Guideline Value for Ganapathi Nagar

Ganapathi Nagar guideline value

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

How the guideline value of Ganapathi Nagar has changed

Over the years, the guideline value of Ganapathi Nagar has seen significant changes. The 2002 revision recorded a guideline value of Rs 134 per sq.ft, which increased to Rs 175 per sq.ft in 2003, marking a 31% rise. The value further increased to Rs 200 per sq.ft in 2007, a 14% increase from the previous year. The 2012 revision maintained the value at Rs 1,400 per sq.ft, which remained unchanged until the 2023 revision, where it was still Rs 1,400 per sq.ft.

The latest revision in 2024 saw the guideline value increase to Rs 1,500 per sq.ft, reflecting a 7% increase from the 2023 figure. The overall change from the 2002 revision to the 2024 revision is a substantial 1019% increase.

Guideline values in Thirumullaivoyal

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

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total charges to 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.

For more information, you can use the stamp duty and registration fee calculator.

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. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is considered to ensure that the transaction is registered at an appropriate value, preventing undervaluation. This helps maintain transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Ganapathi Nagar?

The current guideline value of Ganapathi Nagar 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 increased from Rs 134 per sq.ft in 2002 to Rs 1,500 per sq.ft in 2024, marking an overall increase of 1019% over this period.

What is the land classification for Ganapathi Nagar?

Ganapathi Nagar is classified under Residential Class III Type - II land classification.

What are the stamp duty and registration fees for property transactions?

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.

Which office handles property registrations for Ganapathi Nagar?

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