Guideline Value

Corporate

Guideline Value for Ganapathy Colony 2nd Street

₹8700/sq.ft.

The guideline value for Ganapathy Colony 2nd Street in Mylapore Part 1 village (Chennai Central Joint I SRO, Chennai zone) is Rs 8700 per sq.ft, effective 1 July 2024. It was Rs 8000 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mylapore Part 1

Village

Chennai Central Joint I

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹8700 /sq.ft.
From 1-4-2023 ₹8000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.182 Bharati Salai(pycrafts Road) Royapettah, Chennai-600014
044-28613608
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Ganapathy Colony 2nd Street

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Ganapathy Colony 2nd Street guideline value

The current guideline value of Ganapathy Colony 2nd Street is Rs 8,700 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 1 village under the Chennai Central Joint I SRO, and is classified as Residential Class I Type - III.

How the guideline value of Ganapathy Colony 2nd Street has changed

The guideline value for Ganapathy Colony 2nd Street has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 8,700 per sq.ft, which reflects a 9% increase from the 2023 figure of Rs 8,000 per sq.ft. The register has no figures for this street for the years 2017, 2012, 2007, 2003, and 2002.

Prior to the 2023 revision, the last recorded guideline value was Rs 8,000 per sq.ft in 2023. The absence of figures in earlier years means that there is no historical data available for this street for those specific revisions.

Guideline values in Mylapore Part 1

In Mylapore Part 1, there are 333 streets under the Chennai Central Joint I SRO that have a 2024 guideline value ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median value for these streets is Rs 8,800 per sq.ft, indicating that Ganapathy Colony 2nd Street's 2024 figure is below the median.

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

For a 1,000 sq.ft plot at the current rate of Rs 8,700 per sq.ft, the guideline value amounts to Rs 87,00,000. The stamp duty at 7% would be Rs 6,09,000, and the registration fee at 2% would be Rs 1,74,000, totaling Rs 7,83,000. 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 more details.

Which Sub Registrar Office covers Ganapathy Colony 2nd Street?

The Ganapathy Colony 2nd Street falls under the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Mylapore Part 1

The guideline value is a crucial factor during the registration of property transactions in Mylapore Part 1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the public records.

When buying or selling property, the guideline value influences the stamp duty and registration fees payable. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher, which can significantly affect the overall transaction expenses.

Frequently asked questions

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

The current guideline value of Ganapathy Colony 2nd Street is Rs 8,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 8,000 per sq.ft in 2023 to Rs 8,700 per sq.ft in 2024, marking a 9% rise. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the median guideline value in Mylapore Part 1?

The median guideline value for streets in Mylapore Part 1 is Rs 8,800 per sq.ft, which is higher than the current value of Ganapathy Colony 2nd Street.

What are the stamp duty and registration fees for properties in Ganapathy Colony 2nd Street?

For a property valued at Rs 87,00,000, the stamp duty would be Rs 6,09,000 and the registration fee would be Rs 1,74,000, totaling Rs 7,83,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ganapathy Colony 2nd Street?

The Sub Registrar Office covering Ganapathy Colony 2nd Street is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find more information by visiting the relevant website.