Guideline Value for Ganashpriyan Avenue

Ganashpriyan Avenue guideline value

The current guideline value of Ganashpriyan Avenue is Rs 2,160 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village and falls under the Pallavaram SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Ganashpriyan Avenue has changed

The guideline value of Ganashpriyan Avenue has seen several revisions over the years. In 2003, the guideline value was set at Rs 148 per sq.ft. This figure increased significantly to Rs 600 per sq.ft in 2007, marking a change of +305%. The value then rose to Rs 2,000 per sq.ft in 2012, reflecting a substantial increase of +233%. However, it decreased to Rs 1,340 per sq.ft in 2017, showing a decline of -33%. The value further increased to Rs 2,000 per sq.ft in 2023, and then to the current rate of Rs 2,160 per sq.ft in 2024, which is an increase of +8%.

There is no figure available for the 2002 revision in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by +1359%.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value for the village is Rs 3,300 per sq.ft, placing Ganashpriyan Avenue's 2024 figure below that median.

• Gandhiamman Koil Street: Rs 2,160 per sq.ft (2024)
• Ganapathypuram Extention 2nd Cross Street: Rs 3,850 per sq.ft (2024)
• Gandhi Nagar: Rs 3,300 per sq.ft (2024)
• Gandhi Nagar 1 To 3 Streets: Rs 3,300 per sq.ft (2024)
• Ganapathipuram Main Road: Rs 3,850 per sq.ft (2024)
• Ganapathi Nagar: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Ganashpriyan Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,160 per sq.ft, the total guideline value amounts to Rs 21,60,000. The stamp duty at 7% would be Rs 1,51,200, and the registration fee at 2% would be Rs 43,200, resulting in a total of Rs 1,94,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ganashpriyan Avenue?

The Sub Registrar Office that covers Ganashpriyan Avenue is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Zaminpallavaram. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When a property transaction occurs, the guideline value ensures that the government receives appropriate revenue through taxes. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ganashpriyan Avenue?

The current guideline value of Ganashpriyan Avenue is Rs 2,160 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 148 per sq.ft in 2003 to Rs 2,160 per sq.ft in 2024, marking an overall increase of +1359%.

What is the stamp duty for property in Ganashpriyan Avenue?

The stamp duty for a property at the current guideline value is 7% of the guideline value, which is Rs 1,51,200 for a 1,000 sq.ft plot.

Where is the Sub Registrar Office for Ganashpriyan Avenue located?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What other streets have guideline values in Zaminpallavaram?

Other streets in Zaminpallavaram include Gandhiamman Koil Street, Ganapathypuram Extention 2nd Cross Street, Gandhi Nagar, and Ganapathi Nagar, with values ranging from Rs 2,160 to Rs 3,850 per sq.ft in 2024.