Guideline Value for Ganapathipuram North Street

Ganapathipuram North Street guideline value

The current guideline value of Ganapathipuram North Street 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 North Street has changed

The guideline value for Ganapathipuram North Street has seen several revisions over the years. The earliest recorded revision was in 2007, with a guideline value of Rs 650 per sq.ft. This figure increased significantly to Rs 2,300 per sq.ft in 2012, marking a rise of 254%. However, in 2017, the value dropped to Rs 1,541 per sq.ft, a decrease of 33%. The value then increased again to Rs 2,300 per sq.ft in 2023, followed by a further increase to Rs 2,530 per sq.ft in 2024, reflecting a 10% rise.

Overall, from 2007 to 2024, the guideline value has increased by 289%. The revisions for the years 2002 and 2003 do not have any recorded figures for this street.

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 in this area is Rs 2,200 per sq.ft, placing Ganapathipuram North Street's 2024 figure above that median.

• Ganapathipuram South Street: Rs 2,530 per sq.ft (2024)
• Ganapathipuram Cross Street(Ashok Nagar South): 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 North Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value is Rs 25,30,000. The stamp duty at 7% would be Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, bringing the total cost for these fees to Rs 2,27,700. Note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ganapathipuram North Street?

The Ganapathipuram North Street is covered by 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 further assistance.

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

The guideline value is a crucial factor in the registration process for property transactions in Irumpuliyur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duties and registration fees.

When buying or selling property, the guideline value serves as a benchmark for pricing. Buyers and sellers should be aware that the stamp duty and registration fees are calculated based on this value or the sale price, whichever is higher, ensuring transparency in property transactions.

Frequently asked questions

What is the current guideline value of Ganapathipuram North Street?

The current guideline value of Ganapathipuram North Street 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 650 per sq.ft in 2007 to Rs 2,530 per sq.ft in 2024, reflecting an overall increase of 289% over the years.

What is the median guideline value in Irumpuliyur?

The median guideline value in Irumpuliyur is Rs 2,200 per sq.ft, with Ganapathipuram North Street's 2024 figure being above this median.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 25,30,000, the stamp duty is Rs 1,77,100 and the registration fee is Rs 50,600, totaling Rs 2,27,700.

Which office handles property registrations for Ganapathipuram North Street?

The Tambaram Joint 1 Sub Registrar Office handles property registrations for Ganapathipuram North Street, located at No.26, mes Road, East Tambaram, Chennai-600059.