Guideline Value for Ganapathy Colony 2nd Cross St

Ganapathy Colony 2nd Cross St guideline value

The current guideline value of Ganapathy Colony 2nd Cross St is Rs 4,620 per sq.ft, effective from 1 July 2024. This street is located in Ekkaduthangal village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Ganapathy Colony 2nd Cross St has changed

The guideline value has seen several revisions over the years. In the 2012 revision, the value was set at Rs 4,200 per sq.ft. This figure decreased to Rs 2,814 per sq.ft in the 2017 revision. However, the value rebounded significantly in the 2023 revision to Rs 4,200 per sq.ft, and then increased to Rs 4,620 per sq.ft in the 2024 revision.

From 2017 to 2023, there was a notable increase of 49%, while the change from 2023 to 2024 reflects a 10% increase. Overall, comparing the 2012 revision to the current 2024 figure, there has been a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ekkaduthangal

In Ekkaduthangal, there are 190 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 3,080 to Rs 8,800 per sq.ft, with the median being Rs 4,620 per sq.ft. The guideline value for Ganapathy Colony 2nd Cross St matches this median.

• Ganapathy Colony Ist Cros Street: Rs 4,620 per sq.ft (2024)
• Ganapathy Colony (Near Vandipattai): Rs 4,620 per sq.ft (2024)
• Ganapathy Nagar II Street: Rs 3,520 per sq.ft (2024)
• Ganapathy Nagar Ist Street: Rs 5,500 per sq.ft (2024)
• Ganapathy Nagar (Union Carbiod Backside): Rs 4,620 per sq.ft (2024)
• Gandhi Nagar Extn.: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Ganapathy Colony 2nd Cross St

For a 1,000 sq.ft plot at the current guideline value of Rs 4,620 per sq.ft, the total guideline value would be Rs 46,20,000. The stamp duty at 7% would be Rs 3,23,400, and the registration fee at 2% would be Rs 92,400, bringing the total to Rs 4,15,800. Please 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 more details.

Which Sub Registrar Office covers Ganapathy Colony 2nd Cross St?

The Ganapathy Colony 2nd Cross St is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Ekkaduthangal. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property. The guideline value reflects the government’s assessment of the property’s worth based on various factors, including location and land classification.

When registering a property, the buyer must pay the stamp duty and registration fees based on the guideline value or the actual sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ganapathy Colony 2nd Cross St?

The current guideline value of Ganapathy Colony 2nd Cross St is Rs 4,620 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,200 per sq.ft in 2012 to Rs 2,814 per sq.ft in 2017, then back to Rs 4,200 per sq.ft in 2023, and finally to Rs 4,620 per sq.ft in 2024.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 46,20,000, the stamp duty would be Rs 3,23,400 and the registration fee would be Rs 92,400, totaling Rs 4,15,800.

Which Sub Registrar Office covers this area?

The Ganapathy Colony 2nd Cross St is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

What is the land classification for Ganapathy Colony 2nd Cross St?

The land classification for Ganapathy Colony 2nd Cross St is Residential Class II Type - I.