Guideline Value for GANGA NAGAR 4TH CROSS STREET

Ganga Nagar 4th Cross Street guideline value

The current guideline value of Ganga Nagar 4th 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 4th Cross Street has changed

The guideline value for Ganga Nagar 4th Cross Street has undergone several revisions over the years. The 2007 revision set the value at Rs 1,800 per sq.ft, which increased significantly to Rs 6,500 per sq.ft in the 2012 revision. However, this figure dropped to Rs 4,355 per sq.ft in 2017. The 2023 revision raised the value to Rs 6,500 per sq.ft, and the most recent 2024 revision established the current guideline value at Rs 7,100 per sq.ft. Notably, the register has no figure for this street in 2002 and 2003.

In terms of percentage changes, the guideline value increased by 261% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then rose by 49% from 2017 to 2023. The increase from 2023 to 2024 is 9%. Overall, from 2007 to 2024, the guideline value has increased by 294%.

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 4th Cross Street's 2024 figure above that median.

• Ganga Nagar 3rd Cross Street: Rs 7,100 per sq.ft (2024)
• Ganga Nagar 5th Cross Street: Rs 7,100 per sq.ft (2024)
• Ganga Nagar 2nd Cross Street: Rs 7,100 per sq.ft (2024)
• Ganga Nagar 1st 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 4th 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, charged at 7%, would be Rs 4,97,000, while the registration fee at 2% would be Rs 1,42,000. Therefore, the combined total for stamp duty and registration fee would be Rs 6,39,000. It is important to note that 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 4th Cross Street?

The Sub Registrar Office that covers Ganga Nagar 4th 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 more information.

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

The guideline value is a critical factor when registering property transactions in Puliyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are conducted transparently and fairly.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers must pay these fees based on the higher of the guideline value or the sale price, which helps in maintaining the integrity of property transactions in the region.

Frequently asked questions

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

The current guideline value of Ganga Nagar 4th 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 significantly, starting from Rs 1,800 per sq.ft in 2007 to Rs 7,100 per sq.ft in 2024, an overall increase of 294%.

What are the other streets with the same guideline value in Puliyur?

Other streets in Puliyur with the same guideline value of Rs 7,100 per sq.ft include Ganga Nagar 1st, 2nd, 3rd, and 5th Cross Streets, as well as Gangai Amman Koil Street- Vadapalani.

What are the stamp duty and registration fees for property in Ganga Nagar 4th Cross Street?

For a property valued at 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 property registrations for Ganga Nagar 4th Cross Street?

The Kodambakkam Sub Registrar Office handles property registrations for Ganga Nagar 4th Cross Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.