisions over the years. In 2007, the value was set at Rs 1,800 per sq.ft. This increased significantly to Rs 6,500 per sq.ft in 2012, marking a rise of 261%. However, the value decreased to Rs 4,355 per sq.ft in 2017, which represented a decline of 33%. The following revision in 2023 saw the value increase to Rs 6,500 per sq.ft, and finally, the current revision in 2024 has set it at Rs 7,100 per sq.ft, reflecting a 9% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for Ganga Nagar 1st Cross Street. Overall, from 2007 to 2024, the guideline value has increased by 294%.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO carrying a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft, with a median value of Rs 5,800 per sq.ft. Ganga Nagar 1st Cross Street's 2024 guideline value is above this median.

• Ganga Nagar 2nd Cross Street: Rs 7,100 per sq.ft (2024)
• Ganga Nagar 3rd Cross Street: Rs 7,100 per sq.ft (2024)
• Ganga Nagar 4th Cross Street: Rs 7,100 per sq.ft (2024)
• Ganga Nagar 5th Cross Street: Rs 7,100 per sq.ft (2024)
• Ganga Nagar Main Road: Rs 8,200 per sq.ft (2024)
• Gangai Amman Koil Street- Vadapalani: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Ganga Nagar 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value would be Rs 71,00,000. The stamp duty at 7% would amount to Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total cost for these fees to Rs 6,39,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ganga Nagar 1st Cross Street?

The Ganga Nagar 1st Cross Street falls under the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Puliyur. It is used to determine the stamp duty and registration fees when a property is bought or sold. The fees are calculated based on the higher of the guideline value or the actual sale price of the property.

When registering a property, it is essential to be aware of the guideline value, as it ensures that the transaction is documented correctly and that the appropriate fees are paid. This helps in maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of Ganga Nagar 1st Cross Street?

The current guideline value of Ganga Nagar 1st Cross Street is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2007 to Rs 7,100 per sq.ft in 2024, reflecting an overall increase of 294% over the years.

What is the land classification of Ganga Nagar 1st Cross Street?

Ganga Nagar 1st Cross Street is classified as Residential Special Type - II.

Where can I find the Kodambakkam Sub Registrar Office?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 71,00,000, the stamp duty would be Rs 4,97,000 at 7%.