Guideline Value for Ganapathi muthali Street

Ganapathi muthali Street guideline value

The current guideline value of Ganapathi muthali Street is Rs 4,600 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and is classified as Mixed Type - I land.

How the guideline value of Ganapathi muthali Street has changed

Over the years, the guideline value of Ganapathi muthali Street has seen several revisions. The 2012 revision set the value at Rs 4,200 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 2,814 per sq.ft. The next revision in 2023 increased the value to Rs 4,200 per sq.ft, before the current 2024 revision raised it to Rs 4,600 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value for these streets is Rs 3,600 per sq.ft, making Ganapathi muthali Street's 2024 figure above that median.

• Gandhi Nagar: Rs 1,400 per sq.ft (2024)
• E.S.I . Street (Ramapurm): Rs 5,100 per sq.ft (2024)
• E.S.I Kudirrupu (kamarajpuram): Rs 1,600 per sq.ft (2024)
• Gandhi Street (kamarajapuram): Rs 1,600 per sq.ft (2024)
• Egambara Iyyar Street: Rs 4,000 per sq.ft (2024)
• East Park Street (Venkatapuram): Rs 4,600 per sq.ft (2024)

Stamp duty and registration fee for property in Ganapathi muthali Street

For a 1,000 sq.ft plot at the current rate of Rs 4,600 per sq.ft, the guideline value amounts to Rs 46,00,000. The stamp duty at 7% would be Rs 3,22,000, and the registration fee at 2% would be Rs 92,000, totaling Rs 4,14,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Ganapathi muthali Street?

The Sub Registrar Office covering Ganapathi muthali 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 Ambattur

The guideline value plays a crucial role in property transactions in Ambattur. It is used to determine the stamp duty and registration fees that must be paid when a property is sold or purchased. This ensures that the transaction is recorded accurately in the official registry.

When you buy or sell property, the guideline value helps establish a baseline for the transaction. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Ganapathi muthali Street?

The current guideline value of Ganapathi muthali Street is Rs 4,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,200 per sq.ft in 2023 to Rs 4,600 per sq.ft in 2024, reflecting a 10% increase. It increased from Rs 2,814 per sq.ft in 2017 to Rs 4,200 per sq.ft in 2023, marking a 49% rise.

What is the land classification of Ganapathi muthali Street?

Ganapathi muthali Street is classified as Mixed Type - I land. This classification can affect the types of development permitted in the area.

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

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

How is the stamp duty calculated for properties in Ambattur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 46,00,000, the stamp duty at 7% would be Rs 3,22,000.