Guideline Value for Ganesh Nagar Thiruvalluvar Street

Ganesh Nagar Thiruvalluvar Street guideline value

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

How the guideline value of Ganesh Nagar Thiruvalluvar Street has changed

The guideline value for Ganesh Nagar Thiruvalluvar Street has seen several revisions over the years. In 2012, the value was set at Rs 2,500 per sq.ft. This figure remained unchanged until 2017, when it decreased to Rs 1,675 per sq.ft. Following this, the 2023 revision brought the value back up to Rs 2,500 per sq.ft, and the most recent revision in 2024 increased it further to Rs 2,700 per sq.ft. The register has no figure for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%. The overall change from 2012 to 2024 reflects a slight 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 guideline value for these streets is Rs 2,150 per sq.ft, placing Ganesh Nagar Thiruvalluvar Street above this median.

• Ganesh Nagar Rajaji Street: Rs 2,700 per sq.ft (2024)
• Ganesh Nagar Nethaji Street: Rs 2,700 per sq.ft (2024)
• Ganesh Nagar Main Road: Rs 2,700 per sq.ft (2024)
• Ganesh Nagar Cheran Street: Rs 2,700 per sq.ft (2024)
• Gangaiamman Koil Street: Rs 1,300 per sq.ft (2024)
• Ganesh Nagar: Rs 2,700 per sq.ft (2024)

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

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, making the total charges 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.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ganesh Nagar Thiruvalluvar Street?

The Sub Registrar Office that covers Ganesh Nagar Thiruvalluvar Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, within the Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Rajakilpakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

Frequently asked questions

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

The current guideline value of Ganesh Nagar Thiruvalluvar Street 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 several times, with the most recent revision in 2024 increasing it to Rs 2,700 per sq.ft from Rs 2,500 per sq.ft in 2023. The value has seen a significant increase from Rs 1,675 per sq.ft in 2017.

What is the median guideline value for streets in Rajakilpakkam?

The median guideline value for streets in Rajakilpakkam is Rs 2,150 per sq.ft, with Ganesh Nagar Thiruvalluvar Street's current value being above this median.

What are the stamp duty and registration fees for properties here?

For a property valued at 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, totaling Rs 2,43,000. These fees are based on the guideline value or the sale price, whichever is higher.

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, in the Chengalpattu registration zone.