Guideline Value for Ganapathi Nagar Virivakkam

Ganapathi Nagar Virivakkam guideline value

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

How the guideline value of Ganapathi Nagar Virivakkam has changed

The guideline value for Ganapathi Nagar Virivakkam has seen several revisions over the years. In 2002, the value was Rs 137 per sq.ft, which increased to Rs 175 per sq.ft in 2003, reflecting a change of 28%. By 2007, the value rose significantly to Rs 200 per sq.ft, marking a 14% increase. The 2012 revision brought a substantial jump to Rs 1,400 per sq.ft, a 600% increase from the previous figure. The latest revision in 2024 set the guideline value at Rs 1,500 per sq.ft, which is a 7% increase from 2012.

It is important to note that there are no figures available for the revisions in 2017 and 2023 for this street. Overall, from 2002 to 2024, the guideline value has increased by 995%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 2,400 per sq.ft. The guideline value for Ganapathi Nagar Virivakkam is below this median.

• Ganapathi Nagar (Ragavendra Street): Rs 1,500 per sq.ft (2024)
• Ganapathi Nagar Mylaikarpagambal Street: 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 Virivakkam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total 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, totaling 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 also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ganapathi Nagar Virivakkam?

The Ganapathi Nagar Virivakkam area is covered by 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 is a crucial factor during property transactions in Thirumullaivoyal, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Ganapathi Nagar Virivakkam?

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

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 137 per sq.ft in 2002 to Rs 1,500 per sq.ft in 2024, marking an overall increase of 995%.

What is the registration office for Ganapathi Nagar Virivakkam?

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

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 and the registration fee would be Rs 30,000, totaling Rs 1,35,000.

Are there other streets with the same guideline value in Thirumullaivoyal?

Yes, several other streets in Thirumullaivoyal have the same guideline value of Rs 1,500 per sq.ft, including Ganapathi Nagar (Ragavendra Street), Ganapathi Nagar Mylaikarpagambal Street, and E.V.R. Nagammai Street.