Guideline Value for Ganesh Nagar Main Road

Ganesh Nagar Main Road guideline value

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

How the guideline value of Ganesh Nagar Main Road has changed

The guideline value for Ganesh Nagar Main Road has undergone several revisions over the years. The earliest available figure is from 2012, where the value was Rs 2,500 per sq.ft. This was followed by a decrease to Rs 1,675 per sq.ft in 2017, marking a decline of 33%. In 2023, the value increased to Rs 2,500 per sq.ft, and then further rose to Rs 2,700 per sq.ft in 2024, reflecting an 8% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 8%.

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 value is Rs 2,150 per sq.ft, placing Ganesh Nagar Main Road's 2024 figure above this median.

• Ganesh Nagar Nethaji Street: Rs 2,700 per sq.ft (2024)
• Ganesh Nagar Rajaji Street: Rs 2,700 per sq.ft (2024)
• Ganesh Nagar Cheran 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 Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total fees 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 also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ganesh Nagar Main Road?

The Ganesh Nagar Main Road 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. To find your specific SRO, click here.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Rajakilpakkam. It serves as the benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded accurately. This helps maintain transparency in property dealings and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ganesh Nagar Main Road?

The current guideline value of Ganesh Nagar Main Road 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 back 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 for Ganesh Nagar Main Road?

Ganesh Nagar Main Road is classified as Residential Special Type - I.

What are the other streets with the same guideline value in Rajakilpakkam?

Other streets in Rajakilpakkam, such as Ganesh Nagar Nethaji Street, Ganesh Nagar Rajaji Street, Ganesh Nagar Cheran Street, and Ganesh Nagar Thiruvalluvar Street, all share the same guideline value of Rs 2,700 per sq.ft for 2024.

Where is the Selaiyur Sub Registrar Office located?

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