Guideline Value for Ganapathy Nagar 1st Cross

Ganapathy Nagar 1st Cross guideline value

The current guideline value of Ganapathy Nagar 1st Cross is Rs 1,540 per sq.ft, effective from 1 July 2024. This street is located in Thiruverkadu village under the Kunrathur SRO, classified as Residential Class I Type - I.

How the guideline value of Ganapathy Nagar 1st Cross has changed

The guideline value for Ganapathy Nagar 1st Cross has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 1,400 per sq.ft. This value then decreased to Rs 938 per sq.ft in 2017, marking a decline of 33%. Following this, the value increased significantly to Rs 1,400 per sq.ft in 2023, and then further to Rs 1,540 per sq.ft in the 2024 revision, reflecting a 10% increase.

In summary, the guideline value changed from Rs 1,400 in 2012 to Rs 938 in 2017, then increased to Rs 1,400 in 2023, and finally reached Rs 1,540 in 2024. The overall change from 2012 to 2024 reflects a 10% increase, while the increase from 2017 to 2023 was 49%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thiruverkadu

In Thiruverkadu, there are 178 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,430 to Rs 3,520 per sq.ft. The median value is Rs 1,540 per sq.ft, which is equal to the current guideline value of Ganapathy Nagar 1st Cross.

• Ganapathy Nagar 2nd Cross: Rs 1,540 per sq.ft (2024)
• Ganapathy Nagar MainRoad: Rs 1,540 per sq.ft (2024)
• Ganapathy Nagar to Sri Devi Nagar Link Road: Rs 1,540 per sq.ft (2024)
• Gajendra Maestri Nagar: Rs 1,540 per sq.ft (2024)
• Eswaran Koil to Yadhawal Street: Rs 1,540 per sq.ft (2024)
• Eswaran Koil Street: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Ganapathy Nagar 1st Cross

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value would be Rs 15,40,000. The stamp duty at 7% would amount to Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total to Rs 1,38,600. 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 specific calculations.

Which Sub Registrar Office covers Ganapathy Nagar 1st Cross?

The Sub Registrar Office that covers Ganapathy Nagar 1st Cross is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value serves as a benchmark for property transactions in Thiruverkadu. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, which are essential for legalizing the transaction.

It is crucial for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations and to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ganapathy Nagar 1st Cross?

The current guideline value of Ganapathy Nagar 1st Cross is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 in 2012 to Rs 938 in 2017, then increased to Rs 1,400 in 2023, and finally to Rs 1,540 in 2024.

What is the land classification for Ganapathy Nagar 1st Cross?

Ganapathy Nagar 1st Cross is classified as Residential Class I Type - I.

What are the stamp duty and registration fees for a property in Ganapathy Nagar 1st Cross?

For a plot of 1,000 sq.ft at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,38,600.

Which office handles registrations for Ganapathy Nagar 1st Cross?

The Kunrathur Sub Registrar Office handles registrations for Ganapathy Nagar 1st Cross, located at No.59, Road Street, Kundrathur, Chennai -600 069.