Guideline Value for GANGA NAGAR 3RD STREET

Ganga Nagar 3rd Street guideline value

The current guideline value of Ganga Nagar 3rd Street is Rs 6,000 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village, under the Ashok Nagar SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Ganga Nagar 3rd Street has changed

According to the guideline value register, there are no figures for Ganga Nagar 3rd Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision in 2024 has set the guideline value at Rs 6,000 per sq.ft.

As there have been no changes between the revisions mentioned above, the 2024 figure stands alone as the current guideline value for Ganga Nagar 3rd Street.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, placing Ganga Nagar 3rd Street's 2024 figure above this median.

• Ganga Nagar 2nd Street: Rs 6,000 per sq.ft (2024)
• Ganga Nagar 4th Street: Rs 6,000 per sq.ft (2024)
• Ganga Nagar 1st Street: Rs 6,000 per sq.ft (2024)
• Ganga Nagar: Rs 6,000 per sq.ft (2024)
• Gangai Kondan Salai: Rs 3,300 per sq.ft (2024)
• Gangaiamman Koil Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Ganga Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,000 per sq.ft, the total guideline value would be Rs 60,00,000. The stamp duty at 7% would amount to Rs 4,20,000, while the registration fee at 2% would be Rs 1,20,000. Together, the total cost for these fees would be Rs 5,40,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ganga Nagar 3rd Street?

The Ganga Nagar 3rd Street falls under the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. For more information, you can find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable fees. This ensures that the government collects the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Ganga Nagar 3rd Street is Rs 6,000 per sq.ft, effective from 1 July 2024.

What are the previous guideline values for Ganga Nagar 3rd Street?

The register has no figures for Ganga Nagar 3rd Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision.

How does the guideline value compare to other streets in Kodambakkam?

Ganga Nagar 3rd Street's guideline value of Rs 6,000 per sq.ft is above the median of Rs 4,900 per sq.ft for the 1,031 streets in Kodambakkam under the Ashok Nagar SRO.

What fees are associated with buying property in Ganga Nagar 3rd Street?

For a property valued at Rs 60,00,000, the stamp duty would be Rs 4,20,000 and the registration fee would be Rs 1,20,000, totaling Rs 5,40,000.

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

The Ashok Nagar Sub Registrar Office covers Ganga Nagar 3rd Street and is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.