Guideline Value for Ganapathipuram Cross Street(Ashok Nagar South)

Ganapathipuram Cross Street(Ashok Nagar South) guideline value

The current guideline value of Ganapathipuram Cross Street (Ashok Nagar South) is Rs 2,530 per sq.ft, effective from 1 July 2024. This street is located in Irumpuliyur village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Ganapathipuram Cross Street(Ashok Nagar South) has changed

Over the years, the guideline value for Ganapathipuram Cross Street has seen several revisions. The 2012 revision set the value at Rs 2,300 per sq.ft, which was then reduced to Rs 1,541 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 2,300 per sq.ft, marking a rise of 49%. The most recent revision in 2024 has further increased the value to Rs 2,530 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, the guideline value has increased by 10% from Rs 2,300 in 2012 to Rs 2,530 in 2024.

Guideline values in Irumpuliyur

In Irumpuliyur, there are 218 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Ganapathipuram Cross Street's 2024 figure above this median.

• Ganapathipuram North Street: Rs 2,530 per sq.ft (2024)
• Ganapathipuram South Street: Rs 2,530 per sq.ft (2024)
• Forest Colony: Rs 1,320 per sq.ft (2024)
• Erikarai Street: Rs 2,530 per sq.ft (2024)
• Gangai Street: Rs 2,200 per sq.ft (2024)
• Gayathiri Colony ( Gayathiri Nagar ): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ganapathipuram Cross Street(Ashok Nagar South)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value amounts to Rs 25,30,000. The stamp duty, calculated at 7%, would be Rs 1,77,100, while the registration fee at 2% would be Rs 50,600. Together, the total cost for stamp duty and registration fees would be Rs 2,27,700. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ganapathipuram Cross Street(Ashok Nagar South)?

The Ganapathipuram Cross Street (Ashok Nagar South) falls under the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Irumpuliyur. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction is recorded accurately in accordance with government regulations.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are essential components of the transaction. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, making it important to understand the current guideline value when planning a property transaction.

Frequently asked questions

What is the current guideline value of Ganapathipuram Cross Street?

The current guideline value of Ganapathipuram Cross Street (Ashok Nagar South) is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,300 in 2012 to Rs 1,541 in 2017, then increased to Rs 2,300 in 2023, and finally to Rs 2,530 in 2024. This represents an overall increase of 10% from 2012 to 2024.

What is the land classification for Ganapathipuram Cross Street?

Ganapathipuram Cross Street is classified as Residential Special Type - I, indicating its suitability for residential purposes.

Where can I find the Tambaram Joint 1 Sub Registrar Office?

The Tambaram Joint 1 Sub Registrar Office is located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.

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

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 25,30,000, the stamp duty would be Rs 1,77,100.