Guideline Value for GANGA NAGAR 3RD CROSS STREET

Ganga Nagar 3rd Cross Street guideline value

The current guideline value of Ganga Nagar 3rd 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 3rd Cross Street has changed

The guideline value for Ganga Nagar 3rd Cross Street has undergone several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 1,800 per sq.ft. This increased significantly to Rs 6,500 per sq.ft in 2012, followed by a decrease to Rs 4,355 per sq.ft in 2017. The value then rose sharply to Rs 6,500 per sq.ft in 2023, and finally reached Rs 7,100 per sq.ft in the 2024 revision.

From 2017 to 2023, the guideline value saw an increase of 49%. The transition from 2012 to 2017 marked a decrease of 33%, while the jump from 2007 to 2012 was a notable increase of 261%. Overall, from 2007 to 2024, the guideline value has increased by 294%. 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, making Ganga Nagar 3rd Cross Street's 2024 figure of Rs 7,100 per sq.ft above the median.

• Ganga Nagar 2nd Cross Street: Rs 7,100 per sq.ft (2024)
• Ganga Nagar 4th Cross Street: Rs 7,100 per sq.ft (2024)
• Ganga Nagar 1st 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 3rd 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, totaling Rs 6,39,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ganga Nagar 3rd Cross Street?

The Sub Registrar Office that covers Ganga Nagar 3rd Cross Street is 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 process when buying or selling property in Puliyur. It serves as a baseline for calculating stamp duty and registration fees, ensuring that these costs are proportionate to the property's value.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the transaction is recorded accurately and reflects the property's worth as per the established guidelines.

Frequently asked questions

What is the current guideline value of Ganga Nagar 3rd Cross Street?

The current guideline value of Ganga Nagar 3rd 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, with several revisions in between. The most significant increase occurred from 2007 to 2012, where it rose by 261%.

What is the land classification for Ganga Nagar 3rd Cross Street?

Ganga Nagar 3rd Cross Street is classified as Residential Special Type - II, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Ganga Nagar 3rd Cross Street?

The Kodambakkam Sub Registrar Office covers Ganga Nagar 3rd Cross Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for properties in Puliyur?

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