Guideline Value for Ganesh Nagar

Ganesh Nagar guideline value

The current guideline value of Ganesh Nagar, located in Gooduvancheri village, is Rs 1,200 per sq.ft, effective from 1 July 2024. This area falls under the Gooduvancheri SRO and is classified as Residential Class I Type - I.

How the guideline value of Ganesh Nagar has changed

The guideline value for Ganesh Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 804 per sq.ft, which remained unchanged in the 2023 revision. As of the 2024 revision, the guideline value is Rs 1,200 per sq.ft, reflecting a significant increase of 49% from the 2017 figure. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%, and there has been no change from 2023 to 2024. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft, with a median value of Rs 1,500 per sq.ft. The guideline value of Ganesh Nagar is below this median.

• Gandhi Street: Rs 2,001 per sq.ft (2024)
• Gandhi Nagar 3rd Street: Rs 2,001 per sq.ft (2024)
• Ganapathypuram: Rs 2,001 per sq.ft (2024)
• Ganapathi Nagar (S.No 38/5): Rs 1,500 per sq.ft (2024)
• Friends Avenue: Rs 1,200 per sq.ft (2024)
• E.V.K. Sampath 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 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, while the registration fee at 2% would be Rs 24,000, bringing the total fees together to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ganesh Nagar?

Ganesh Nagar 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 information.

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

The guideline value is a crucial factor when registering property transactions in Gooduvancheri. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark for both buyers and sellers. It helps in calculating the financial obligations associated with the transaction, including stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Ganesh Nagar?

The current guideline value of Ganesh Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2024, marking a 49% increase overall. There has been no change from 2023 to 2024.

What are the guideline values for other streets in Gooduvancheri?

Other streets in Gooduvancheri have varying guideline values, ranging from Rs 1,200 to Rs 2,001 per sq.ft, with the median value being Rs 1,500 per sq.ft.

How is stamp duty calculated for properties in Ganesh Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 at a rate of 7%.

Where can I find the Sub Registrar Office for Ganesh Nagar?

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