Guideline Value for Ganesh Nagar / Sri Ganesh Nagar

Ganesh Nagar / Sri Ganesh Nagar guideline value

The current guideline value of Ganesh Nagar / Sri Ganesh Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Kolathur village and falls under the Sembiam SRO, classified as Residential Class I Type - I.

How the guideline value of Ganesh Nagar / Sri Ganesh Nagar has changed

The guideline value for Ganesh Nagar / Sri Ganesh Nagar has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 1,000 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012. However, it then decreased to Rs 2,010 per sq.ft in 2017. The most recent revisions show an increase to Rs 3,000 per sq.ft in 2023, followed by a further increase to Rs 3,300 per sq.ft in 2024.

Between the revisions, the value increased by 200% from 2007 to 2012, decreased by 33% from 2012 to 2017, and increased by 49% from 2017 to 2023. The latest change from 2023 to 2024 reflects a 10% increase. Overall, from 2007 to 2024, the guideline value has increased by 230%.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO, with guideline values ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median value is Rs 3,300 per sq.ft, which is equal to the current guideline value for Ganesh Nagar / Sri Ganesh Nagar.

• Ganesh Nagar (G.J.V.): Rs 3,300 per sq.ft (2024)
• Ganes Nagar Extension: Rs 3,300 per sq.ft (2024)
• Ganga Devi Nagar: Rs 3,300 per sq.ft (2024)
• Gangai Amman Koil Street: Rs 2,700 per sq.ft (2024)
• Ganesa Nagar: Rs 3,300 per sq.ft (2024)
• Gandhi Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Ganesh Nagar / Sri Ganesh Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% is Rs 2,31,000, and the registration fee at 2% is Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ganesh Nagar / Sri Ganesh Nagar?

The Ganesh Nagar / Sri Ganesh Nagar area is covered by the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Kolathur. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value serves as a benchmark for assessing the value of the property. Buyers and sellers should be aware that the registration fees are calculated based on this guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Ganesh Nagar / Sri Ganesh Nagar?

The current guideline value of Ganesh Nagar / Sri Ganesh Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 230% over the years.

What are the registration fees for properties in Ganesh Nagar?

The registration fees for properties in Ganesh Nagar are calculated based on the guideline value, which is currently Rs 3,300 per sq.ft. For a 1,000 sq.ft plot, the total registration fees would be Rs 2,97,000.

Which office handles property registrations in Ganesh Nagar?

The Sembiam Sub Registrar Office handles property registrations for Ganesh Nagar / Sri Ganesh Nagar, located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is the guideline value determined for properties in Kolathur?

The guideline value for properties in Kolathur is determined based on various factors, including land classification and the values of surrounding streets. The current median value for the area is Rs 3,300 per sq.ft.