Guideline Value for Ganesh Nagar Extn

Ganesh Nagar Extn guideline value

The current guideline value of Ganesh Nagar Extn is Rs 1,500 per sq.ft as per the 2023 revision. This area falls under Ayyencheri village and is classified as Residential Special Type - II. The relevant Sub Registrar Office for this location is the Gooduvancheri SRO.

How the guideline value of Ganesh Nagar Extn has changed

Over the years, the guideline value of Ganesh Nagar Extn has undergone several revisions. In the 2007 revision, the guideline value was Rs 370 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in the 2012 revision, marking a substantial rise of 305%. However, in the 2017 revision, the value decreased to Rs 1,005 per sq.ft, reflecting a drop of 33%. The most recent revision in 2023 saw the guideline value return to Rs 1,500 per sq.ft, resulting in an overall increase of 49% from the 2017 figure.

It is important to note that there are no figures available in the register for the years 2002, 2003, and 2024 for this street.

Guideline values in Ayyencheri

Currently, there are no specific village figures provided for Ayyencheri. However, Ganesh Nagar Extn has seen various changes in its guideline value over the years. There are no other streets in Ayyencheri listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Ganesh Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty, charged at 7%, would be Rs 1,05,000, while the registration fee at 2% would be Rs 30,000. Together, the total cost for stamp duty and registration fee would be Rs 1,35,000. It is essential to 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 information.

Which Sub Registrar Office covers Ganesh Nagar Extn?

The Ganesh Nagar Extn area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

When buying or selling property in Ayyencheri, the guideline value plays a crucial role during the registration process. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

Buyers and sellers must ensure that the transaction value is aligned with the guideline value, as the duty is charged on the higher of the guideline value or the sale price. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ganesh Nagar Extn?

The current guideline value of Ganesh Nagar Extn is Rs 1,500 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 370 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and returned to Rs 1,500 per sq.ft in 2023.

What is the stamp duty rate for properties in Ganesh Nagar Extn?

The stamp duty rate for properties in Ganesh Nagar Extn is 7% of the guideline value or the sale price, whichever is higher.

Where is the Gooduvancheri SRO located?

The Gooduvancheri SRO is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Is there a guideline value for Ganesh Nagar Extn in 2024?

No, the register does not have a figure for the guideline value of Ganesh Nagar Extn for the year 2024.