Guideline Value for Ganapathy Nagar 2nd Street

Ganapathy Nagar 2nd Street guideline value

The current guideline value of Ganapathy Nagar 2nd Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village, under the Pammal SRO, and is classified as Residential Class II Type - I.

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

The guideline value for Ganapathy Nagar 2nd Street has seen significant changes over the years. The 2017 revision set the value at Rs 1,072 per sq.ft. This increased to Rs 1,600 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has further raised the guideline value to Rs 1,760 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft, with a median value of Rs 1,980 per sq.ft. The guideline value of Ganapathy Nagar 2nd Street is below this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total to Rs 1,58,400. Please note that the 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 2nd Street?

The Ganapathy Nagar 2nd Street falls under the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

When you buy or sell property in Anakaputhur, the guideline value is an important factor used during the registration process. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

The guideline value helps in determining the minimum value at which a property can be registered, thereby protecting the interests of both buyers and sellers. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Ganapathy Nagar 2nd Street?

The current guideline value for Ganapathy Nagar 2nd 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 increased from Rs 1,072 per sq.ft in 2017 to Rs 1,760 per sq.ft in 2024, reflecting a 64% increase overall. The value was Rs 1,600 per sq.ft in 2023.

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

The registration office for Ganapathy Nagar 2nd Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the stamp duty for property in Ganapathy Nagar 2nd Street?

The stamp duty for property in Ganapathy Nagar 2nd Street is calculated at 7% of the guideline value. For example, a property valued at Rs 17,60,000 would incur a stamp duty of Rs 1,23,200.

What does the guideline value indicate?

The guideline value indicates the minimum value at which a property can be registered. It is used to calculate stamp duty and registration fees during property transactions in Anakaputhur.