Guideline Value for Ganesh Nagar

Ganesh Nagar guideline value

The current guideline value of Ganesh Nagar, located in Thirumullaivoyal village under the Ambattur SRO, is Rs 2,400 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of Ganesh Nagar has changed

The guideline value for Ganesh Nagar has seen several revisions over the years. In 2002, the value was Rs 100 per sq.ft, which increased to Rs 130 per sq.ft in 2003, marking a 30% rise. The value further increased to Rs 400 per sq.ft in 2007, reflecting a significant 208% change. By 2012, the guideline value was Rs 2,200 per sq.ft, which was a decrease of 33% from the previous figure. In 2017, it rose to Rs 1,474 per sq.ft, and then increased to Rs 2,200 per sq.ft in 2023, before reaching the current value of Rs 2,400 per sq.ft in 2024, which is a 9% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 2,300%. The register has no figures for the years between these revisions for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,400 per sq.ft, which is equal to the guideline value of Ganesh Nagar.

• Gandhi Street Devi Nagar: Rs 2,400 per sq.ft (2024)
• Gangaiamman koil street: Rs 1,900 per sq.ft (2024)
• Gandhi Nagar: Rs 1,100 per sq.ft (2024)
• Geethanjali Street (Sri Sakthi Nagar): Rs 2,400 per sq.ft (2024)
• Ganapathi Nagar Virivakkam: Rs 1,500 per sq.ft (2024)
• Ganapathi Nagar (Ragavendra Street): Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Ganesh Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty, charged at 7%, would be Rs 1,68,000, while the registration fee at 2% would be Rs 48,000, bringing the total fees to Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ganesh Nagar?

The Ganesh Nagar area falls under the jurisdiction of the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration process of property transactions in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling a property, the guideline value is referenced to calculate the applicable fees. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, which can affect the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Ganesh Nagar?

The current guideline value of Ganesh Nagar is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2002 to Rs 2,400 per sq.ft in 2024, reflecting a significant increase over the years.

What is the registration office for Ganesh Nagar?

The registration office covering Ganesh Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Ganesh Nagar?

Stamp duty for properties in Ganesh Nagar is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.

What are the guideline values of other streets in Thirumullaivoyal?

Other streets in Thirumullaivoyal have varying guideline values. For example, Gandhi Street Devi Nagar and Geethanjali Street (Sri Sakthi Nagar) both have a guideline value of Rs 2,400 per sq.ft, while Gangaiamman koil street is valued at Rs 1,900 per sq.ft.