Guideline Value for Ganesh Nagar

Ganesh Nagar guideline value

The current guideline value of Ganesh Nagar, located in Kilkattalai village under the Pallavaram SRO, is Rs 4,125 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - I.

How the guideline value of Ganesh Nagar has changed

In the 2003 revision, the guideline value was Rs 267 per sq.ft. This figure saw a significant increase in the following revisions, with the 2007 revision marking a rise to Rs 1,083 per sq.ft, an increase of 306%. The 2012 revision maintained the value at Rs 3,750 per sq.ft, reflecting a 246% increase from the previous revision. However, the 2017 revision saw a decrease to Rs 2,512 per sq.ft, a drop of 33%. The 2023 revision increased the value to Rs 3,750 per sq.ft, and the latest revision in 2024 has set the value at Rs 4,125 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2003 revision to the 2024 revision, the guideline value has increased by 1445%. It is important to note that there is no registered figure for Ganesh Nagar in the 2002 revision.

Guideline values in Kilkattalai

In Kilkattalai, there are 194 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,080 to Rs 5,500 per sq.ft, with a median value of Rs 2,530 per sq.ft. The guideline value of Ganesh Nagar is above this median.

• Gandhi Street: Rs 3,080 per sq.ft (2024)
• Ganga Garden: Rs 1,980 per sq.ft (2024)
• Gandhi Road: Rs 2,200 per sq.ft (2024)
• Gandhi Nagar Main Road: Rs 4,125 per sq.ft (2024)
• Ganga Nagar: Rs 3,080 per sq.ft (2024)
• Gandhi Nagar 3rd Cross Street: Rs 3,300 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 4,125 per sq.ft, the total guideline value would be Rs 41,25,000. The stamp duty at 7% would amount to Rs 2,88,750, while the registration fee at 2% would be Rs 82,500, bringing the total to Rs 3,71,250. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ganesh Nagar?

The Sub Registrar Office that covers Ganesh Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kilkattalai, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process. The guideline value also serves as a reference point for assessing the value of properties in the area.

Frequently asked questions

What is the current guideline value of Ganesh Nagar?

The current guideline value of Ganesh Nagar is Rs 4,125 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, increasing from Rs 267 per sq.ft in 2003 to Rs 4,125 per sq.ft in 2024, marking an overall increase of 1445% over the years.

What is the land classification for Ganesh Nagar?

Ganesh Nagar is classified as Mixed Type - I, which influences its guideline value and property usage.

Where is the Pallavaram Sub Registrar Office located?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 4,125 per sq.ft would incur a total cost of Rs 3,71,250 in fees.