Guideline Value for Ganapathi Nagar

Ganapathi Nagar guideline value

The current guideline value of Ganapathi Nagar is Rs 803 per sq.ft, effective from 1 July 2024. This street is located in Kovilpathagai village under the Ambattur SRO, classified as Residential Class IV Type - I.

How the guideline value of Ganapathi Nagar has changed

The guideline value for Ganapathi Nagar has seen significant changes over the years. In the 2012 revision, the guideline value was set at Rs 200 per sq.ft. This figure remained unchanged until the 2023 revision, where it increased to Rs 803 per sq.ft, marking a total increase of 302% from 2012 to 2023. The 2024 revision maintained the same value of Rs 803 per sq.ft, reflecting a 0% change from the previous year.

There are no figures available in the register for the years 2002, 2003, 2007, and 2017 for this street. Overall, from 2012 to 2024, the guideline value has increased by 302%.

Guideline values in Kovilpathagai

In Kovilpathagai, there are 278 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 803 to Rs 2,900 per sq.ft, with a median value of Rs 870 per sq.ft. The guideline value for Ganapathi Nagar is below this median.

• Ganapathi Nagar Extension: Rs 807 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

For a 1,000 sq.ft plot at the current guideline value of Rs 803 per sq.ft, the total guideline value amounts to Rs 8,03,000. The stamp duty at 7% would be Rs 56,210, while the registration fee at 2% would be Rs 16,060. Together, the total cost for stamp duty and registration fees would be Rs 72,270. 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 Ganapathi Nagar?

The Sub Registrar Office that covers Ganapathi Nagar 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 more information.

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

The guideline value is a crucial factor when buying or selling property in Kovilpathagai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the property transaction process.

When a property is registered, the guideline value is considered alongside the sale price. The stamp duty is charged on the higher of the two values, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ganapathi Nagar?

The current guideline value of Ganapathi Nagar is Rs 803 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2012 revision, the guideline value has increased by 302%, from Rs 200 per sq.ft to Rs 803 per sq.ft in 2024. There were no figures available for the years 2002, 2003, 2007, and 2017.

What is the land classification of Ganapathi Nagar?

Ganapathi Nagar is classified as Residential Class IV Type - I, indicating its designation for residential purposes within the area.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, a property valued at Rs 8,03,000 would incur a total of Rs 72,270 in fees.

Where is the Sub Registrar Office for Ganapathi Nagar located?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone, and it oversees the registration of properties in Ganapathi Nagar.