Guideline Value for GURU GANESH NAGAR

Guru Ganesh Nagar guideline value

The current guideline value for Guru Ganesh Nagar, located in Kayirambedu village under the Chengleput Joint II SRO, is Rs 800 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Mixed Special Type - I.

How the guideline value of Guru Ganesh Nagar has changed

The guideline value for Guru Ganesh Nagar has seen several revisions over the years. In 2012, the value was set at Rs 800 per sq.ft, which remained unchanged until the next revision in 2017, where it dropped to Rs 536 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49% to Rs 800 per sq.ft. As of the 2024 revision, the value remains at Rs 800 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for this street in the revisions of 2002, 2003, and 2007. Therefore, the only relevant revisions for Guru Ganesh Nagar are from 2012, 2017, 2023, and 2024.

Guideline values in Kayirambedu

In Kayirambedu, there are 120 streets under the Chengleput Joint II SRO with the 2024 guideline values ranging from Rs 400 to Rs 3,550 per sq.ft. The median value for these streets is Rs 700 per sq.ft, placing the guideline value of Guru Ganesh Nagar above this median.

• Guru Avenue: Rs 700 per sq.ft (2024)
• Green Park Avenue: Rs 700 per sq.ft (2024)
• Gowtham Nagar: Rs 700 per sq.ft (2024)
• Iayyappa Gardan: Rs 700 per sq.ft (2024)
• Good Will Nagar: Rs 800 per sq.ft (2024)
• Inba Avenue: Rs 2,389 per sq.ft (2024)

Stamp duty and registration fee for property in Guru Ganesh Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total fees to Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Guru Ganesh Nagar?

The Guru Ganesh Nagar area is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial component during the registration of property transactions in Kayirambedu. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable duties and fees, which are based on the higher of the guideline value or the actual sale price of the property. This ensures transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value for Guru Ganesh Nagar?

The current guideline value for Guru Ganesh Nagar is Rs 800 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then back to Rs 800 per sq.ft in 2023 and 2024. There are no figures for the years 2002, 2003, and 2007.

What is the land classification for Guru Ganesh Nagar?

The land classification for Guru Ganesh Nagar is Mixed Special Type - I, which indicates the type of development and usage allowed in the area.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000, totaling Rs 72,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Guru Ganesh Nagar?

The Chengleput Joint II Sub Registrar Office handles property registrations for Guru Ganesh Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.