Guideline Value for Ganapathipuram

Ganapathipuram guideline value

The current guideline value of Ganapathipuram, located in Arambakkam village under the Gooduvancheri SRO, is Rs 800 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Ganapathipuram has changed

The guideline value for Ganapathipuram has undergone several revisions over the years. The earliest available figure is from 2007, where the guideline value was Rs 160 per sq.ft. This increased significantly to Rs 800 per sq.ft in 2012, marking a 400% rise. However, from 2012 to 2017, the value decreased by 33% to Rs 536 per sq.ft. The most recent revisions show that the value remained at Rs 800 per sq.ft in both 2023 and 2024, indicating no change between these two years.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 400%. It is important to note that there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Arambakkam

In Arambakkam, there are 33 streets under the Gooduvancheri SRO with guideline values ranging from Rs 400 to Rs 800 per sq.ft. The median guideline value for these streets is Rs 600 per sq.ft, placing Ganapathipuram's 2024 figure above this median.

• Dr. Radhakrishnan Nagar: Rs 600 per sq.ft (2024)
• Dr. Radha Krishnan Extension: Rs 800 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 500 per sq.ft (2024)
• D.A. Colony: Rs 600 per sq.ft (2024)
• Cittirai Nagar: Rs 402 per sq.ft (2024)
• Balagangadara Thilak Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Ganapathipuram

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty, charged at 7%, would be Rs 56,000, and the registration fee at 2% would be Rs 16,000. Therefore, the total cost for stamp duty and registration fee would be Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Ganapathipuram?

The Ganapathipuram area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Arambakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

During the registration process, the guideline value serves as a benchmark to assess the transaction value. Buyers and sellers must be aware of the guideline value to avoid any discrepancies during registration and to ensure that the transaction is processed smoothly.

Frequently asked questions

What is the current guideline value of Ganapathipuram?

The current guideline value of Ganapathipuram is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 160 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, then decreasing to Rs 536 per sq.ft in 2017, and remaining at Rs 800 per sq.ft in both 2023 and 2024.

What is the land classification for Ganapathipuram?

Ganapathipuram is classified as Residential Special Type - II.

Where can I find the Sub Registrar Office for Ganapathipuram?

The Gooduvancheri Sub Registrar Office covers Ganapathipuram and is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Ganapathipuram?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property with a guideline value of Rs 8,00,000, the stamp duty at 7% would be Rs 56,000.