Guideline Value for Ganapathy Road

Ganapathy Road guideline value

The current guideline value of Ganapathy Road in Perungalathur village is Rs 2,640 per sq.ft, effective from 1 July 2024. This street falls under the Padappai SRO and is classified as Residential Class I Type - I.

How the guideline value of Ganapathy Road has changed

The guideline value for Ganapathy Road has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 250 per sq.ft. This value increased significantly to Rs 2,400 per sq.ft in 2012, marking an increase of 860%. However, it then decreased to Rs 1,608 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 2,400 per sq.ft in 2023, and then to the current Rs 2,640 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 956%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that have a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft, with a median value of Rs 2,310 per sq.ft. The guideline value of Ganapathy Road is above this median.

• Gandhi Nagar: Rs 3,960 per sq.ft (2024)
• Gandhi Nagar Extension: Rs 3,960 per sq.ft (2024)
• FCI Nagar I to V: Rs 2,640 per sq.ft (2024)
• FCI Nagar: Rs 2,640 per sq.ft (2024)
• Gandhi Road: Rs 2,310 per sq.ft (2024)
• Gandhi Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Ganapathy Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,640 per sq.ft, the total guideline value would be Rs 26,40,000. The stamp duty at 7% would amount to Rs 1,84,800, and the registration fee at 2% would be Rs 52,800, bringing the total to Rs 2,37,600. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ganapathy Road?

The Ganapathy Road falls under the Padappai Sub Registrar Office located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is crucial during the registration of property transactions in Perungalathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these amounts are calculated based on the official rates set by the government.

When buying or selling property, it is essential to consider the guideline value, as it impacts the overall cost of the transaction. Buyers should be aware that the stamp duty is calculated on the higher of the guideline value or the sale price, which can significantly affect the total expenses involved in the property transaction.

Frequently asked questions

What is the current guideline value of Ganapathy Road?

The current guideline value of Ganapathy Road is Rs 2,640 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 2,640 per sq.ft in 2024, indicating a significant increase over the years.

What is the stamp duty rate for property in Ganapathy Road?

The stamp duty rate for property transactions in Ganapathy Road is 7% of the guideline value or the sale price, whichever is higher.

Where is the Padappai Sub Registrar Office located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What are other streets in Perungalathur with their guideline values?

Other streets in Perungalathur include Gandhi Nagar and Gandhi Nagar Extension at Rs 3,960 per sq.ft, FCI Nagar I to V and FCI Nagar at Rs 2,640 per sq.ft, Gandhi Road at Rs 2,310 per sq.ft, and Gandhi Street at Rs 1,980 per sq.ft.