Guideline Value for Ganapathi 3rd Street

Ganapathi 3rd Street guideline value

The current guideline value of Ganapathi 3rd Street is Rs 1,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village, under the Ambattur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Ganapathi 3rd Street has changed

The guideline value for Ganapathi 3rd Street has seen several revisions over the years. The 2007 revision set the value at Rs 400 per sq.ft, which increased significantly to Rs 1,300 per sq.ft in 2012. However, the value then decreased to Rs 871 per sq.ft in 2017. The 2023 revision raised it to Rs 1,300 per sq.ft, and the most recent 2024 revision has set it at Rs 1,400 per sq.ft.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2023 to 2024 represents an 8% increase. Notably, the overall change from 2007 to 2024 reflects a substantial increase of 250%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Oragadam

In Oragadam, there are a total of 596 streets under the Ambattur SRO, with guideline values ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, making Ganapathi 3rd Street's 2024 figure below that median.

• Ganapathi 2nd Street: Rs 1,400 per sq.ft (2024)
• Ganapathi 4th Street: Rs 1,400 per sq.ft (2024)
• Ganapathi Anthony Street: Rs 1,400 per sq.ft (2024)
• Ganapathi 1st Street: Rs 1,400 per sq.ft (2024)
• Ganapathi Nagar: Rs 1,400 per sq.ft (2024)
• Ganapathi Nagar Mugunthan Street: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Ganapathi 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value would be Rs 14,00,000. The stamp duty, charged at 7%, would amount to Rs 98,000, and the registration fee, charged at 2%, would be Rs 28,000. Together, the total cost for these fees would be Rs 1,26,000. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ganapathi 3rd Street?

The Ganapathi 3rd Street 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 Oragadam

The guideline value is a crucial factor in the registration process for property transactions in Oragadam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

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 associated fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ganapathi 3rd Street?

The current guideline value of Ganapathi 3rd Street is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,400 per sq.ft in 2024, reflecting an overall increase of 250% over the years.

What is the median guideline value in Oragadam?

The median guideline value for streets in Oragadam is Rs 2,200 per sq.ft, with Ganapathi 3rd Street's current value being below this median.

What are the stamp duty rates for properties in Ganapathi 3rd Street?

The stamp duty for properties in Ganapathi 3rd Street is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ganapathi 3rd Street?

The Ambattur Sub Registrar Office covers Ganapathi 3rd Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.