Guideline Value for Ganesh Avenue 5th Street

Ganesh Avenue 5th Street guideline value

The current guideline value of Ganesh Avenue 5th Street is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Porur village under the Kunrathur SRO, classified as Residential Special Type - II.

How the guideline value of Ganesh Avenue 5th Street has changed

In the 2012 revision, the guideline value was Rs 3,200 per sq.ft. This figure decreased to Rs 2,144 per sq.ft in the 2017 revision, reflecting a decline of 33%. However, the value saw a significant increase to Rs 3,200 per sq.ft in the 2023 revision, marking a rise of 49% from the 2017 figure. The current revision in 2024 brought the guideline value up to Rs 3,520 per sq.ft, which is a 10% increase from the previous year.

The register has no figure for Ganesh Avenue 5th Street for the years 2002, 2003, and 2007.

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 5th Street's current value below this median.

• Ganesh Avenue 4th Street: Rs 3,520 per sq.ft (2024)
• Ganesh Avenue 6th Street: Rs 3,520 per sq.ft (2024)
• Ganesh Avenue 3rd Street: Rs 3,520 per sq.ft (2024)
• Ganesh Avenue 7th Street: Rs 3,520 per sq.ft (2024)
• Ganesh Avenue 2nd Street: Rs 3,520 per sq.ft (2024)
• Ganesh Avenue 8th Street 1st Lane: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Ganesh Avenue 5th 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, and the registration fee at 2% would be Rs 70,400, bringing the total cost to Rs 3,16,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ganesh Avenue 5th Street?

The Ganesh Avenue 5th Street falls under 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 an essential factor in property transactions in Porur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ganesh Avenue 5th Street?

The current guideline value of Ganesh Avenue 5th 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 is now Rs 3,520 per sq.ft in 2024.

What is the range of guideline values in Porur?

The guideline values in Porur range from Rs 2,860 to Rs 6,380 per sq.ft, with a median value of Rs 3,960 per sq.ft.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 35,20,000, the total fees would be Rs 3,16,800.

Which office handles registrations for Ganesh Avenue 5th Street?

The Kunrathur Sub Registrar Office handles registrations for Ganesh Avenue 5th Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.