Guideline Value for Ganapathipuram Main Road

Ganapathipuram Main Road guideline value

The current guideline value of Ganapathipuram Main Road is Rs 3,900 per sq.ft, effective from 1 July 2024. This road is located in Nandhambakkam village and falls under the jurisdiction of the Alandur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Ganapathipuram Main Road has changed

The guideline value for Ganapathipuram Main Road has seen several revisions over the years. The earliest recorded figure is from 2007, where it was set at Rs 1,200 per sq.ft. This increased significantly to Rs 3,500 per sq.ft in 2012, marking a rise of 192%. However, by 2017, the value decreased to Rs 2,345 per sq.ft, a drop of 33%. The value then rose again to Rs 3,500 per sq.ft in 2023, and most recently, it increased to Rs 3,900 per sq.ft in 2024, reflecting an 11% rise.

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

Guideline values in Nandhambakkam

Nandhambakkam has a total of 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 current figure for Ganapathipuram Main Road.

• Ganapathi Puram First Street: Rs 3,900 per sq.ft (2024)
• Ganapathipuram Colony: Rs 3,900 per sq.ft (2024)
• Ganapathipuram 9th Street: Rs 3,900 per sq.ft (2024)
• Ganapathi Puram 8th Street: Rs 3,900 per sq.ft (2024)
• Ganapathipuram 7th Street: Rs 3,900 per sq.ft (2024)
• Ganapathipuram 6th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Ganapathipuram Main Road

For a 1,000 sq.ft plot at the current rate of Rs 3,900 per sq.ft, the guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, while the registration fee at 2% would be Rs 78,000. Together, the total cost for these fees would be 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ganapathipuram Main Road?

The Ganapathipuram Main Road 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 is a crucial factor during the registration of property in Nandhambakkam. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for both buyers and sellers. It is important to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ganapathipuram Main Road?

The current guideline value of Ganapathipuram Main Road 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 are the stamp duty and registration fees for properties on Ganapathipuram Main Road?

For a 1,000 sq.ft property, the total stamp duty and registration fees would amount to Rs 3,51,000, based on the current guideline value of Rs 39,00,000.

Which Sub Registrar Office covers Ganapathipuram Main Road?

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

What land classification is Ganapathipuram Main Road under?

Ganapathipuram Main Road is classified as Residential Class II Type - I, indicating its suitability for residential development.