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Guideline Value

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Guideline Value for Ganapathi Nagar Extension I & II

₹550/sq.ft.

The guideline value for Ganapathi Nagar Extension I & Ii in Pothur village (Redhills SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pothur

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹20 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹190 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Ganapathi Nagar Extension I & Ii

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Ganapathi Nagar Extension I & II guideline value

The current guideline value of Ganapathi Nagar Extension I & II is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Pothur village, under the Redhills SRO, and is classified as Residential Class I Type - I.

How the guideline value of Ganapathi Nagar Extension I & II has changed

The guideline value for Ganapathi Nagar Extension I & II has seen several revisions over the years. The earliest recorded figure is from 2002, which was Rs 190 per sq.ft. This increased to Rs 20 per sq.ft in 2003, marking a decrease of 89%. In 2007, the value rose significantly to Rs 300 per sq.ft, an increase of 1,400%. The value then changed to Rs 500 per sq.ft in 2012, which was a decrease of 33%. In 2017, it saw a rise to Rs 335 per sq.ft, followed by a substantial increase to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024, reflecting a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 189%. The revisions for the years 2012, 2017, and 2023 show notable changes, with the largest increase occurring between 2003 and 2007. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Pothur

Pothur village has a total of 98 streets under the Redhills SRO, with 2024 guideline values ranging from Rs 330 to Rs 2,000 per sq.ft. The median value is Rs 550 per sq.ft, which aligns with the current guideline value for Ganapathi Nagar Extension I & II.

Stamp duty and registration fee for property in Ganapathi Nagar Extension I & II

For a 1,000 sq.ft plot at the current rate of Rs 550 per sq.ft, the guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ganapathi Nagar Extension I & II?

The Ganapathi Nagar Extension I & II area falls under the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Pothur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs incurred during the transaction. Buyers must be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for Ganapathi Nagar Extension I & II?

The current guideline value for Ganapathi Nagar Extension I & II is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 190 per sq.ft in 2002 to Rs 550 per sq.ft in 2024, reflecting an overall increase of 189% over the years.

What is the registration office for Ganapathi Nagar Extension I & II?

The registration office for Ganapathi Nagar Extension I & II is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, on a plot valued at Rs 5,50,000, the stamp duty would be Rs 38,500 at a rate of 7%.

What are the other streets in Pothur with similar guideline values?

Other streets in Pothur with a guideline value of Rs 550 per sq.ft include Ganapathy Nagar, Eswaran Nagar, Engineer Ramasamy Nagar, and Guru Raghavendra Nagar.