Guideline Value for Ganapathipuram 7th Street

Ganapathipuram 7th Street guideline value

The current guideline value of Ganapathipuram 7th 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, classified as Residential Class II Type - I.

How the guideline value of Ganapathipuram 7th Street has changed

The guideline value for Ganapathipuram 7th Street has seen several revisions over the years. The 2007 revision set the value at Rs 1,200 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in 2012. However, this figure dropped to Rs 2,345 per sq.ft in 2017 before rising again to Rs 3,500 per sq.ft in 2023. The most recent revision in 2024 has established the guideline value at Rs 3,900 per sq.ft. The register has no figure for this street in 2002 and 2003.

From 2007 to 2012, the value increased by 192%, followed by a decrease of 33% from 2012 to 2017. The value then surged by 49% from 2017 to 2023, and finally, there was an increase of 11% from 2023 to 2024. Overall, the guideline value has increased by 225% from 2007 to 2024.

Guideline values in Nandhambakkam

Nandhambakkam features a range of guideline values across its 76 streets under the Alandur SRO, with values ranging from Rs 2,200 to Rs 8,300 per sq.ft. The 2024 guideline value for Ganapathipuram 7th Street matches the median of Rs 3,900 per sq.ft for the area.

• Ganapathipuram 6th Street: Rs 3,900 per sq.ft (2024)
• Ganapathi Puram 8th Street: Rs 3,900 per sq.ft (2024)
• Ganapathipuram 5th Street: Rs 3,900 per sq.ft (2024)
• Ganapathipuram 9th Street: Rs 3,900 per sq.ft (2024)
• Ganapathi puram 4th Street: Rs 3,900 per sq.ft (2024)
• Ganapathipuram Colony: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Ganapathipuram 7th 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, leading to a total of 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ganapathipuram 7th Street?

The Ganapathipuram 7th Street is covered by 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 plays a crucial role during the registration of property transactions in Nandhambakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these charges are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Ganapathipuram 7th Street?

The current guideline value of Ganapathipuram 7th Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2007?

Since 2007, the guideline value has increased by 225%, rising from Rs 1,200 per sq.ft to Rs 3,900 per sq.ft in 2024.

What was the guideline value in 2017?

The guideline value for Ganapathipuram 7th Street in 2017 was Rs 2,345 per sq.ft.

Which Sub Registrar Office covers this street?

The Alandur Sub Registrar Office covers Ganapathipuram 7th Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the median guideline value for streets in Nandhambakkam?

The median guideline value for streets in Nandhambakkam is Rs 3,900 per sq.ft, which is the same as the current guideline value for Ganapathipuram 7th Street.