Guideline Value for Ganapathipuram Main Road

Ganapathipuram Main Road guideline value

The current guideline value of Ganapathipuram Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village and falls under the Pallavaram SRO. The land classification for this area is Mixed 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. In 2003, the guideline value was Rs 394 per sq.ft, which increased significantly to Rs 1,160 per sq.ft in 2007, marking a change of +194%. The value continued to rise to Rs 3,500 per sq.ft in 2012, reflecting an increase of +202%. The next revision in 2023 set the value at Rs 3,750 per sq.ft, showing a +7% change from the previous year. The most recent revision in 2024 raised the guideline value to Rs 3,850 per sq.ft, a +3% increase from 2023.

It is important to note that there are no figures available for the years 2002 and 2017 for this street. Overall, from 2003 to 2024, the guideline value has increased by +877%.

Guideline values in Zaminpallavaram

Zaminpallavaram village has a total of 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, placing the 2024 figure for Ganapathipuram Main Road above this median.

• Ganapathi Nagar: Rs 3,850 per sq.ft (2024)
• Ganapathypuram Extention 2nd Cross Street: Rs 3,850 per sq.ft (2024)
• Ganashpriyan Avenue: Rs 2,160 per sq.ft (2024)
• Gandhiamman Koil Street: Rs 2,160 per sq.ft (2024)
• Gandhi Nagar: Rs 3,300 per sq.ft (2024)
• Gandhi Nagar 1 To 3 Streets: Rs 3,300 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 guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, while the registration fee at 2% would be Rs 77,000. Together, the total cost for these fees would be Rs 3,46,500. 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 precise calculations.

Which Sub Registrar Office covers Ganapathipuram Main Road?

The Ganapathipuram Main Road is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Zaminpallavaram. It serves as a benchmark for determining the amount of stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must consider this value to ensure compliance with the legal requirements of property registration.

When a property is sold, the guideline value is used to assess the transaction's official value, which may influence the overall cost of registration. It is essential for both parties 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 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 394 per sq.ft in 2003 to Rs 3,850 per sq.ft in 2024, reflecting an overall increase of +877% over this period.

What is the median guideline value in Zaminpallavaram?

The median guideline value for the 638 streets in Zaminpallavaram is Rs 3,300 per sq.ft, with Ganapathipuram Main Road's 2024 figure being above this median.

What are the stamp duty and registration fees for property in Ganapathipuram Main Road?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 2,69,500 and the registration fee would be Rs 77,000, making the combined total Rs 3,46,500.

Which office handles the registration for Ganapathipuram Main Road?

The Pallavaram Sub Registrar Office handles the registration for Ganapathipuram Main Road, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.