Guideline Value for Ganapathy Nagar 2nd Cross

Ganapathy Nagar 2nd Cross guideline value

The current guideline value of Ganapathy Nagar 2nd Cross is Rs 1,540 per sq.ft, effective from 1 July 2024. This property is located in Thiruverkadu village, under the Kunrathur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Ganapathy Nagar 2nd Cross has changed

The guideline value for Ganapathy Nagar 2nd Cross has seen several revisions over the years. The 2012 revision set the value at Rs 1,400 per sq.ft, which was then reduced to Rs 938 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 1,400 per sq.ft, marking a 49% rise. The latest revision in 2024 has further increased the guideline value to Rs 1,540 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

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 guideline value for these streets is Rs 1,540 per sq.ft, which is equal to the guideline value of Ganapathy Nagar 2nd Cross.

• Ganapathy Nagar 1st 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 2nd 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 cost for these fees to Rs 1,38,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Ganapathy Nagar 2nd Cross?

The Ganapathy Nagar 2nd Cross falls under the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more details, you can find your SRO.

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

The guideline value is a critical factor in the registration process of property transactions in Thiruverkadu. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

Frequently asked questions

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

The current guideline value of Ganapathy Nagar 2nd 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 per sq.ft in 2012 to Rs 938 per sq.ft in 2017, then increased to Rs 1,400 per sq.ft in 2023, and finally to Rs 1,540 per sq.ft in 2024.

What is the land classification for Ganapathy Nagar 2nd Cross?

Ganapathy Nagar 2nd Cross is classified as Residential Class I Type - I.

Where can I find the registration office for Ganapathy Nagar 2nd Cross?

The registration office covering Ganapathy Nagar 2nd Cross is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in Ganapathy Nagar 2nd Cross?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft would incur a total stamp duty of Rs 1,07,800.