Guideline Value for Ganapathi Nagar

Ganapathi Nagar guideline value

The current guideline value of Ganapathi Nagar is Rs 1,500 per sq.ft, as per the 2023 revision. This area falls under Ayyencheri village and is managed by the Gooduvancheri SRO. The land classification for this locality is Residential Special Type - II.

How the guideline value of Ganapathi Nagar has changed

The guideline value of Ganapathi Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 370 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a rise of 305%. However, this was followed by a decrease to Rs 1,005 per sq.ft in 2017, which represented a drop of 33%. The most recent revision in 2023 brought the guideline value back up to Rs 1,500 per sq.ft, reflecting an increase of 49% from the previous revision.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 305%. It is important to note that the register does not have figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Ayyencheri

While specific village figures are not provided, Ganapathi Nagar is a notable street within Ayyencheri. Currently, there are no other streets in Ayyencheri listed under the Gooduvancheri SRO.

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 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, bringing the total cost for these fees 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.

You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Ganapathi Nagar?

The Sub Registrar Office that covers Ganapathi Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

To find your SRO, please visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Ayyencheri. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these fees are calculated accurately based on the value of the property.

It is essential for buyers and sellers to be aware of the current guideline value, as it influences the overall cost of the transaction. The guideline value serves as a benchmark for property transactions, promoting transparency and standardization in the registration process.

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, as per the 2023 revision.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 370 per sq.ft to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and returned to Rs 1,500 per sq.ft in 2023.

What are the registration fees for property in Ganapathi Nagar?

The registration fees include a stamp duty of 7% and a registration fee of 2% on the guideline value. For a property valued at Rs 15,00,000, the total fees would amount to Rs 1,35,000.

Which office handles property registration for Ganapathi Nagar?

The Gooduvancheri Sub Registrar Office is responsible for property registration in Ganapathi Nagar. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Is there a guideline value for Ganapathi Nagar for the year 2024?

The register does not have a guideline value figure for Ganapathi Nagar for the year 2024.