Guideline Value for Ganapathy Nagar

Ganapathy Nagar guideline value

The current guideline value of Ganapathy Nagar, located in Kobarasanallur village under the Kunrathur SRO, is Rs 1,980 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Special Type - II.

How the guideline value of Ganapathy Nagar has changed

In the 2007 revision, the guideline value was Rs 300 per sq.ft. This figure saw a significant increase to Rs 1,800 per sq.ft in both the 2017 and 2023 revisions, indicating no change during those years. The most recent 2024 revision has raised the guideline value to Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 560%. Notably, there are no figures available for the years 2002, 2003, 2012 in the register for this street.

Guideline values in Kobarasanallur

Kobarasanallur village has 28 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 1,650 to Rs 4,180 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, which is the same as the current guideline value for Ganapathy Nagar.

• Harikanth Amara (Nagar): Rs 1,980 per sq.ft (2024)
• Bharathi Nagar: Rs 1,980 per sq.ft (2024)
• Bagyalakshmi Nagar: Rs 1,980 per sq.ft (2024)
• Kesar Nagar: Rs 3,285 per sq.ft (2024)
• KGT Nagar: Rs 1,980 per sq.ft (2024)
• Anandam Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Ganapathy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ganapathy Nagar?

The Sub Registrar Office that covers Ganapathy Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for buying or selling property in Kobarasanallur. It serves as the basis for calculating stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

When a property is sold, the guideline value is compared to the sale price. The higher of the two values is used to determine the applicable stamp duty and registration fees, which are mandatory for completing the transaction legally.

Frequently asked questions

What is the current guideline value of Ganapathy Nagar?

The current guideline value of Ganapathy Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,980 per sq.ft in 2024, reflecting a total increase of 560% over the years.

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

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600, and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which Sub Registrar Office covers Ganapathy Nagar?

The Kunrathur Sub Registrar Office covers Ganapathy Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification of Ganapathy Nagar?

The land classification of Ganapathy Nagar is Mixed Special Type - II, which is important for understanding the zoning and usage regulations in the area.