Guideline Value for Ganesh Avenue 10th Street

Ganesh Avenue 10th Street guideline value

The current guideline value of Ganesh Avenue 10th Street is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Porur village, under the Kunrathur SRO, and is classified as Residential Special Type - II.

How the guideline value of Ganesh Avenue 10th Street has changed

Over the years, the guideline value for Ganesh Avenue 10th Street has seen several revisions. The 2012 revision recorded a guideline value of Rs 3,200 per sq.ft. This figure was then reduced to Rs 2,144 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value increased significantly to Rs 3,200 per sq.ft in the 2023 revision, and further rose to Rs 3,520 per sq.ft in the 2024 revision, representing a 10% increase from the previous year.

From the 2017 revision to 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that the revisions for the years 2002, 2003, and 2007 do not have figures recorded for this street.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median guideline value for these streets is Rs 3,960 per sq.ft, placing Ganesh Avenue 10th Street's 2024 figure below this median.

• Ganesh Avenue 1st Street: Rs 3,520 per sq.ft (2024)
• Ganesh Avenue 2nd Street: Rs 3,520 per sq.ft (2024)
• Ganesh Avenue 3rd Street: Rs 3,520 per sq.ft (2024)
• Ganesh Avenue 4th Street: Rs 3,520 per sq.ft (2024)
• Ganesh Avenue 5th Street: Rs 3,520 per sq.ft (2024)
• Ganesh Avenue 6th Street: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Ganesh Avenue 10th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be Rs 35,20,000. The stamp duty at 7% would amount to Rs 2,46,400, while the registration fee at 2% would be Rs 70,400. Together, the total cost for these fees would be Rs 3,16,800. 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 further calculations.

Which Sub Registrar Office covers Ganesh Avenue 10th Street?

The Ganesh Avenue 10th Street falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Porur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, which can significantly affect the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Ganesh Avenue 10th Street?

The current guideline value of Ganesh Avenue 10th Street is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,200 per sq.ft in 2012 to Rs 2,144 per sq.ft in 2017, then increased to Rs 3,200 per sq.ft in 2023, and finally to Rs 3,520 per sq.ft in 2024.

What is the land classification for Ganesh Avenue 10th Street?

Ganesh Avenue 10th Street is classified as Residential Special Type - II, indicating its zoning for residential purposes.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 35,20,000, the stamp duty at 7% would be Rs 2,46,400.