Guideline Value for GANGA NAGAR 2ND CROSS STREET

Ganga Nagar 2nd Cross Street guideline value

The current guideline value of Ganga Nagar 2nd Cross Street is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village and falls under the Kodambakkam SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Ganga Nagar 2nd Cross Street has changed

Over the years, the guideline value for Ganga Nagar 2nd Cross Street has seen significant changes. The 2007 revision set the value at Rs 2,100 per sq.ft, which increased to Rs 6,500 per sq.ft in 2012. However, this figure dropped by 33% to Rs 4,355 per sq.ft in 2017. The value then rose sharply to Rs 6,500 per sq.ft in 2023, and most recently, it has increased by 9% to Rs 7,100 per sq.ft in the 2024 revision.

From 2007 to 2024, the overall increase in the guideline value is 238%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value in this area is Rs 5,800 per sq.ft, placing Ganga Nagar 2nd Cross Street above this median.

• Ganga Nagar 1st 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 2nd 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 amounts to Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, totaling Rs 6,39,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ganga Nagar 2nd Cross Street?

The Ganga Nagar 2nd 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 further assistance.

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

The guideline value is a crucial factor in the registration of property transactions in Puliyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. It is essential to consider this value during negotiations and to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Ganga Nagar 2nd Cross Street?

The current guideline value of Ganga Nagar 2nd 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 2,100 per sq.ft in 2007 to Rs 7,100 per sq.ft in 2024, showing an overall increase of 238% over the years.

What is the land classification for Ganga Nagar 2nd Cross Street?

The land classification for Ganga Nagar 2nd Cross Street is Residential Special Type - II.

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

For a property valued at the current guideline value of Rs 71,00,000, the stamp duty would be Rs 4,97,000, and the registration fee would be Rs 1,42,000, totaling Rs 6,39,000.

Which office handles the registration for Ganga Nagar 2nd Cross Street?

The Kodambakkam Sub Registrar Office handles the registration for Ganga Nagar 2nd Cross Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.