Guideline Value for Ganapathi Nagar Extension

Ganapathi Nagar Extension guideline value

The current guideline value of Ganapathi Nagar Extension is Rs 807 per sq.ft. This area is located in Kovilpathagai village and falls under the Ambattur SRO. The land classification for this street is Residential Class III Type - II.

How the guideline value of Ganapathi Nagar Extension has changed

The guideline value for Ganapathi Nagar Extension has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which increased to Rs 335 per sq.ft in 2017. From 2017, the value rose significantly to Rs 807 per sq.ft in 2023, maintaining the same rate in the 2024 revision, effective from 1 July 2024. The register has no figures for the years 2002, 2003, and 2007.

Between the revisions, the guideline value experienced a notable increase of 141% from 2017 to 2023. However, there was a decrease of 33% from the 2012 revision to the 2017 revision. Overall, from 2012 to 2024, the guideline value has increased by 61%.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO, with guideline values ranging from Rs 803 to Rs 2,900 per sq.ft. The median value for these streets is Rs 870 per sq.ft, making the guideline value of Ganapathi Nagar Extension below this median.

• Ganapathi Nagar: Rs 803 per sq.ft (2024)
• Ganapathi Avanue & Extn: Rs 870 per sq.ft (2024)
• Gananpathy Nagar (S.No.28/2): Rs 880 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 Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 807 per sq.ft, the total guideline value would be Rs 8,07,000. The stamp duty at 7% would amount to Rs 56,490, and the registration fee at 2% would be Rs 16,140, bringing the total to Rs 72,630. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ganapathi Nagar Extension?

The Ganapathi Nagar Extension is covered by 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 more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kovilpathagai. It serves as a reference for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Ganapathi Nagar Extension?

The current guideline value of Ganapathi Nagar Extension is Rs 807 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2012, the guideline value has increased from Rs 500 per sq.ft to Rs 807 per sq.ft in 2024, representing an overall increase of 61%.

What are the stamp duty and registration fees for a property in Ganapathi Nagar Extension?

For a 1,000 sq.ft plot, the total guideline value is Rs 8,07,000. The stamp duty would be Rs 56,490, and the registration fee would be Rs 16,140, totaling Rs 72,630.

Which office handles registrations for Ganapathi Nagar Extension?

The Ambattur Sub Registrar Office handles registrations for Ganapathi Nagar Extension, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

What is the land classification for Ganapathi Nagar Extension?

Ganapathi Nagar Extension is classified as Residential Class III Type - II.