Guideline Value for Ganapathi Nagar Extention

Ganapathi Nagar Extention guideline value

The current guideline value of Ganapathi Nagar Extention is Rs 2,750 per sq.ft, effective from 1 July 2024. This area is located in Madambakkam village, under the Selaiyur SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Ganapathi Nagar Extention has changed

The guideline value for Ganapathi Nagar Extention has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which remained unchanged in the 2023 revision. However, in the 2024 revision, the value increased to Rs 2,750 per sq.ft, marking a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2017 in the register for this street. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, placing Ganapathi Nagar Extention's 2024 figure above the median.

• Ganapathi Nagar Extention 1st Street: Rs 2,750 per sq.ft (2024)
• Ganapathi Nagar 7th Street: Rs 2,750 per sq.ft (2024)
• Ganapathi Nagar 6th Street: Rs 2,750 per sq.ft (2024)
• Ganapathi Nagar Main Road: Rs 2,750 per sq.ft (2024)
• Ganapathi Nagar 5th Street: Rs 2,750 per sq.ft (2024)
• Ganapathi Nagar 5th Cross Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Ganapathi Nagar Extention

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total fees together to Rs 2,47,500. 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 on fees.

Which Sub Registrar Office covers Ganapathi Nagar Extention?

The Ganapathi Nagar Extention falls under the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, within the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Madambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the transaction must be registered at the relevant SRO, and the guideline value will be used to calculate the applicable fees. This ensures that the government receives the correct revenue based on the established value of the property.

Frequently asked questions

What is the current guideline value of Ganapathi Nagar Extention?

The current guideline value of Ganapathi Nagar Extention is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 2,500 per sq.ft from 2012 to 2023, and then increased to Rs 2,750 per sq.ft in 2024, marking a 10% rise from the previous year.

What is the land classification for Ganapathi Nagar Extention?

Ganapathi Nagar Extention is classified as Commercial Class I Type - I.

What are the registration fees for property in Ganapathi Nagar Extention?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Which office handles property registrations in Ganapathi Nagar Extention?

The Selaiyur Sub Registrar Office handles property registrations for Ganapathi Nagar Extention, located at No.36, Bharathmatha Salai, East Tambaram, Chennai.