Guideline Value for GANTHI NAGAR

Ganthi Nagar guideline value

The current guideline value of Ganthi Nagar, located in Arasankalani village under the Selaiyur SRO, is Rs 1,900 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - II land classification.

How the guideline value of Ganthi Nagar has changed

The guideline value for Ganthi Nagar has undergone several revisions over the years. In 2012, the value was set at Rs 1,800 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 1,206 per sq.ft, representing a decrease of 33%. The value then increased significantly to Rs 1,800 per sq.ft in 2023, marking a 49% increase. The most recent revision in 2024 has set the guideline value at Rs 1,900 per sq.ft, reflecting a 6% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street in the register. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Arasankalani

In Arasankalani, there are 85 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 4,750 per sq.ft, with a median value of Rs 2,100 per sq.ft. The guideline value for Ganthi Nagar is below this median.

• Gengai Amman Koil Street: Rs 1,650 per sq.ft (2024)
• Ganesh Nagar: Rs 3,300 per sq.ft (2024)
• Felixa Ragio: Rs 3,000 per sq.ft (2024)
• Elite City: Rs 2,350 per sq.ft (2024)
• Elite Acres: Rs 2,700 per sq.ft (2024)
• Durgaiamman Koil Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Ganthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total to Rs 1,71,000. It is important to note that 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 Ganthi Nagar?

The Sub Registrar Office covering Ganthi Nagar is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Arasankalani. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the guideline value serves as a benchmark for calculating the applicable taxes. Buyers and sellers should be aware that the final transaction value may influence the fees, as they are charged on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Ganthi Nagar?

The current guideline value of Ganthi Nagar is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What are the other streets with guideline values in Arasankalani?

Other streets in Arasankalani include Gengai Amman Koil Street at Rs 1,650 per sq.ft, Ganesh Nagar at Rs 3,300 per sq.ft, Felixa Ragio at Rs 3,000 per sq.ft, Elite City at Rs 2,350 per sq.ft, Elite Acres at Rs 2,700 per sq.ft, and Durgaiamman Koil Street at Rs 1,300 per sq.ft.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is the stamp duty calculated in Ganthi Nagar?

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