Guideline Value for Ganapathi Nagar / Ganapathi Siva Nagar

Ganapathi Nagar / Ganapathi Siva Nagar guideline value

The current guideline value for Ganapathi Nagar / Ganapathi Siva Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Ganapathi Nagar / Ganapathi Siva Nagar has changed

The guideline value for Ganapathi Nagar / Ganapathi Siva Nagar has seen significant changes over the years. The 2017 revision set the value at Rs 1,340 per sq.ft. With the latest revision in 2024, the value increased to Rs 2,200 per sq.ft, marking a change of +64% from the previous figure.

There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 for this street. Thus, the only revisions with figures are from 2017 and 2024.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a guideline value for 2024, ranging from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. The 2024 guideline value for Ganapathi Nagar / Ganapathi Siva Nagar is above this median.

• Ganapathi Nagar ( Ward No.26 ): Rs 2,200 per sq.ft (2024)
• Ganapathi Thottam (Ward-30): Rs 2,200 per sq.ft (2024)
• Ganapathy Nagar 1st st ( Ward No.3 ): Rs 2,200 per sq.ft (2024)
• Ganapathy Nagar 2nd st ( Ward No.3 ): Rs 2,200 per sq.ft (2024)
• Ganapathy Nagar 3rd st ( Ward No.3 ): Rs 2,200 per sq.ft (2024)
• Francis Colony (Ward-19): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ganapathi Nagar / Ganapathi Siva Nagar

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Ganapathi Nagar / Ganapathi Siva Nagar?

The Ganapathi Nagar / Ganapathi Siva Nagar area falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Madhavaram. It is used to determine the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is sold, the guideline value serves as a baseline for calculating the necessary fees, ensuring that both buyers and sellers are aware of the financial implications of their transactions. This helps maintain transparency in property dealings.

Frequently asked questions

What is the current guideline value for Ganapathi Nagar?

The current guideline value for Ganapathi Nagar / Ganapathi Siva Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft, which is a change of +64%.

Are there any years without guideline value figures for this street?

Yes, there are no figures available for the years 2023, 2012, 2007, 2003, and 2002 for Ganapathi Nagar / Ganapathi Siva Nagar.

What is the classification of the land in Ganapathi Nagar?

The land classification for Ganapathi Nagar / Ganapathi Siva Nagar is Residential Class I Type - I.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.