Guideline Value for Ganesh Nagar

Ganesh Nagar guideline value

The current guideline value of Ganesh Nagar is Rs 800 per sq.ft, as per the 2023 revision. This area falls under Vengadamangalam village and is classified as Residential Special Type - II, with the Gooduvancheri Sub Registrar Office overseeing registrations.

How the guideline value of Ganesh Nagar has changed

Looking at the historical revisions, the guideline value for Ganesh Nagar was Rs 355 per sq.ft in 2007. It increased significantly to Rs 800 per sq.ft in 2012, marking a 125% rise. However, in the subsequent revision of 2017, the value decreased to Rs 536 per sq.ft, reflecting a decline of 33%. The most recent revision in 2023 saw the guideline value rise again to Rs 800 per sq.ft, which is a 49% increase from the 2017 figure.

Overall, from 2007 to 2023, the guideline value has increased by 125%. It is important to note that there are no figures available for the years 2002, 2003, and 2024 for this street.

Guideline values in Vengadamangalam

Currently, there are no specific village figures provided for Vengadamangalam. Ganesh Nagar is part of this village, and there are no other streets in Vengadamangalam 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 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total fees to Rs 72,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ganesh Nagar?

The Sub Registrar Office that covers Ganesh Nagar is 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 Vengadamangalam

The guideline value is a critical factor when buying or selling property in Vengadamangalam, as it determines the minimum value at which a property can be registered. Buyers and sellers must ensure that the sale price meets or exceeds the guideline value to avoid issues during the registration process.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Ganesh Nagar?

The current guideline value of Ganesh Nagar is Rs 800 per sq.ft, according to the 2023 revision.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most notable increase from Rs 355 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, followed by a decrease to Rs 536 per sq.ft in 2017, and then rising again to Rs 800 per sq.ft in 2023.

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

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000, totaling Rs 72,000. This is based on the current guideline value of Rs 800 per sq.ft.

Which office handles property registrations for Ganesh Nagar?

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

Are there other streets in Vengadamangalam with guideline values?

Currently, there are no other streets in Vengadamangalam listed under the Gooduvancheri SRO, and no specific village figures are provided.