Guideline Value for Ganapathi Avenue

Ganapathi Avenue guideline value

The current guideline value of Ganapathi Avenue is Rs 1,500 per sq.ft. This street is located in Urapakkam village, under the Gooduvancheri SRO, and is classified as Residential Special Type - II.

How the guideline value of Ganapathi Avenue has changed

The guideline value for Ganapathi Avenue has undergone several revisions over the years. In the 2007 revision, the guideline value was Rs 735 per sq.ft. This increased significantly in the 2012 revision to Rs 1,500 per sq.ft, marking a rise of 104%. However, in the 2017 revision, the value decreased to Rs 1,005 per sq.ft, a drop of 33%. The most recent revision in 2023 saw the guideline value return to Rs 1,500 per sq.ft, representing an increase of 49% from the previous figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 104%. It is important to note that there are no figures available for the years 2002, 2003, and 2024 for this street.

Guideline values in Urapakkam

Currently, there are no specific village figures provided for Urapakkam. Ganapathi Avenue is part of the residential landscape in this area. Below are the other streets in Urapakkam:

Stamp duty and registration fee for property in Ganapathi Avenue

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000. Together, the total cost for these fees would be Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ganapathi Avenue?

The Sub Registrar Office that covers Ganapathi Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

When buying or selling property in Urapakkam, the guideline value plays a crucial role in determining the registration fees and stamp duty. Buyers and sellers must consider the guideline value as it is used to calculate the taxes owed during the registration process.

The registration office will assess the property based on the guideline value or the sale price, whichever is higher. This ensures that the correct amount of stamp duty and registration fees is collected, reflecting the value of the transaction.

Frequently asked questions

What is the current guideline value of Ganapathi Avenue?

The current guideline value of Ganapathi Avenue is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

Since the 2007 revision, the guideline value has increased by 104% overall. It was Rs 735 per sq.ft in 2007, then increased to Rs 1,500 per sq.ft in 2012, decreased to Rs 1,005 per sq.ft in 2017, and returned to Rs 1,500 per sq.ft in 2023.

What are the stamp duty and registration fees for properties in Ganapathi Avenue?

The stamp duty for properties in Ganapathi Avenue is 7%, and the registration fee is 2%. For a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 1,35,000.

Which Sub Registrar Office covers Ganapathi Avenue?

The Gooduvancheri Sub Registrar Office covers Ganapathi Avenue, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Are there any other streets in Urapakkam with guideline values?

No specific guideline values are provided for other streets in Urapakkam at this time. Ganapathi Avenue is the focus of this guideline value discussion.