Guideline Value for Ganapathy Nagar 9th Street

Ganapathy Nagar 9th Street guideline value

The current guideline value of Ganapathy Nagar 9th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village under the Virugambakkam SRO, classified as Residential Class V Type - I.

How the guideline value of Ganapathy Nagar 9th Street has changed

The guideline value for Ganapathy Nagar 9th Street has undergone several revisions over the years. Starting with the 2002 revision, the guideline value was Rs 74 per sq.ft. This increased to Rs 81 per sq.ft in 2003, marking a 9% rise. The value saw a significant jump to Rs 500 per sq.ft in 2007, which was a 517% increase. The 2012 revision saw a decrease to Rs 2,000 per sq.ft, reflecting a drop of 300% from the previous figure. In 2017, it again increased to Rs 1,340 per sq.ft, which was a 49% rise. The 2023 revision set the value at Rs 2,000 per sq.ft, and the most recent revision in 2024 has raised it to Rs 2,200 per sq.ft, a 10% increase.

There are no figures available for the revisions in years not listed. Overall, from 2002 to 2024, the guideline value has increased by 2873%.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,050 per sq.ft, with a median value of Rs 3,050 per sq.ft. Ganapathy Nagar 9th Street's 2024 guideline value is below this median.

• Ganapathy Nagar 8th Street: Rs 2,200 per sq.ft (2024)
• Ganapathy Nagar 7th Street: Rs 2,200 per sq.ft (2024)
• Ganapathy Nagar 6th Street: Rs 2,200 per sq.ft (2024)
• Ganapathy Nagar 5th Street: Rs 2,200 per sq.ft (2024)
• Ganapathy Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• Ganapathy Nagar 3rd Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ganapathy Nagar 9th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. 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 for more information.

Which Sub Registrar Office covers Ganapathy Nagar 9th Street?

The Ganapathy Nagar 9th Street is covered by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Maduravoyal. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property in the area.

When registering a property, the guideline value is considered, and the fees are calculated based on this value or the sale price, whichever is higher. This ensures that the registration process is standardized and transparent.

Frequently asked questions

What is the current guideline value of Ganapathy Nagar 9th Street?

The current guideline value of Ganapathy Nagar 9th Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 74 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 2873%.

What is the median guideline value in Maduravoyal?

The median guideline value in Maduravoyal is Rs 3,050 per sq.ft as of 2024, with Ganapathy Nagar 9th Street's value being below this median.

What are the stamp duty rates for property in Ganapathy Nagar 9th Street?

The stamp duty for property transactions in Ganapathy Nagar 9th Street is charged at 7% on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Ganapathy Nagar 9th Street located?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.