Guideline Value for Ganapathy Nagar 1st Street

Ganapathy Nagar 1st Street guideline value

The current guideline value of Ganapathy Nagar 1st Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village and falls under the Pammal SRO. The land classification for this area is Residential Class II Type - I.

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

The guideline value for Ganapathy Nagar 1st Street has seen several revisions over the years. The oldest recorded revision is from 2017, where the guideline value was Rs 1,072 per sq.ft. This figure increased to Rs 1,600 per sq.ft in 2023, marking a significant rise of 49%. The latest revision in 2024 has set the guideline value at Rs 1,760 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO, with the 2024 guideline values ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, placing the guideline value of Ganapathy Nagar 1st Street below this median.

• Ganapathy Nagar 2nd Street: Rs 1,760 per sq.ft (2024)
• Ganapathy Nagar 3rd Street: Rs 1,760 per sq.ft (2024)
• Ganapathy Nagar: Rs 1,760 per sq.ft (2024)
• Gandhi Street: Rs 1,760 per sq.ft (2024)
• G.K.Nagar 2nd Street: Rs 1,870 per sq.ft (2024)
• G.K.Nagar 3rd Street: Rs 1,870 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total cost for these fees to Rs 1,58,400. It is essential to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ganapathy Nagar 1st Street?

The Sub Registrar Office that covers Ganapathy Nagar 1st Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Anakaputhur. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. When registering a property, the guideline value is considered to ensure that the fees are calculated based on a standardized valuation.

Additionally, the guideline value helps in ensuring transparency in property transactions. It provides a reference point for both buyers and sellers, making it easier to understand the financial implications of property purchases in the area.

Frequently asked questions

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

The current guideline value of Ganapathy Nagar 1st Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,072 per sq.ft in 2017 to Rs 1,600 per sq.ft in 2023, and then to Rs 1,760 per sq.ft in 2024, which is an overall increase of 64% from 2017 to 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200 and the registration fee would be Rs 35,200, totaling Rs 1,58,400.

Which Sub Registrar Office is responsible for Ganapathy Nagar 1st Street?

The Pammal Sub Registrar Office is responsible for Ganapathy Nagar 1st Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

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

The land classification for Ganapathy Nagar 1st Street is Residential Class II Type - I.