Guideline Value for Ganapathi Avanue & Extn

Ganapathi Avanue & Extn guideline value

The current guideline value of Ganapathi Avanue & Extn is Rs 870 per sq.ft, effective from 1 July 2024. This street is located in Kovilpathagai village, under the Ambattur SRO, classified as Residential Class III Type - III.

How the guideline value of Ganapathi Avanue & Extn has changed

The guideline value for Ganapathi Avanue & Extn has undergone several revisions over the years. The earliest available figure is from 2012, when it was Rs 800 per sq.ft. This value remained unchanged until the next revision in 2017, which saw a decrease to Rs 536 per sq.ft. However, the value increased significantly in 2023 to Rs 800 per sq.ft, followed by the latest revision in 2024, which set the value at Rs 870 per sq.ft.

Between these revisions, the changes are noteworthy. From 2012 to 2017, the guideline value decreased by 33%. It then increased by 49% from 2017 to 2023. The value rose by 9% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 803 to Rs 2,900 per sq.ft. The median value for these streets is Rs 870 per sq.ft, which is the same as the current guideline value for Ganapathi Avanue & Extn.

• Ganapathi Nagar: Rs 803 per sq.ft (2024)
• Gananpathy Nagar (S.No.28/2): Rs 880 per sq.ft (2024)
• Ganapathi Nagar Extension: Rs 807 per sq.ft (2024)
• Friends Nagar: Rs 1,200 per sq.ft (2024)
• Friends Colony: Rs 806 per sq.ft (2024)
• Frances Colony: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Ganapathi Avanue & Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 870 per sq.ft, the total guideline value amounts to Rs 8,70,000. The stamp duty at 7% would be Rs 60,900, and the registration fee at 2% would be Rs 17,400, totaling Rs 78,300. It is important to note that the 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 Ganapathi Avanue & Extn?

The Sub Registrar Office that covers Ganapathi Avanue & Extn is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Kovilpathagai, the guideline value will influence the stamp duty and registration fees that need to be paid during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements and to avoid any discrepancies during the registration of property. This value is regularly updated, reflecting changes in the real estate market.

Frequently asked questions

What is the current guideline value for Ganapathi Avanue & Extn?

The current guideline value for Ganapathi Avanue & Extn is Rs 870 per sq.ft, 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 870 per sq.ft in 2024, with notable increases and decreases in between, including a decrease to Rs 536 per sq.ft in 2017.

What is the land classification for Ganapathi Avanue & Extn?

Ganapathi Avanue & Extn is classified as Residential Class III Type - III.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions is charged at 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2%.

Where can I find the Sub Registrar Office for Ganapathi Avanue & Extn?

The Sub Registrar Office for Ganapathi Avanue & Extn is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.