Guideline Value for Ganapathipuram 3rd Street

Ganapathipuram 3rd Street guideline value

The current guideline value of Ganapathipuram 3rd Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Nandhambakkam village and falls under the Alandur SRO. It is classified as Residential Class II Type - I.

How the guideline value of Ganapathipuram 3rd Street has changed

The guideline value for Ganapathipuram 3rd Street has seen several revisions over the years. In 2007, the guideline value was Rs 1,200 per sq.ft. This increased significantly to Rs 3,500 per sq.ft in 2012, marking a rise of 192%. However, from 2012 to 2017, the value decreased to Rs 2,345 per sq.ft, a drop of 33%. The subsequent revision in 2017 brought the value back up to Rs 3,500 per sq.ft in 2023, representing a 49% increase. The latest revision in 2024 set the guideline value at Rs 3,900 per sq.ft, which is an increase of 11% from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 225%.

Guideline values in Nandhambakkam

In Nandhambakkam, there are 76 streets under the Alandur SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 8,300 per sq.ft. The median guideline value for these streets is Rs 3,900 per sq.ft, which is equal to the 2024 figure for Ganapathipuram 3rd Street.

• Ganapathi Puram 2nd Street: Rs 3,900 per sq.ft (2024)
• Ganapathi puram 4th Street: Rs 3,900 per sq.ft (2024)
• Ganapathipuram 5th Street: Rs 3,900 per sq.ft (2024)
• Ganapathipuram 6th Street: Rs 3,900 per sq.ft (2024)
• Ganapathipuram 7th Street: Rs 3,900 per sq.ft (2024)
• Ganapathi Puram 8th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Ganapathipuram 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total to Rs 3,51,000. 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 detailed calculations.

Which Sub Registrar Office covers Ganapathipuram 3rd Street?

The Ganapathipuram 3rd Street is covered by the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Nandhambakkam, as it determines the minimum price at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction.

It is essential for buyers and sellers to be aware of the current guideline value, as it can influence the overall costs involved in the property transaction. Understanding the guideline value helps in making informed decisions when engaging in real estate transactions in the area.

Frequently asked questions

What is the current guideline value of Ganapathipuram 3rd Street?

The current guideline value of Ganapathipuram 3rd Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, showing a significant increase of 225% over the years.

What is the stamp duty for property in Ganapathipuram 3rd Street?

The stamp duty for property in Ganapathipuram 3rd Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Alandur Sub Registrar Office located?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What are the other streets in Nandhambakkam with the same guideline value?

Other streets in Nandhambakkam with the same guideline value of Rs 3,900 per sq.ft include Ganapathi Puram 2nd Street, Ganapathi puram 4th Street, Ganapathipuram 5th Street, Ganapathipuram 6th Street, Ganapathipuram 7th Street, and Ganapathi Puram 8th Street.