Guideline Value for Ganapathi Nagar

Ganapathi Nagar guideline value

The current guideline value of Ganapathi Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Orathur 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 of Ganapathi Nagar has seen several revisions. In 2007, the guideline value was Rs 150 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2012, marking a rise of 167%. However, from 2012 to 2017, there was a decrease to Rs 268 per sq.ft, a drop of 33%. The value then increased to Rs 400 per sq.ft in 2023, maintaining the same rate in the 2024 revision, showing no change from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 167%.

Guideline values in Orathur

In Orathur, there are 80 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 335 to Rs 1,700 per sq.ft. The median guideline value for these streets is Rs 500 per sq.ft, placing Ganapathi Nagar's 2024 figure below this median.

• Ganapathi Syndicate: Rs 400 per sq.ft (2024)
• Gandhi Nagar: Rs 500 per sq.ft (2024)
• Eswari Garden: Rs 500 per sq.ft (2024)
• Gandhi Nagar Extension-I: Rs 500 per sq.ft (2024)
• Gandhi Nagar Extension-II: Rs 500 per sq.ft (2024)
• Elite Orchard: Rs 650 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 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, making the total charges Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

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. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Orathur. It determines the amount of stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded at a fair value according to government regulations.

When a property is sold, the guideline value serves as a reference point for both the buyer and seller. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ganapathi Nagar?

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

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revision in 2024 maintaining the value at Rs 400 per sq.ft. The value has increased from Rs 150 per sq.ft in 2007 to Rs 400 per sq.ft in 2012, but saw a drop to Rs 268 per sq.ft in 2017.

What is the land classification for Ganapathi Nagar?

Ganapathi Nagar is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the registration office for Ganapathi Nagar?

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

How is stamp duty calculated for properties 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 the current guideline value, the total charges would include stamp duty at 7% and a registration fee at 2%.