Guideline Value for Ganesh Nagar

Ganesh Nagar guideline value

The current guideline value of Ganesh Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Kayirambedu village under the Chengleput Joint II SRO, classified as Residential Special Type - II.

How the guideline value of Ganesh Nagar has changed

The guideline value for Ganesh Nagar has seen several revisions over the years. In 2007, the value was Rs 175 per sq.ft, which increased significantly to Rs 700 per sq.ft in 2012. However, it dropped to Rs 469 per sq.ft in 2017 before rising again to Rs 700 per sq.ft in both 2023 and 2024. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, there was a notable increase of 49%, while the change from 2012 to 2017 was a decrease of 33%. The jump from 2007 to 2012 was substantial at 300%. Overall, the guideline value has increased by 300% from 2007 to 2024.

Guideline values in Kayirambedu

In Kayirambedu, there are 120 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,550 per sq.ft, with a median value of Rs 700 per sq.ft. Ganesh Nagar's 2024 figure aligns with this median.

• Ganga Nagar: Rs 700 per sq.ft (2024)
• Gandhi Nagar: Rs 700 per sq.ft (2024)
• Ganapathy Avenue: Rs 2,389 per sq.ft (2024)
• Good Will Nagar: Rs 800 per sq.ft (2024)
• Gowtham Nagar: Rs 700 per sq.ft (2024)
• Green Park Avenue: Rs 700 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 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Ganesh Nagar?

The Sub Registrar Office that covers Ganesh Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Kayirambedu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in real estate dealings. It is important for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ganesh Nagar?

The current guideline value of Ganesh Nagar is Rs 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 175 per sq.ft in 2007 to Rs 700 per sq.ft in 2012, then decreased to Rs 469 per sq.ft in 2017, and has remained at Rs 700 per sq.ft in both 2023 and 2024.

What are the other streets in Kayirambedu with similar guideline values?

Other streets in Kayirambedu with a guideline value of Rs 700 per sq.ft in 2024 include Ganga Nagar, Gandhi Nagar, Gowtham Nagar, and Green Park Avenue.

What is the stamp duty rate applicable in Ganesh Nagar?

The stamp duty rate applicable in Ganesh Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Ganesh Nagar located?

The Sub Registrar Office for Ganesh Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.