Guideline Value for Ganapathypuram

Ganapathypuram guideline value

The current guideline value of Ganapathypuram is Rs 2,001 per sq.ft, effective from 1 July 2024. This area is located in Gooduvancheri village, under the Gooduvancheri SRO, and is classified as Residential Special Type - II.

How the guideline value of Ganapathypuram has changed

In the 2017 revision, the guideline value was set at Rs 1,340 per sq.ft. This figure increased to Rs 2,000 per sq.ft in the 2023 revision, marking a 49% increase over the six-year period. The 2024 revision has maintained the value at Rs 2,001 per sq.ft, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median value is Rs 1,500 per sq.ft, and Ganapathypuram's 2024 figure is above this median.

• Gandhi Nagar 3rd Street: Rs 2,001 per sq.ft (2024)
• Ganapathi Nagar (S.No 38/5): Rs 1,500 per sq.ft (2024)
• Friends Avenue: Rs 1,200 per sq.ft (2024)
• Gandhi Street: Rs 2,001 per sq.ft (2024)
• Ganesh Nagar: Rs 1,200 per sq.ft (2024)
• E.V.K. Sampath Street: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Ganapathypuram

For a 1,000 sq.ft plot at the current guideline value of Rs 2,001 per sq.ft, the total guideline value amounts to Rs 20,01,000. The stamp duty at 7% would be Rs 1,40,070, and the registration fee at 2% would be Rs 40,020, making the total cost for these fees Rs 1,80,090. 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 accurate calculations based on your property details.

Which Sub Registrar Office covers Ganapathypuram?

The Ganapathypuram area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Gooduvancheri. It determines 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 worth of the property being exchanged. It is essential for buyers and sellers to be aware of the current guideline values to facilitate a smooth transaction.

Frequently asked questions

What is the current guideline value of Ganapathypuram?

The current guideline value of Ganapathypuram is Rs 2,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49%, from Rs 1,340 per sq.ft to Rs 2,001 per sq.ft in 2024.

What are the guideline values of other streets in Gooduvancheri?

Other streets in Gooduvancheri have varying guideline values, ranging from Rs 1,200 to Rs 2,001 per sq.ft, with the median being Rs 1,500 per sq.ft.

What fees are associated with property registration in Ganapathypuram?

When registering property in Ganapathypuram, the stamp duty is charged at 7%, and the registration fee is charged at 2% of the guideline value or sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

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