Guideline Value for Ganapathipuram 6th Street

Ganapathipuram 6th Street guideline value

The current guideline value of Ganapathipuram 6th Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Nandhambakkam village under the Alandur SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Ganapathipuram 6th Street has changed

The guideline value for Ganapathipuram 6th Street has experienced 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, it then decreased to Rs 2,345 per sq.ft in 2017, a decline of 33%. The value further increased to Rs 3,500 per sq.ft in 2023, followed by a final increase to Rs 3,900 per sq.ft in 2024, representing an 11% rise.

Overall, from 2007 to 2024, the guideline value has increased by 225%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Nandhambakkam

Nandhambakkam village has 76 streets under the Alandur SRO, with the 2024 guideline values ranging from Rs 2,200 to Rs 8,300 per sq.ft. The median value is Rs 3,900 per sq.ft, which is equal to the guideline value of Ganapathipuram 6th Street.

• Ganapathipuram 5th Street: Rs 3,900 per sq.ft (2024)
• Ganapathipuram 7th Street: Rs 3,900 per sq.ft (2024)
• Ganapathi puram 4th Street: Rs 3,900 per sq.ft (2024)
• Ganapathi Puram 8th Street: Rs 3,900 per sq.ft (2024)
• Ganapathipuram 3rd Street: Rs 3,900 per sq.ft (2024)
• Ganapathipuram 9th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Ganapathipuram 6th 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, totaling 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 use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ganapathipuram 6th Street?

The Ganapathipuram 6th Street falls under the Alandur Sub Registrar Office located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Nandhambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is considered to ensure that the transaction is registered at a fair value, and it helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Ganapathipuram 6th Street?

The current guideline value of Ganapathipuram 6th 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, reflecting an overall increase of 225% over the years.

What is the land classification for Ganapathipuram 6th Street?

Ganapathipuram 6th Street is classified as Residential Class II Type - I.

Where can I find the Alandur Sub Registrar Office?

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

How is the stamp duty calculated for properties in Ganapathipuram 6th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the guideline value of Rs 3,900 per sq.ft would incur a total guideline value of Rs 39,00,000, leading to a stamp duty of Rs 2,73,000.