Guideline Value for Ganapathy nagar

Ganapathy nagar guideline value

The current guideline value of Ganapathy nagar is Rs 1,760 per sq.ft, effective from 1 July 2024. This area is located in Kunrathour-A village, under the Kunrathur SRO, and is classified as Mixed Special Type - III.

How the guideline value of Ganapathy nagar has changed

Since the 2017 revision, the guideline value has seen significant changes. The value was Rs 1,072 per sq.ft in 2017, which increased to Rs 1,600 per sq.ft in 2023, marking a 49% rise. With the latest revision in 2024, the guideline value has further increased to Rs 1,760 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Kunrathour-A

In Kunrathour-A, there are 45 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,210 to Rs 5,123 per sq.ft. The median value is Rs 1,760 per sq.ft, which is equal to the guideline value of Ganapathy nagar.

• Jaganathapuram Main Road: Rs 1,430 per sq.ft (2024)
• Jaganathapuram Sekkizhar Nagar 1st Street: Rs 1,430 per sq.ft (2024)
• Jaganathapuram Sekkizhar Nagar 3rd Street: Rs 1,430 per sq.ft (2024)
• Kathiravan Avenue & Annex: Rs 1,430 per sq.ft (2024)
• Metro Grand City Extension: Rs 5,123 per sq.ft (2024)
• Murugan Nagar: Rs 1,760 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 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, making the total cost for these fees Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ganapathy nagar?

The Ganapathy nagar area falls under the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find your specific SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Kunrathour-A

The guideline value plays a crucial role during the registration of property transactions in Kunrathour-A. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded accurately. This helps in maintaining transparency and consistency in property transactions within the area.

Frequently asked questions

What is the current guideline value of Ganapathy nagar?

The current guideline value of Ganapathy nagar is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,072 per sq.ft to Rs 1,760 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What are the other streets in Kunrathour-A?

Other streets in Kunrathour-A include Jaganathapuram Main Road, Jaganathapuram Sekkizhar Nagar 1st Street, and Metro Grand City Extension, among others, with values ranging from Rs 1,430 to Rs 5,123 per sq.ft in 2024.

What fees are associated with buying property in Ganapathy nagar?

When buying property in Ganapathy nagar, buyers need to pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Ganapathy nagar is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more information through the provided link.