Guideline Value for Ganapathi Anthony Street

Ganapathi Anthony Street guideline value

The current guideline value of Ganapathi Anthony Street is Rs 1,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village and falls under the Ambattur SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Ganapathi Anthony Street has changed

The guideline value for Ganapathi Anthony Street has undergone several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft, which increased significantly to Rs 1,300 per sq.ft in 2012. However, it decreased to Rs 871 per sq.ft in 2017. The value then rose to Rs 1,300 per sq.ft in 2023, before reaching the current value of Rs 1,400 per sq.ft in 2024, reflecting an 8% increase from the previous year.

Between the revisions, the most notable change was from 2007 to 2012, where the value increased by 225%. From 2017 to 2023, there was a substantial increase of 49%. Overall, the guideline value has increased by 250% from 2007 to 2024. The register has no figures for the years 2002 and 2003 for this street.

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 Anthony Street is below this median.

• Ganapathi 4th 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 Nagar: Rs 1,400 per sq.ft (2024)
• Ganapathi 1st Street: 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 Anthony 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 be Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total cost for stamp duty and registration fees to Rs 1,26,000. It is important to note that the 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 Anthony Street?

The Ganapathi Anthony 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 critical factor when registering property transactions in Oragadam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller approaches the registration office, the guideline value will be used to calculate these fees, ensuring that the transaction is compliant with local regulations. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ganapathi Anthony Street?

The current guideline value of Ganapathi Anthony 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 significantly, from Rs 400 per sq.ft in 2007 to Rs 1,400 per sq.ft in 2024, marking an overall increase of 250% over this period.

What is the land classification for Ganapathi Anthony Street?

Ganapathi Anthony Street is classified as Residential Class III Type - I.

Where can I find the Ambattur Sub Registrar Office?

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

How is stamp duty calculated for properties in Ganapathi Anthony Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a plot of 1,000 sq.ft at the current guideline value, the total stamp duty would be Rs 98,000.