Guideline Value for Ganapathy Colony- 2nd Main Road,

Ganapathy Colony- 2nd Main Road, guideline value

The current guideline value for Ganapathy Colony- 2nd Main Road is Rs 12,100 per sq.ft, effective from 1 July 2024. This area is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this street is Mixed Special Type - II.

How the guideline value of Ganapathy Colony- 2nd Main Road, has changed

The guideline value for Ganapathy Colony- 2nd Main Road has undergone several revisions over the years. The earliest recorded revision was in 2007, where the value was Rs 11,000 per sq.ft. This remained unchanged until the 2012 revision, which also recorded Rs 11,000 per sq.ft. However, in 2017, the value increased to Rs 7,370 per sq.ft, reflecting a decrease of 33% from the previous figure. The 2023 revision brought the value back up to Rs 11,000 per sq.ft, and the latest revision in 2024 has set it at Rs 12,100 per sq.ft, marking an increase of 10% from the previous year.

Between the revisions, the most significant change occurred from 2017 to 2023, with an increase of 49%. Overall, from 2007 to 2024, the guideline value has seen an increase of 10%. The register does not include figures for the years 2002 and 2003 for this street.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO that carry a 2024 guideline value, ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value for the village is Rs 4,900 per sq.ft, positioning Ganapathy Colony- 2nd Main Road above this median.

• E.V.R. Street, Chennai 82: Rs 4,400 per sq.ft (2024)
• Gandhi Nagar (Slum Board Allotment Only): Rs 2,700 per sq.ft (2024)
• Elumalai Naicken Street: Rs 4,900 per sq.ft (2024)
• Eda Ramasamy Street: Rs 4,900 per sq.ft (2024)
• G Block 1st Avenue: Rs 20,000 per sq.ft (2024)
• G Block 9th Street Extension: Rs 20,000 per sq.ft (2024)

Stamp duty and registration fee for property in Ganapathy Colony- 2nd Main Road,

For a 1,000 sq.ft plot at the current guideline value of Rs 12,100 per sq.ft, the total guideline value amounts to Rs 1,21,00,000. The stamp duty at 7% would be Rs 8,47,000, and the registration fee at 2% would be Rs 2,42,000, bringing the total fees to Rs 10,89,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ganapathy Colony- 2nd Main Road,?

The Sub Registrar Office covering Ganapathy Colony- 2nd Main Road is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. For more details, you can find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Ayanavaram. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. The guideline value is set by the government and is based on various factors, including the location and type of property.

When a buyer or seller approaches the Sub Registrar Office for registration, the guideline value is assessed. The fees are calculated based on this value or the sale price, whichever is higher, ensuring that the correct amount is collected for government revenue.

Frequently asked questions

What is the current guideline value of Ganapathy Colony- 2nd Main Road?

The current guideline value of Ganapathy Colony- 2nd Main Road is Rs 12,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 11,000 per sq.ft in 2007 to Rs 12,100 per sq.ft in 2024, with notable revisions in 2017 and 2023.

What is the land classification for Ganapathy Colony- 2nd Main Road?

The land classification for Ganapathy Colony- 2nd Main Road is Mixed Special Type - II.

Where can I find the Sub Registrar Office for Ganapathy Colony- 2nd Main Road?

The Sub Registrar Office for Ganapathy Colony- 2nd Main Road is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in Ayanavaram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 1,21,00,000, the stamp duty at 7% would be Rs 8,47,000.