Guideline Value for Ganapathi Nagar

Ganapathi Nagar guideline value

The current guideline value of Ganapathi Nagar is Rs 900 per sq.ft, as per the 2023 revision. This area is located in Mambakkam village and falls under the Gooduvancheri SRO. The land classification for this locality is Residential Special Type - I.

How the guideline value of Ganapathi Nagar has changed

The guideline value for Ganapathi Nagar has seen several revisions over the years. In the 2012 revision, the guideline value was Rs 900 per sq.ft. However, this figure remained unchanged until the 2017 revision, which saw a decrease to Rs 603 per sq.ft, marking a decline of 33%. The most recent revision in 2023 brought the guideline value back up to Rs 900 per sq.ft, reflecting an increase of 49% from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained the same at Rs 900 per sq.ft. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Mambakkam

Currently, there are no specific village figures available for Mambakkam. Ganapathi Nagar's guideline value is Rs 900 per sq.ft. There are no other streets in Mambakkam under the Gooduvancheri SRO listed in the available data.

Stamp duty and registration fee for property in Ganapathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value would be Rs 9,00,000. The stamp duty at 7% would amount to Rs 63,000, and the registration fee at 2% would be Rs 18,000, leading to a total of Rs 81,000 for these charges. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

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. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mambakkam. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must be aware of this value to ensure compliance with local regulations during property transactions.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two amounts is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Ganapathi Nagar?

The current guideline value of Ganapathi Nagar is Rs 900 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, and then back to Rs 900 per sq.ft in 2023. Overall, from 2012 to 2023, the value has remained unchanged.

What is the stamp duty for properties in Ganapathi Nagar?

The stamp duty for properties in Ganapathi Nagar is charged at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 9,00,000, the stamp duty would be Rs 63,000.

Where can I find the Sub Registrar Office for Ganapathi Nagar?

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

Is there any village data available for Mambakkam?

Currently, there are no specific village figures available for Mambakkam. The guideline value for Ganapathi Nagar is Rs 900 per sq.ft, but no other streets in Mambakkam are listed in the available data.