Guideline Value for Ganapathi Nagar

Ganapathi Nagar guideline value

The current guideline value of Ganapathi Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Keelakazhani village and falls under the Gooduvancheri SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Ganapathi Nagar has changed

Over the years, the guideline value for Ganapathi Nagar has seen several revisions. The 2012 revision set the value at Rs 700 per sq.ft, which remained unchanged until the 2023 revision, where it was still Rs 700 per sq.ft. The next revision in 2024 also maintained the guideline value at Rs 700 per sq.ft, indicating no change from the previous year.

Looking further back, the 2017 revision recorded a guideline value of Rs 469 per sq.ft, marking a significant increase of 49% by 2023. However, from 2012 to 2017, there was a decrease of 33%. Overall, comparing the figures from 2012 to 2024, the guideline value has not changed, remaining at Rs 700 per sq.ft.

Guideline values in Keelakazhani

In Keelakazhani, there are 35 streets under the Gooduvancheri SRO that have a 2024 guideline value ranging from Rs 500 to Rs 1,000 per sq.ft, with the median value being Rs 700 per sq.ft. Ganapathi Nagar's guideline value for 2024 aligns perfectly with this median.

• Dalmia Nagar: Rs 600 per sq.ft (2024)
• J S Garden: Rs 600 per sq.ft (2024)
• J.S. Garden Phase-I: Rs 896 per sq.ft (2024)
• Ashthalakshmi Nagar: Rs 700 per sq.ft (2024)
• Kuberra Nagar: Rs 700 per sq.ft (2024)
• Mahalakshmi Nagar Phase-I: Rs 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 700 per sq.ft, the total guideline value is Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000. Together, these fees total Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

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, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Keelakazhani. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to consider the guideline value, as it impacts the overall costs involved in the transaction. Buyers and sellers should be aware that the guideline value may differ from the sale price, and the higher of the two will be used to calculate the applicable duties.

Frequently asked questions

What is the current guideline value of Ganapathi Nagar?

The current guideline value of Ganapathi Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft since 2012, with no change from 2023 to 2024. However, it increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023.

What is the land classification for Ganapathi Nagar?

Ganapathi Nagar is classified as Residential Special Type - I, which influences its guideline value and suitability for various types of developments.

How is stamp duty calculated for property in Ganapathi Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 700 per sq.ft, the stamp duty would be Rs 49,000.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.