Guideline Value for Ganapathi Nagar

Ganapathi Nagar guideline value

The current guideline value of Ganapathi Nagar, located in Menambedu village under the Ambattur SRO, is Rs 1,002 per sq.ft, effective from 1 July 2024. This area falls under Residential Class V Type - I land classification.

How the guideline value of Ganapathi Nagar has changed

The guideline value for Ganapathi Nagar has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 700 per sq.ft. This increased to Rs 469 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value rose significantly to Rs 1,000 per sq.ft, an increase of 113%. The most recent revision in 2024 set the guideline value at Rs 1,002 per sq.ft, showing no change from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for Ganapathi Nagar. Overall, from 2012 to 2024, the guideline value has increased by 43%.

Guideline values in Menambedu

In Menambedu, there are 171 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 6,680 per sq.ft. The median value is Rs 1,003 per sq.ft, placing Ganapathi Nagar's 2024 figure slightly below this median.

• Gandhi 1 Street (Elangonagar): Rs 1,700 per sq.ft (2024)
• Gandhi 2 Street (Elangonagar): Rs 1,700 per sq.ft (2024)
• Gandhi 3 Street (Elangonagar): Rs 1,700 per sq.ft (2024)
• Gandhi Road(Elango Nagar): Rs 1,700 per sq.ft (2024)
• Gandhi Street(Gnanamurthy nagar): Rs 1,700 per sq.ft (2024)
• Gandhi Street (Ward 7) (Elango Nagar): Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Ganapathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,002 per sq.ft, the total guideline value would be Rs 10,02,000. The stamp duty at 7% would amount to Rs 70,140, and the registration fee at 2% would be Rs 20,040, bringing the total to Rs 90,180. 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 details.

Which Sub Registrar Office covers Ganapathi Nagar?

The Ganapathi Nagar area is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor during property registration in Menambedu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that these costs are based on a standardized valuation rather than the sale price alone.

Frequently asked questions

What is the current guideline value of Ganapathi Nagar?

The current guideline value of Ganapathi Nagar is Rs 1,002 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 1,002 per sq.ft in 2024, reflecting an overall increase of 43% over this period.

What is the registration office for Ganapathi Nagar?

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

What are the stamp duty rates for properties in Ganapathi Nagar?

The stamp duty rate for properties in Ganapathi Nagar is 7% of the guideline value or the sale price, whichever is higher.

What is the median guideline value in Menambedu?

The median guideline value in Menambedu is Rs 1,003 per sq.ft, with Ganapathi Nagar's current value slightly below this median.