Guideline Value for Ganesh Nagar Cheran Street

Ganesh Nagar Cheran Street guideline value

The current guideline value of Ganesh Nagar Cheran Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Rajakilpakkam village under the Selaiyur SRO, classified as Residential Special Type - I.

How the guideline value of Ganesh Nagar Cheran Street has changed

The guideline value for Ganesh Nagar Cheran Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision, marking a decrease of 33%. Subsequently, the value increased to Rs 2,500 per sq.ft in the 2023 revision, and finally, it rose to Rs 2,700 per sq.ft in the 2024 revision, reflecting an increase of 8% from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from the 2012 revision to the current 2024 figure, the guideline value has increased by 8%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 5,000 per sq.ft. The median guideline value for these streets is Rs 2,150 per sq.ft, positioning Ganesh Nagar Cheran Street above this median.

• Ganesh Nagar Main Road: Rs 2,700 per sq.ft (2024)
• Ganesh Nagar Nethaji Street: Rs 2,700 per sq.ft (2024)
• Ganesh Nagar Rajaji Street: Rs 2,700 per sq.ft (2024)
• Ganesh Nagar Thiruvalluvar Street: Rs 2,700 per sq.ft (2024)
• Ganesh Nagar: Rs 2,700 per sq.ft (2024)
• Gangaiamman Koil Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Ganesh Nagar Cheran Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total cost together to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ganesh Nagar Cheran Street?

The Ganesh Nagar Cheran Street falls under 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 Rajakilpakkam

The guideline value plays a crucial role in the registration process of property transactions in Rajakilpakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value is used to determine the official value of the property for registration purposes. This value is essential for both buyers and sellers to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Ganesh Nagar Cheran Street?

The current guideline value of Ganesh Nagar Cheran Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What is the land classification of Ganesh Nagar Cheran Street?

Ganesh Nagar Cheran Street is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Selaiyur Sub Registrar Office?

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

How is stamp duty calculated for properties in Rajakilpakkam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 27,00,000 would incur a stamp duty of Rs 1,89,000 at a rate of 7%.