Guideline Value for Ganapathy Nayakkar Street

Ganapathy Nayakkar Street guideline value

The current guideline value of Ganapathy Nayakkar Street is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Porur village under the Kunrathur SRO, and it falls under the land classification of Mixed Special Type - I.

How the guideline value of Ganapathy Nayakkar Street has changed

In the 2012 revision, the guideline value was Rs 4,500 per sq.ft. This figure decreased to Rs 3,015 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 4,500 per sq.ft, representing a rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 4,950 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for Ganapathy Nayakkar Street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Porur

In Porur village, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft, with a median value of Rs 3,960 per sq.ft. The guideline value of Ganapathy Nayakkar Street is above this median.

• Ganapathy Nagar Main Road: Rs 4,950 per sq.ft (2024)
• Ganapathy Nagar Iind Street: Rs 4,950 per sq.ft (2024)
• Ganapathy Nagar 1st Street: Rs 4,950 per sq.ft (2024)
• Ganapathy Nagar: Rs 4,950 per sq.ft (2024)
• Faith House Ist Street: Rs 3,960 per sq.ft (2024)
• Faith House II nd Street: Rs 3,960 per sq.ft (2024)

Stamp duty and registration fee for property in Ganapathy Nayakkar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value would be Rs 49,50,000. The stamp duty at 7% would amount to Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, bringing the total to Rs 4,45,500. 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 Nayakkar Street?

Ganapathy Nayakkar Street falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Porur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling a property, the guideline value helps both parties understand the official valuation of the property. It is essential to consider this value as it can influence the negotiation process and the final sale price.

Frequently asked questions

What is the current guideline value of Ganapathy Nayakkar Street?

The current guideline value of Ganapathy Nayakkar Street is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with a notable increase from Rs 3,015 per sq.ft in 2017 to Rs 4,950 per sq.ft in 2024. The value also decreased from Rs 4,500 per sq.ft in 2012 to Rs 3,015 per sq.ft in 2017.

What is the land classification for Ganapathy Nayakkar Street?

Ganapathy Nayakkar Street is classified as Mixed Special Type - I under the land classification system.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 49,50,000, the stamp duty would be Rs 3,46,500, and the registration fee would be Rs 99,000, totaling Rs 4,45,500.

Which office handles the registration for Ganapathy Nayakkar Street?

The Kunrathur Sub Registrar Office handles the registration for Ganapathy Nayakkar Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.