Guideline Value for Ganapathi Nagar

Ganapathi Nagar guideline value

The current guideline value of Ganapathi Nagar, located in Oragadam village under the Ambattur SRO, is Rs 1,400 per sq.ft, effective from 1 July 2024. This area falls under Residential Class III 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. In 2007, the guideline value was Rs 400 per sq.ft, which increased significantly to Rs 1,300 per sq.ft in 2012. However, it dropped to Rs 871 per sq.ft in 2017. The 2023 revision saw a rise to Rs 1,300 per sq.ft, and the most recent revision in 2024 set the value at Rs 1,400 per sq.ft, marking an 8% increase from the previous year. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%, while the change from 2012 to 2017 was a decrease of 33%. The jump from 2007 to 2012 was a notable increase of 225%. Overall, from 2007 to 2024, the guideline value has risen by 250%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median of Rs 2,200 per sq.ft. The guideline value for Ganapathi Nagar is below this median.

• Ganapathi Anthony Street: Rs 1,400 per sq.ft (2024)
• Ganapathi 4th Street: Rs 1,400 per sq.ft (2024)
• Ganapathi 3rd Street: Rs 1,400 per sq.ft (2024)
• Ganapathi 2nd Street: Rs 1,400 per sq.ft (2024)
• Ganapathi 1st Street: Rs 1,400 per sq.ft (2024)
• Ganapathi Nagar Mugunthan Street: Rs 1,400 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 1,400 per sq.ft, the total guideline value is Rs 14,00,000. The stamp duty at 7% would be Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total to Rs 1,26,000. It is important to note that 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 registration zone. You can find your SRO for further assistance.

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

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

When a buyer or seller engages in a transaction, the guideline value serves as a benchmark for the minimum value of the property, ensuring that the transaction is recorded accurately and fairly in the official register.

Frequently asked questions

What is the current guideline value of Ganapathi Nagar?

The current guideline value of Ganapathi Nagar is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,400 per sq.ft in 2024, reflecting an overall increase of 250% over the years.

What are the registration fees for property in Ganapathi Nagar?

For a property valued at Rs 14,00,000, the stamp duty would be Rs 98,000 and the registration fee would be Rs 28,000, totaling Rs 1,26,000.

Which office handles property registration for Ganapathi Nagar?

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

What is the land classification of Ganapathi Nagar?

Ganapathi Nagar falls under the Residential Class III Type - I land classification, which is relevant for determining its guideline value and usage.