Guideline Value for Ganesh Avenue 9th Street

Ganesh Avenue 9th Street guideline value

The current guideline value of Ganesh Avenue 9th 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 it falls under the land classification of Residential Special Type - II.

How the guideline value of Ganesh Avenue 9th Street has changed

In the 2012 revision, the guideline value was Rs 3,200 per sq.ft. This figure was then revised to Rs 2,144 per sq.ft in 2017, marking a decrease of 33%. Following this, the value increased significantly to Rs 3,200 per sq.ft in 2023, and then to Rs 3,520 per sq.ft in 2024, which is an increase of 10% from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, the guideline value increased by 49%, and overall, from 2012 to 2024, there has been a 10% increase. The current value of Rs 3,520 per sq.ft reflects these changes over the years.

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, which means that Ganesh Avenue 9th Street's current guideline value is below this median.

• Ganesh Avenue 8th Street 2nd Lane: Rs 3,520 per sq.ft (2024)
• Ganesh Avenue Main Road: Rs 3,520 per sq.ft (2024)
• Ganesh Avenue 8th Street 1st Lane: Rs 3,520 per sq.ft (2024)
• Ganesh Avenue & Nagar: Rs 3,520 per sq.ft (2024)
• Ganesh Avenue 7th 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 9th 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 to Rs 3,16,800. Duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ganesh Avenue 9th Street?

The Ganesh Avenue 9th Street is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Porur. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring that the registration process adheres to government regulations.

When a buyer or seller approaches the registration office, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Ganesh Avenue 9th Street?

The current guideline value of Ganesh Avenue 9th 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 seen several revisions, with the most recent being Rs 3,520 per sq.ft in 2024, up from Rs 3,200 per sq.ft in 2023, and Rs 2,144 per sq.ft in 2017.

What is the land classification for Ganesh Avenue 9th Street?

Ganesh Avenue 9th Street is classified as Residential Special Type - II, which is significant for determining its guideline value.

What are the stamp duty rates applicable?

The stamp duty rate is 7% on the guideline value or sale price, whichever is higher. This is calculated based on the total guideline value of the property.

Where can I find the Sub Registrar Office for Ganesh Avenue 9th Street?

The Kunrathur Sub Registrar Office covers Ganesh Avenue 9th Street and is located at No.59, Road Street, Kundrathur, Chennai -600 069.