Guideline Value for Ganapathy Nagar, Marudhupandi Street,

Ganapathy Nagar, Marudhupandi Street, guideline value

The current guideline value of Ganapathy Nagar, Marudhupandi Street, is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village under the Velacheri SRO, and it falls under the Residential Class II Type - II land classification.

How the guideline value of Ganapathy Nagar, Marudhupandi Street, has changed

The guideline value for Ganapathy Nagar, Marudhupandi Street, has undergone several revisions over the years. The 2017 revision set the value at Rs 2,680 per sq.ft, which was then increased to Rs 4,400 per sq.ft in the 2024 revision, marking a significant change of +64% over this period. The register has no figure for this street in the years 2023, 2012, 2007, 2003, and 2002.

In summary, the guideline value has risen from Rs 2,680 per sq.ft in 2017 to Rs 4,400 per sq.ft in 2024. The absence of figures for the other years indicates that there were no recorded changes in the guideline value during those periods.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, which is the same as the current value for Ganapathy Nagar, Marudhupandi Street.

• Ganapathy Nagar II Street: Rs 4,400 per sq.ft (2024)
• Ganapathy Nagar Gangai Amman Kovil Street: Rs 13,200 per sq.ft (2024)
• Ganapathy Sachidhanandhapuram: Rs 3,850 per sq.ft (2024)
• Ganapathy Sachidhanandhapuram 1st Street: Rs 3,850 per sq.ft (2024)
• Ganapathy Sachidhanandhapuram 2nd Street: Rs 3,850 per sq.ft (2024)
• Ganapathy Nagar 1st Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Ganapathy Nagar, Marudhupandi Street,

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ganapathy Nagar, Marudhupandi Street,?

The Ganapathy Nagar, Marudhupandi Street, falls under the jurisdiction of the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

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

The guideline value serves as a benchmark for property transactions in Velachery. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are essential components of the registration process.

It is crucial for buyers and sellers to be aware of the guideline value, as it directly impacts the overall cost of property transactions. The registration process requires adherence to the stipulated fees based on the guideline value, ensuring transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ganapathy Nagar, Marudhupandi Street?

The current guideline value of Ganapathy Nagar, Marudhupandi Street, is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 2,680 per sq.ft to Rs 4,400 per sq.ft in 2024, representing a change of +64%.

Are there any years with no guideline value figures for this street?

Yes, the register has no figure for Ganapathy Nagar, Marudhupandi Street, in the years 2023, 2012, 2007, 2003, and 2002.

What is the registration office for Ganapathy Nagar, Marudhupandi Street?

The registration office for Ganapathy Nagar, Marudhupandi Street, is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is the stamp duty calculated for properties in this area?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 44,00,000, the stamp duty at 7% would be Rs 3,08,000.