Guideline Value

Corporate

Guideline Value for Ganesh Nagar Main Street

₹1000/sq.ft.

The guideline value for Ganesh Nagar Main Street in Panchetty village (Redhills SRO, Chennai zone) is Rs 1000 per sq.ft, effective 1 July 2024. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Panchetty

Village

Redhills

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1000 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹700 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Ganesh Nagar Main Street

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Ganesh Nagar Main Street guideline value

The current guideline value of Ganesh Nagar Main Street is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Panchetty village under the Redhills SRO and falls under the Commercial Class I Type - I land classification.

How the guideline value of Ganesh Nagar Main Street has changed

Over the years, the guideline value for Ganesh Nagar Main Street has seen several revisions. The 2007 revision set the value at Rs 700 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2012 revision. However, this value then decreased to Rs 670 per sq.ft in the 2017 revision before returning to Rs 1,000 per sq.ft in both the 2023 and 2024 revisions. The register has no figure for this street for the years 2002 and 2003.

From the 2017 to 2023 revision, there was a significant increase of 49%. The value remained unchanged from 2023 to 2024, reflecting a 0% change. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 43%.

Guideline values in Panchetty

Panchetty village has a total of 46 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 1,600 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, making Ganesh Nagar Main Street's 2024 figure equal to this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, making the total fees together Rs 90,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Ganesh Nagar Main Street?

The Ganesh Nagar Main Street falls under the jurisdiction of the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Panchetty, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

During the registration process, buyers and sellers must ensure that the sale price is in line with the guideline value. If the sale price is lower than the guideline value, the stamp duty will be calculated based on the guideline value to avoid undervaluation in property transactions.

Frequently asked questions

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

The current guideline value of Ganesh Nagar Main Street is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revisions being Rs 1,000 per sq.ft in both 2023 and 2024, after a decrease to Rs 670 per sq.ft in 2017 from Rs 1,000 per sq.ft in 2012.

What is the land classification for Ganesh Nagar Main Street?

Ganesh Nagar Main Street is classified under the Commercial Class I Type - I land classification.

Where is the Redhills Sub Registrar Office located?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in Ganesh Nagar Main Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 70,000.