Guideline Value for Ganesh Nagar

Ganesh Nagar guideline value

The current guideline value of Ganesh Nagar is Rs 1,500 per sq.ft as per the 2023 revision. This area is located in Ayyencheri village and falls under the Gooduvancheri SRO. The land classification for Ganesh Nagar is Residential Special Type - II.

How the guideline value of Ganesh Nagar has changed

The guideline value of Ganesh Nagar has seen several revisions over the years. In the 2007 revision, the value was Rs 370 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in the 2012 revision, marking an increase of 305%. However, from 2012 to 2017, the value decreased to Rs 1,005 per sq.ft, a drop of 33%. The most recent revision in 2023 brought the value back up to Rs 1,500 per sq.ft, reflecting a 49% increase from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 305%. It is important to note that the register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Ayyencheri

Currently, there are no specific village figures available for Ayyencheri. Ganesh Nagar is part of this village, and there are no other streets in Ayyencheri listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Ganesh Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, while the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ganesh Nagar?

The Ganesh Nagar area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is an essential factor in the registration process when buying or selling property in Ayyencheri. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the property's value at the time of sale.

Frequently asked questions

What is the current guideline value of Ganesh Nagar?

The current guideline value of Ganesh Nagar is Rs 1,500 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 370 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and finally returned to Rs 1,500 per sq.ft in 2023.

What are the stamp duty and registration fees for property in Ganesh Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, totaling Rs 1,35,000.

Which Sub Registrar Office covers Ganesh Nagar?

The Gooduvancheri Sub Registrar Office covers Ganesh Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Is there any guideline value data for the years 2002, 2003, and 2024?

The register has no figures for Ganesh Nagar for the years 2002, 2003, and 2024.