Guideline Value for Ganapathi Street(ganapathi nagar)

Ganapathi Street(ganapathi nagar) guideline value

The current guideline value of Ganapathi Street(ganapathi nagar) is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Ayappakkam village and falls under the Ambattur SRO with a land classification of Residential Class II Type - II.

How the guideline value of Ganapathi Street(ganapathi nagar) has changed

The guideline value for Ganapathi Street(ganapathi nagar) has seen several revisions over the years. The earliest recorded revision was in 2007, setting the value at Rs 400 per sq.ft. This increased to Rs 800 per sq.ft in 2012, followed by a decrease to Rs 536 per sq.ft in 2017. The value then rose significantly to Rs 800 per sq.ft in 2023, before reaching the current guideline value of Rs 880 per sq.ft in 2024. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%, while the change from 2012 to 2017 was a decrease of 33%. Notably, the value doubled from Rs 400 per sq.ft in 2007 to Rs 800 per sq.ft in 2012. Overall, the guideline value has increased by 120% from 2007 to 2024.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft, with a median value of Rs 1,300 per sq.ft. The guideline value of Ganapathi Street(ganapathi nagar) is below this median.

• Gandhi Cross Street(Iyappan nagar): Rs 1,700 per sq.ft (2024)
• Ezhil nagar 7th street(Ezhil nagar): Rs 1,300 per sq.ft (2024)
• Ezhil nagar 6th street(Ezhil nagar): Rs 1,300 per sq.ft (2024)
• Ezhil nagar 5th street(Ezhil nagar): Rs 1,300 per sq.ft (2024)
• Ezhil nagar 4th street(Ezhil nagar): Rs 1,300 per sq.ft (2024)
• Ezhil nagar(1st,2nd,3rd street): Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Ganapathi Street(ganapathi nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total fees to Rs 79,200. 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 further calculations.

Which Sub Registrar Office covers Ganapathi Street(ganapathi nagar)?

The Sub Registrar Office that covers Ganapathi Street(ganapathi nagar) 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 Ayappakkam

The guideline value is an essential factor during the registration of property transactions in Ayappakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the worth of the property being transacted. It is crucial to note that the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price, which protects the interests of the state in property transactions.

Frequently asked questions

What is the current guideline value of Ganapathi Street(ganapathi nagar)?

The current guideline value of Ganapathi Street(ganapathi nagar) is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 120% over this period.

What is the stamp duty for property in Ganapathi Street(ganapathi nagar)?

The stamp duty for property in Ganapathi Street(ganapathi nagar) is calculated at 7% of the guideline value or the sale price, whichever is higher.

Which office handles property registration for Ganapathi Street(ganapathi nagar)?

The Ambattur Sub Registrar Office handles property registration for Ganapathi Street(ganapathi nagar), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.

What are the guideline values of other streets in Ayappakkam?

Other streets in Ayappakkam have varying guideline values. For example, Gandhi Cross Street(Iyappan nagar) is Rs 1,700 per sq.ft, while several streets in Ezhil nagar have a guideline value of Rs 1,300 per sq.ft.