Guideline Value for Ganapathi Street(A.K.A. Nagar)

Ganapathi Street(A.K.A. Nagar) guideline value

The current guideline value of Ganapathi Street (A.K.A. Nagar) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, classified as Residential Class II Type - I.

How the guideline value of Ganapathi Street(A.K.A. Nagar) has changed

The guideline value for Ganapathi Street has undergone several revisions over the years. In 2007, the guideline value was Rs 500 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a 200% rise. However, between 2012 and 2017, the value decreased to Rs 1,005 per sq.ft, reflecting a drop of 33%. The value then rose again to Rs 1,500 per sq.ft in 2023, and most recently, it has been set at Rs 1,600 per sq.ft in the 2024 revision, which is a 7% increase from the previous year.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 220%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Oragadam

Within Oragadam village, there are 596 streets under the Ambattur SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. Ganapathi Street's current guideline value is below this median.

• Ganapathi Street Ram Nagar: Rs 2,400 per sq.ft (2024)
• Ganapathi Nagar Mugunthan Street: Rs 1,400 per sq.ft (2024)
• Ganapathi Nagar: Rs 1,400 per sq.ft (2024)
• Ganapathi Anthony Street: Rs 1,400 per sq.ft (2024)
• Ganapathi 4th Street: Rs 1,400 per sq.ft (2024)
• Ganapathi 3rd Street: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Ganapathi Street(A.K.A. Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. 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 more detailed calculations.

Which Sub Registrar Office covers Ganapathi Street(A.K.A. Nagar)?

The Sub Registrar Office that covers Ganapathi Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Oragadam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Ganapathi Street?

The current guideline value of Ganapathi Street (A.K.A. Nagar) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 500 per sq.ft to Rs 1,600 per sq.ft in 2024, marking a total increase of 220% over the years.

What is the registration fee for property in Ganapathi Street?

The registration fee is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 16,00,000, the registration fee at 2% would be Rs 32,000.

Which office handles the registration for Ganapathi Street?

The Ambattur Sub Registrar Office handles the registration for Ganapathi Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone.

What is the range of guideline values for other streets in Oragadam?

In Oragadam, the guideline values for other streets range from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft.