Guideline Value for Ganapathy Nagar 3rd Street

Ganapathy Nagar 3rd Street guideline value

The current guideline value of Ganapathy Nagar 3rd 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 it falls under the Residential Class II Type - I land classification.

How the guideline value of Ganapathy Nagar 3rd Street has changed

The guideline value for Ganapathy Nagar 3rd Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,072 per sq.ft, which increased to Rs 1,600 per sq.ft in the 2023 revision. The latest revision in 2024 raised the guideline value to Rs 1,760 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 64%.

There are no figures available in the register for the years 2002, 2003, 2007, and 2012 for this street. The changes from 2017 to 2023 show a significant increase of 49%, highlighting the upward trend in the guideline value over the years.

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. The median guideline value for these streets is Rs 1,980 per sq.ft, placing the 2024 guideline value of Ganapathy Nagar 3rd Street below this median.

• Ganapathy Nagar 2nd 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 3rd 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 cost for these fees to Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator to estimate your fees accurately.

Which Sub Registrar Office covers Ganapathy Nagar 3rd Street?

The Ganapathy Nagar 3rd Street falls under the jurisdiction of 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 information.

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

The guideline value plays a crucial role during property transactions in Anakaputhur. It is the minimum value set by the government for property registration, ensuring that the property is registered at a fair value, which helps in calculating the stamp duty and registration fees.

When buying or selling property, the guideline value is used to determine the applicable fees. If the sale price of the property is higher than the guideline value, the stamp duty will be calculated based on the sale price instead.

Frequently asked questions

What is the current guideline value of Ganapathy Nagar 3rd Street?

The current guideline value of Ganapathy Nagar 3rd Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

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

What is the median guideline value for streets in Anakaputhur?

The median guideline value for the 501 streets in Anakaputhur under the Pammal SRO is Rs 1,980 per sq.ft, which is higher than the guideline value of Ganapathy Nagar 3rd Street.

What are the stamp duty and registration fees for properties in Ganapathy Nagar 3rd Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,23,200, and the registration fee would be Rs 35,200, totaling Rs 1,58,400.

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.