Guideline Value for Ganapathi Street Extension

Ganapathi Street Extension guideline value

The current guideline value of Ganapathi Street Extension is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village under the Velacheri SRO, classified as Residential Class I Type - III.

How the guideline value of Ganapathi Street Extension has changed

According to the guideline value register, there are no figures for Ganapathi Street Extension in the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision in 2024 sets the guideline value at Rs 2,750 per sq.ft.

There have been no changes between the revisions listed above. The 2024 figure matches the median guideline value for the 1823 streets in Madipakkam-1, which ranges from Rs 1,650 to Rs 5,500 per sq.ft.

Guideline values in Madipakkam-1

In Madipakkam-1, the guideline values range from Rs 1,650 to Rs 5,500 per sq.ft, with a median of Rs 2,750 per sq.ft. Ganapathi Street Extension's 2024 figure is equal to this median.

• Ganapathi Street: Rs 2,750 per sq.ft (2024)
• Ezhil Avenue: Rs 2,200 per sq.ft (2024)
• E.V.R. Colony Andavar Street: Rs 2,750 per sq.ft (2024)
• E.V.R. Colony 3rd Street: Rs 2,750 per sq.ft (2024)
• E.V.R. Colony 3rd Cross Street: Rs 2,750 per sq.ft (2024)
• E.V.R. Colony 2nd Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Ganapathi Street Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, making a total of Rs 2,47,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ganapathi Street Extension?

The Ganapathi Street Extension falls under the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is a crucial factor during property registration in Madipakkam-1. It determines the minimum value at which a property can be registered and is used to calculate applicable stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and transparently. It helps in standardizing property values across the area, thereby facilitating smoother transactions.

Frequently asked questions

What is the current guideline value of Ganapathi Street Extension?

The current guideline value of Ganapathi Street Extension is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There are no figures available for Ganapathi Street Extension for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision in 2024 sets the guideline value at Rs 2,750 per sq.ft.

What is the land classification for Ganapathi Street Extension?

Ganapathi Street Extension is classified as Residential Class I Type - III, indicating its suitability for residential purposes.

What is the process for calculating stamp duty and registration fees?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. The registration fee is charged at 2% of the guideline value.

Where can I find the Sub Registrar Office for Ganapathi Street Extension?

The Velacheri Sub Registrar Office covers Ganapathi Street Extension and is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.