Guideline Value for Ganesh Nagar Extension (near Bus Stand Kaliamman Koil Street)

Ganesh Nagar Extension (near Bus Stand Kaliamman Koil Street) guideline value

The current guideline value of Ganesh Nagar Extension (near Bus Stand Kaliamman Koil Street) is Rs 4,400 per sq.ft, effective from 1 July 2024. This property is located in Koyakbedu village and falls under the AnnaNagar SRO, classified as Residential Class I Type - II.

How the guideline value of Ganesh Nagar Extension (near Bus Stand Kaliamman Koil Street) has changed

The guideline value for Ganesh Nagar Extension has seen several revisions over the years. In 2007, the guideline value was Rs 2,600 per sq.ft. This increased to Rs 4,000 per sq.ft in 2012, marking a significant rise of 54%. However, it then dropped to Rs 2,680 per sq.ft in 2017, a decrease of 33%. The value rebounded to Rs 4,000 per sq.ft in 2023, and as of the latest revision in 2024, it stands at Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 69%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Koyakbedu

Koyakbedu village has a total of 270 streets under the AnnaNagar SRO, with 2024 guideline values ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, which is the same as the current value for Ganesh Nagar Extension.

• Gandhi Street: Rs 3,300 per sq.ft (2024)
• G Block 2nd Street 10th Main Road: Rs 15,900 per sq.ft (2024)
• E.V.R. Periyar Street: Rs 3,300 per sq.ft (2024)
• Govind Garden: Rs 3,300 per sq.ft (2024)
• Engineer Sampath Garden: Rs 3,300 per sq.ft (2024)
• Elangovadikal Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Ganesh Nagar Extension (near Bus Stand Kaliamman Koil Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. Please note that the 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 details.

Which Sub Registrar Office covers Ganesh Nagar Extension (near Bus Stand Kaliamman Koil Street)?

The Ganesh Nagar Extension (near Bus Stand Kaliamman Koil Street) falls under the jurisdiction of the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for further assistance.

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

The guideline value is a critical factor in the registration process when buying or selling property in Koyakbedu. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the authorities will assess the guideline value to ensure that the correct fees are collected. It is essential for buyers and sellers to be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Ganesh Nagar Extension?

The current guideline value for Ganesh Nagar Extension (near Bus Stand Kaliamman Koil Street) is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly over the years, from Rs 2,600 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 69%.

What are the other streets in Koyakbedu and their guideline values?

Other streets in Koyakbedu include Gandhi Street at Rs 3,300 per sq.ft, G Block 2nd Street 10th Main Road at Rs 15,900 per sq.ft, and several others at Rs 3,300 per sq.ft.

Where is the AnnaNagar Sub Registrar Office located?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is the stamp duty calculated for properties in Ganesh Nagar Extension?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a plot valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000.