Guideline Value for Ganapathi Nagar (Ragavendra Street

Ganapathi Nagar (Ragavendra Street guideline value

The current guideline value for Ganapathi Nagar (Ragavendra Street) is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class III Type - II.

How the guideline value of Ganapathi Nagar (Ragavendra Street has changed

Since the 2012 revision, the guideline value for Ganapathi Nagar (Ragavendra Street) has seen an increase of 7%, moving from Rs 1,400 per sq.ft in 2012 to Rs 1,500 per sq.ft in 2024. The 2023 revision recorded a value of Rs 1,400 per sq.ft, indicating no change from the previous year. The register has no figures for the revisions in 2002, 2003, 2007, and 2017.

To summarize the changes, the guideline value remained at Rs 1,400 per sq.ft from 2012 to 2023, and then increased to Rs 1,500 per sq.ft in 2024, reflecting a 7% rise from the 2023 figure. Overall, the guideline value increased by 7% from 2012 to 2024.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,400 per sq.ft, positioning Ganapathi Nagar (Ragavendra Street) below this median.

• Ganapathi Nagar Mylaikarpagambal Street: Rs 1,500 per sq.ft (2024)
• Ganapathi Nagar Virivakkam: Rs 1,500 per sq.ft (2024)
• Ganapathi Nagar (Ganapathi Street): Rs 1,500 per sq.ft (2024)
• Ganapathi Nagar: Rs 1,500 per sq.ft (2024)
• Gandhi Nagar: Rs 1,100 per sq.ft (2024)
• E.V.R. Nagammai Street: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Ganapathi Nagar (Ragavendra Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, totaling Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ganapathi Nagar (Ragavendra Street?

The Sub Registrar Office that covers Ganapathi Nagar (Ragavendra Street) 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 Thirumullaivoyal

The guideline value plays a crucial role in the registration process when buying or selling property in Thirumullaivoyal. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the appropriate revenue from property sales.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the stamp duty. This system helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value for Ganapathi Nagar (Ragavendra Street)?

The current guideline value for Ganapathi Nagar (Ragavendra Street) is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 1,400 per sq.ft in 2012 to Rs 1,500 per sq.ft in 2024, with no change recorded between 2012 and 2023. The 2024 revision reflects a 7% increase from the 2023 figure.

What is the land classification for Ganapathi Nagar (Ragavendra Street)?

Ganapathi Nagar (Ragavendra Street) is classified as Residential Class III Type - II, which indicates its designation for residential development.

Where can I find the Sub Registrar Office for Ganapathi Nagar?

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

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 15,00,000 would incur a stamp duty of Rs 1,05,000 at a rate of 7%.