Guideline Value for Ganesh Nagar 10th Street

Ganesh Nagar 10th Street guideline value

The current guideline value of Ganesh Nagar 10th Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village, under the Velacheri SRO. The land classification for this area is Residential Class I Type - III.

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

The guideline value register for Ganesh Nagar 10th Street has no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 2,750 per sq.ft.

In the 2024 revision, the guideline value was set at Rs 2,750 per sq.ft. There have been no changes between the revisions for this street.

Guideline values in Madipakkam-1

In Madipakkam-1, there are a total of 1,823 streets under the Velacheri SRO, with guideline values ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,750 per sq.ft, which is equal to the 2024 figure for Ganesh Nagar 10th Street.

• Ganesh Nagar 1st Cross Street: Rs 2,750 per sq.ft (2024)
• Ganesh Nagar 1st Street: Rs 2,750 per sq.ft (2024)
• Ganesh Nagar 2nd Street: Rs 2,750 per sq.ft (2024)
• Ganesh Nagar 3rd Cross Street: Rs 2,750 per sq.ft (2024)
• Ganesh Nagar 3rd Street: Rs 2,750 per sq.ft (2024)
• Ganesh Nagar 3rd Street 1st Lane: Rs 2,750 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. It is important to note that 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 more information.

Which Sub Registrar Office covers Ganesh Nagar 10th Street?

The Ganesh Nagar 10th Street falls under the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is a crucial factor during the registration of property transactions in Madipakkam-1. It serves as a benchmark for calculating 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 is compared with the sale price, and the higher of the two is used to determine the applicable duties and fees. This ensures that the transaction is recorded accurately and complies with local regulations.

Frequently asked questions

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

The current guideline value of Ganesh Nagar 10th Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There are no figures available for Ganesh Nagar 10th Street in the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 2,750 per sq.ft.

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

The land classification for Ganesh Nagar 10th Street is Residential Class I Type - III.

Where can I find the Velacheri Sub Registrar Office?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is stamp duty calculated for properties in Ganesh Nagar 10th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000.