Guideline Value for Ganesh Nagar 4th Street

Ganesh Nagar 4th Street guideline value

The current guideline value of Ganesh Nagar 4th Street is Rs 2,900 per sq.ft. This street is located in Selaiyur village, under the Selaiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of Ganesh Nagar 4th Street has changed

The guideline value for Ganesh Nagar 4th Street has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 600 per sq.ft. This increased significantly to Rs 2,700 per sq.ft in 2012, marking a 350% rise. However, in 2017, the value dropped to Rs 1,809 per sq.ft, reflecting a decrease of 33%. The 2023 revision brought the value back up to Rs 2,700 per sq.ft, and the latest revision in 2024 set it at Rs 2,900 per sq.ft, which is a 7% increase from the previous year.

From the 2017 revision to 2023, there was a substantial increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 383%. It is worth noting that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 6,500 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, placing Ganesh Nagar 4th Street above this median.

• Ganesh Nagar 3rd Street: Rs 2,900 per sq.ft (2024)
• Ganesh Nagar 2nd Street: Rs 2,900 per sq.ft (2024)
• Ganesh Nagar 1st Street: Rs 2,900 per sq.ft (2024)
• Ganesh Nagar Main Road: Rs 2,900 per sq.ft (2024)
• Ganesh Nagar Silapathikaram Street: Rs 2,900 per sq.ft (2024)
• Ganesh Nagar: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Ganesh Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,900 per sq.ft, the total guideline value would be Rs 29,00,000. The stamp duty at 7% would amount to Rs 2,03,000, and the registration fee at 2% would be Rs 58,000, bringing the total to Rs 2,61,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ganesh Nagar 4th Street?

The Sub Registrar Office that covers Ganesh Nagar 4th Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process of property transactions in Selaiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that both buyers and sellers are aware of the official value of the property.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This helps in maintaining transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Ganesh Nagar 4th Street?

The current guideline value of Ganesh Nagar 4th Street is Rs 2,900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 600 per sq.ft in 2007 to Rs 2,900 per sq.ft in 2024, marking an overall increase of 383% over the years.

What is the median guideline value in Selaiyur?

The median guideline value in Selaiyur is Rs 2,200 per sq.ft, with Ganesh Nagar 4th Street's value being above this median.

What are the stamp duty and registration fees for properties in Ganesh Nagar 4th Street?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 2,61,000.

Where is the Sub Registrar Office for Ganesh Nagar 4th Street located?

The Sub Registrar Office for Ganesh Nagar 4th Street is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.