Guideline Value for GANGA NAGAR 4TH STREET

Ganga Nagar 4th Street guideline value

The current guideline value for Ganga Nagar 4th 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, and is classified as Residential Class II Type - III.

How the guideline value of Ganga Nagar 4th Street has changed

As per the guideline value register, there are no figures available for Ganga Nagar 4th Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only revision that has a figure is from 2024, which is Rs 6,000 per sq.ft.

Since there are no previous figures for this street, there have been no changes recorded between the revisions listed. The current rate reflects the latest update in the guideline value register.

Guideline values in Kodambakkam

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

• Ganga Nagar 3rd Street: Rs 6,000 per sq.ft (2024)
• Ganga Nagar 2nd 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 4th 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, and 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ganga Nagar 4th Street?

The Sub Registrar Office that covers Ganga Nagar 4th Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kodambakkam. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold. The guideline value serves as a baseline for these calculations, ensuring that the fees are aligned with the official valuation of the property.

When registering a property, buyers should be aware that the guideline value may differ from the actual sale price. The stamp duty and registration fees will be calculated based on the higher amount between the guideline value and the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ganga Nagar 4th Street?

The current guideline value of Ganga Nagar 4th Street is Rs 6,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There are no figures available for Ganga Nagar 4th Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only revision that has a figure is from 2024, which is Rs 6,000 per sq.ft.

What is the median guideline value in Kodambakkam?

The median guideline value for streets in Kodambakkam under the Ashok Nagar SRO is Rs 4,900 per sq.ft, with Ganga Nagar 4th Street's value being above this median.

What are the stamp duty rates in Ganga Nagar 4th Street?

The stamp duty rate for properties in Ganga Nagar 4th Street is 7% of the guideline value or sale price, whichever is higher. The registration fee is 2% of the same amount.

Where is the Sub Registrar Office for Ganga Nagar 4th Street located?

The Ashok Nagar Sub Registrar Office, which covers Ganga Nagar 4th Street, is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office).