Guideline Value for GANGA NAGAR ANNEX

Ganga Nagar Annex guideline value

The current guideline value of Ganga Nagar Annex is Rs 555 per sq.ft. This area is located in Vellanoor-1 village, under the Avadi SRO, and is classified as Residential Class I Type - I.

How the guideline value of Ganga Nagar Annex has changed

In the 2023 revision, the guideline value for Ganga Nagar Annex was Rs 500 per sq.ft. With the 2024 revision, this value increased to Rs 555 per sq.ft, marking an increase of 11% from the previous year. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

The current guideline value of Rs 555 per sq.ft is equal to the median guideline value for the 34 streets in Vellanoor-1, which ranges from Rs 440 to Rs 1,980 per sq.ft.

Guideline values in Vellanoor-1

In Vellanoor-1, the guideline values vary across different streets. The current guideline value of Ganga Nagar Annex is aligned with the median value of Rs 555 per sq.ft. Below are the guideline values for other streets in Vellanoor-1:

• Ganesh Nagar: Rs 555 per sq.ft (2024)
• Ganapathy Nagar: Rs 550 per sq.ft (2024)
• Gajalakshmi Nagar: Rs 555 per sq.ft (2024)
• Jayalakshmi Nagar: Rs 555 per sq.ft (2024)
• Chelliyamman Nagar Phase - I: Rs 440 per sq.ft (2024)
• Chelliamman Nagar: Rs 555 per sq.ft (2024)

Stamp duty and registration fee for property in Ganga Nagar Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 555 per sq.ft, the total guideline value amounts to Rs 5,55,000. The stamp duty at 7% would be Rs 38,850, and the registration fee at 2% would be Rs 11,100, making the total fees together Rs 49,950. It's important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ganga Nagar Annex?

The Ganga Nagar Annex falls under the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Vellanoor-1

The guideline value is a crucial factor during property registration in Vellanoor-1. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. This value is particularly important for legal documentation and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ganga Nagar Annex?

The current guideline value of Ganga Nagar Annex is Rs 555 per sq.ft, effective from July 1, 2024.

How much has the guideline value changed from 2023 to 2024?

From the 2023 revision to the 2024 revision, the guideline value increased from Rs 500 per sq.ft to Rs 555 per sq.ft, reflecting an increase of 11%.

What is the land classification for Ganga Nagar Annex?

Ganga Nagar Annex is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the registration office for Ganga Nagar Annex?

The registration office covering Ganga Nagar Annex is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Ganga Nagar Annex?

Stamp duty for properties in Ganga Nagar Annex is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.