Guideline Value for GANGADARAN STREET

Gangadaran Street guideline value

The current guideline value of Gangadaran Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Gangadaran Street has changed

The guideline value of Gangadaran Street has seen several revisions over the years. In 2002, the value was Rs 353 per sq.ft, which increased to Rs 387 per sq.ft in 2003, marking a 10% rise. Following this, the value rose by 29% to Rs 500 per sq.ft in 2007. The next revision in 2012 brought the value to Rs 2,000 per sq.ft, a significant increase of 300%. However, in 2017, the value decreased by 33% to Rs 1,340 per sq.ft. The value then increased by 49% to Rs 2,000 per sq.ft in 2023, and finally, it rose by 10% to the current rate of Rs 2,200 per sq.ft in 2024.

There are no figures available for the revisions in years other than those listed. Overall, from 2002 to 2024, the guideline value has increased by 523%.

Guideline values in Perambur

In Perambur village, there are 1,114 streets under the Purasaivakkam SRO, with guideline values for 2024 ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value is Rs 2,700 per sq.ft, placing Gangadaran Street's 2024 figure below this median.

• Ganesapuram Main Road: Rs 2,200 per sq.ft (2024)
• Ganesapuram 3rd Street: Rs 2,200 per sq.ft (2024)
• Ganesapuram 2nd Street: Rs 2,200 per sq.ft (2024)
• Ganesapuram 1st Street: Rs 2,200 per sq.ft (2024)
• Ganesapuram: Rs 2,200 per sq.ft (2024)
• Gantz Road(A) Ambedkar Road (B&c Mill To Karimeadu): Rs 5,400 per sq.ft (2024)

Stamp duty and registration fee for property in Gangadaran Street

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is 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 precise calculations.

Which Sub Registrar Office covers Gangadaran Street?

The Sub Registrar Office that covers Gangadaran Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory expenses for any property transaction. Buyers should be aware of the guideline value to prepare for these costs effectively.

Frequently asked questions

What is the current guideline value of Gangadaran Street?

The current guideline value of Gangadaran Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 353 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, representing an overall increase of 523%.

What is the land classification for Gangadaran Street?

Gangadaran Street is classified as Residential Class IV Type - I.

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

Several other streets in Perambur have the same guideline value of Rs 2,200 per sq.ft for 2024, including Ganesapuram Main Road, Ganesapuram 3rd Street, Ganesapuram 2nd Street, Ganesapuram 1st Street, and Ganesapuram.

Where can I find the Sub Registrar Office for Gangadaran Street?

The Purasaivakkam Sub Registrar Office covers Gangadaran Street and is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.