Guideline Value for Ganapathy Nagar

Ganapathy Nagar guideline value

The current guideline value of Ganapathy Nagar is Rs 1,500 per sq.ft, as per the 2023 revision. This area is located in Vandalur village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Ganapathy Nagar has changed

Over the years, the guideline value of Ganapathy Nagar has seen several revisions. The earliest recorded value is from 2007, when the guideline value was Rs 550 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in 2012, marking a rise of 173%. However, in 2017, the value dropped to Rs 1,005 per sq.ft, a decrease of 33%. The most recent revision in 2023 brought the guideline value back up to Rs 1,500 per sq.ft, representing a 49% increase from the 2017 figure.

Overall, from 2007 to 2023, the guideline value has increased by 173%. It is important to note that the register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Vandalur

Ganapathy Nagar is part of Vandalur, which currently has no specific village figures available. The street's guideline value sits at Rs 1,500 per sq.ft as of 2023.

Stamp duty and registration fee for property in Ganapathy Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. It is important to remember 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 Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, 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 Vandalur

The guideline value plays a crucial role in the registration process when buying or selling property in Vandalur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

Buyers and sellers should be aware that the guideline value is used to calculate the applicable duties, ensuring that the transaction is recorded accurately in accordance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Ganapathy Nagar?

The current guideline value of Ganapathy Nagar is Rs 1,500 per sq.ft, according to the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and finally returned to Rs 1,500 per sq.ft in 2023.

What is the land classification for Ganapathy Nagar?

Ganapathy Nagar is classified as Residential Special Type - I, which indicates its intended use for residential purposes.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Ganapathy Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 1,05,000.