Guideline Value for Ganesh Nagar Silapathikaram Street

Ganesh Nagar Silapathikaram Street guideline value

The current guideline value of Ganesh Nagar Silapathikaram Street is Rs 2,900 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village, under the Selaiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of Ganesh Nagar Silapathikaram Street has changed

The guideline value for Ganesh Nagar Silapathikaram Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,700 per sq.ft. However, this figure dropped to Rs 1,809 per sq.ft in the 2017 revision. In 2023, the value increased to Rs 2,700 per sq.ft, and the latest revision in 2024 has raised it further to Rs 2,900 per sq.ft.

Between these revisions, there have been notable changes. From 2017 to 2023, the value increased by 49%, while from 2012 to 2017, it decreased by 33%. Overall, from 2012 to 2024, there has been a 7% increase in the guideline value.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO, with a 2024 guideline value range from Rs 850 to Rs 6,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Ganesh Nagar Silapathikaram Street above this median.

• Ganesh Nagar Main Road: Rs 2,900 per sq.ft (2024)
• Ganesh Nagar 4th Street: Rs 2,900 per sq.ft (2024)
• Ganesh Nagar 3rd Street: Rs 2,900 per sq.ft (2024)
• Ganesh Nagar 2nd Street: Rs 2,900 per sq.ft (2024)
• Ganesh Nagar 1st Street: Rs 2,900 per sq.ft (2024)
• Ganesh Nagar: Rs 3,300 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,900 per sq.ft, the total guideline value would be Rs 29,00,000. The stamp duty at 7% would amount to Rs 2,03,000, and the registration fee at 2% would be Rs 58,000, bringing the total to Rs 2,61,000. It is important to note that 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 Silapathikaram Street?

The Ganesh Nagar Silapathikaram 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 Selaiyur

The guideline value is a crucial factor during property registration in Selaiyur. It serves as a reference point for determining the stamp duty and registration fees applicable to a property transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees based on the higher of the guideline value or the actual sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Ganesh Nagar Silapathikaram Street is Rs 2,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions: Rs 2,700 per sq.ft in 2023, Rs 1,809 per sq.ft in 2017, and Rs 2,700 per sq.ft in 2012. The most recent revision in 2024 increased the value to Rs 2,900 per sq.ft.

What is the land classification for Ganesh Nagar Silapathikaram Street?

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

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.

How is stamp duty calculated in Selaiyur?

Stamp duty in Selaiyur is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 29,00,000 would incur a stamp duty of Rs 2,03,000 at the rate of 7%.