Guideline Value for Ganapathy Sachidhanandhapuram

Ganapathy Sachidhanandhapuram guideline value

The current guideline value of Ganapathy Sachidhanandhapuram is Rs 3,850 per sq.ft, effective from 1 July 2024. This area is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - III.

How the guideline value of Ganapathy Sachidhanandhapuram has changed

The guideline value for Ganapathy Sachidhanandhapuram has undergone several revisions over the years. In 2007, the guideline value was Rs 1,500 per sq.ft, which increased to Rs 3,500 per sq.ft in 2012, marking a significant rise of 133%. However, in 2017, the value decreased to Rs 2,345 per sq.ft, reflecting a decline of 33%. The most recent revision in 2024 set the guideline value at Rs 3,850 per sq.ft, representing an increase of 64% from the 2017 figure.

Overall, from 2007 to 2024, the guideline value has increased by 157%. It is important to note that there are no figures available for the years 2023, 2003, and 2002 for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO, with guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value in this area is Rs 4,400 per sq.ft, placing Ganapathy Sachidhanandhapuram's 2024 figure below this median.

• Ganapathy Sachidhanandhapuram 1st Street: Rs 3,850 per sq.ft (2024)
• Ganapathy Sachidhanandhapuram 2nd Street: Rs 3,850 per sq.ft (2024)
• Ganapathy Nagar, Marudhupandi Street: Rs 4,400 per sq.ft (2024)
• 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 Nagar 1st Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Ganapathy Sachidhanandhapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total fees together to Rs 3,46,500. 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 detailed calculations.

Which Sub Registrar Office covers Ganapathy Sachidhanandhapuram?

The Ganapathy Sachidhanandhapuram area falls under 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 is a critical factor when registering property transactions in Velachery. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property in the context of the local real estate market. This ensures transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Ganapathy Sachidhanandhapuram?

The current guideline value of Ganapathy Sachidhanandhapuram is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, reflecting an overall increase of 157% over this period.

What are the other streets in Velachery with similar guideline values?

Other streets in Velachery with guideline values of Rs 3,850 per sq.ft in 2024 include Ganapathy Sachidhanandhapuram 1st Street and Ganapathy Sachidhanandhapuram 2nd Street.

What is the registration fee for property in Ganapathy Sachidhanandhapuram?

The registration fee for property in Ganapathy Sachidhanandhapuram is calculated based on the guideline value. For example, for a property valued at Rs 38,50,000, the registration fee would be Rs 77,000 at a rate of 2%.

Where can I find the Sub Registrar Office for Ganapathy Sachidhanandhapuram?

The Sub Registrar Office covering Ganapathy Sachidhanandhapuram is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.