Guideline Value for Ganapathipuram 9th Street

Ganapathipuram 9th Street guideline value

The current guideline value of Ganapathipuram 9th Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Nandhambakkam village under the Alandur SRO, classified as Residential Class II Type - I.

How the guideline value of Ganapathipuram 9th Street has changed

The guideline value for Ganapathipuram 9th Street has seen several revisions over the years. The 2007 revision recorded a value of Rs 1,200 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in 2012, marking a rise of 192%. However, this value dropped to Rs 2,345 per sq.ft in 2017, reflecting a decrease of 33%. The value then rose to Rs 3,500 per sq.ft in 2023, and further increased to the current rate of Rs 3,900 per sq.ft in 2024, which is an increase of 11%.

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

Guideline values in Nandhambakkam

Nandhambakkam village has a range of guideline values across its 76 streets under the Alandur SRO, with the 2024 figures ranging from Rs 2,200 to Rs 8,300 per sq.ft. The median value is Rs 3,900 per sq.ft, which matches the current guideline value for Ganapathipuram 9th Street.

• Ganapathi Puram 8th Street: Rs 3,900 per sq.ft (2024)
• Ganapathipuram Colony: Rs 3,900 per sq.ft (2024)
• Ganapathipuram 7th Street: Rs 3,900 per sq.ft (2024)
• Ganapathi Puram First Street: Rs 3,900 per sq.ft (2024)
• Ganapathipuram 6th Street: Rs 3,900 per sq.ft (2024)
• Ganapathipuram Main Road: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Ganapathipuram 9th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ganapathipuram 9th Street?

The Ganapathipuram 9th 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 plays a crucial role in the registration process of property transactions in Nandhambakkam. It serves as a benchmark for determining the minimum price at which a property 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 fees are based on the higher of the guideline value or the actual sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Ganapathipuram 9th Street?

The current guideline value of Ganapathipuram 9th 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 an overall increase of 225% over the years.

What are the stamp duty rates for property transactions in Ganapathipuram 9th Street?

The stamp duty for property transactions in Ganapathipuram 9th Street is charged at 7% of the guideline value or 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.

How can I calculate the registration fees for my property?

You can calculate the registration fees for your property using the stamp duty and registration fee calculator available online.