Guideline Value for Ganapathi 4th Street

Ganapathi 4th Street guideline value

The current guideline value of Ganapathi 4th 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 it falls under the Residential Class III Type - I land classification.

How the guideline value of Ganapathi 4th Street has changed

The guideline value for Ganapathi 4th Street has seen several revisions over the years. The 2007 revision recorded a value of Rs 400 per sq.ft, which increased significantly to Rs 1,300 per sq.ft in 2012, marking a substantial rise of 225%. However, the value dropped to Rs 871 per sq.ft in the 2017 revision, a decrease of 33%. The value then rose again to Rs 1,300 per sq.ft in 2023, before reaching the current figure of Rs 1,400 per sq.ft in 2024, an increase of 8%.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 250%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Ganapathi 4th Street is below this median.

• Ganapathi Anthony Street: Rs 1,400 per sq.ft (2024)
• Ganapathi 3rd Street: Rs 1,400 per sq.ft (2024)
• Ganapathi 2nd 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 4th 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 at 7% would amount to Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total fees to Rs 1,26,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ganapathi 4th Street?

The Ganapathi 4th Street is covered by the Ambattur Sub Registrar Office. The address is Ambattur Sub Registrar Office, Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Oragadam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark for both parties. It is essential for buyers to be aware of the guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Ganapathi 4th Street?

The current guideline value of Ganapathi 4th 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, marking a total increase of 250% over the years.

What are the stamp duty and registration fees for properties in Ganapathi 4th Street?

For a property valued at Rs 14,00,000, the stamp duty would be Rs 98,000 and the registration fee would be Rs 28,000, totaling Rs 1,26,000.

Which Sub Registrar Office is responsible for Ganapathi 4th Street?

The Ambattur Sub Registrar Office covers Ganapathi 4th Street, located at Ambattur Sub Registrar Office, Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification of Ganapathi 4th Street?

Ganapathi 4th Street falls under the Residential Class III Type - I land classification.