Guideline Value for Ganesh Street 1st Cross Street

Ganesh Street 1st Cross Street guideline value

The current guideline value of Ganesh Street 1st Cross Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Menambedu village, under the Ambattur SRO, and is classified as Residential Special Type - I.

How the guideline value of Ganesh Street 1st Cross Street has changed

The guideline value for Ganesh Street 1st Cross Street has seen several revisions over the years. In 2012, the value was set at Rs 1,600 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped significantly to Rs 1,072 per sq.ft. The next revision in 2023 brought the value back up to Rs 1,600 per sq.ft, and the most recent revision in 2024 set it at Rs 1,700 per sq.ft.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased by 49%. The change from 2023 to 2024 reflects a 6% increase in the guideline value. Overall, from 2012 to 2024, there has been a 6% increase in the guideline value.

Guideline values in Menambedu

In Menambedu village, there are 171 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 6,680 per sq.ft. The median guideline value for these streets is Rs 1,003 per sq.ft, making the 2024 figure for Ganesh Street 1st Cross Street above that median.

• Ganesh Street 1st Avenue: Rs 1,700 per sq.ft (2024)
• Ganesh Street 2nd Main Street: Rs 1,700 per sq.ft (2024)
• Ganesh Street 5th Cross Road: Rs 1,700 per sq.ft (2024)
• Ganesh Street 6th Cross Road: Rs 1,700 per sq.ft (2024)
• Ganesh Street: Rs 1,700 per sq.ft (2024)
• Ganesh Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Ganesh Street 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, making the total charges Rs 1,53,000. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ganesh Street 1st Cross Street?

The Ganesh Street 1st Cross Street falls under the jurisdiction of the Ambattur Sub Registrar Office. The office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

You can find your SRO for more details.

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

When buying or selling property in Menambedu, the guideline value plays a crucial role in determining the registration fees and stamp duty payable. The guideline value is set by the Registration Department and is used to calculate the applicable charges during the registration process.

It is essential to be aware that the guideline value may differ from the actual sale price of the property. Therefore, buyers and sellers should ensure they are informed about the current guideline values to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Ganesh Street 1st Cross Street?

The current guideline value of Ganesh Street 1st Cross Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, then back to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

What is the land classification for Ganesh Street 1st Cross Street?

Ganesh Street 1st Cross Street is classified as Residential Special Type - I.

What other streets in Menambedu have the same guideline value?

Other streets in Menambedu with the same guideline value of Rs 1,700 per sq.ft include Ganesh Street 1st Avenue, Ganesh Street 2nd Main Street, Ganesh Street 5th Cross Road, and Ganesh Street 6th Cross Road.

Where can I find more information about the Sub Registrar Office?

The Ambattur Sub Registrar Office covers Ganesh Street 1st Cross Street. You can find more information about this office and its services online.