Guideline Value for Ganesh Nagar

Ganesh Nagar guideline value

The current guideline value of Ganesh Nagar, located in Selaiyur village under the Selaiyur SRO, is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - V.

How the guideline value of Ganesh Nagar has changed

Over the years, the guideline value of Ganesh Nagar has seen significant changes. The 2007 revision recorded a guideline value of Rs 1,130 per sq.ft, which increased by 165% to Rs 3,000 per sq.ft in the 2012 revision. However, in 2017, the value decreased by 33% to Rs 2,010 per sq.ft. The guideline value then rose by 49% to Rs 3,000 per sq.ft in 2023, and currently stands at Rs 3,300 per sq.ft following a 10% increase in the 2024 revision.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 192%.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, making Ganesh Nagar's 2024 figure of Rs 3,300 per sq.ft notably above the median.

• Ganesh Nagar 1st Street: Rs 2,900 per sq.ft (2024)
• Ganesh Nagar 2nd Street: Rs 2,900 per sq.ft (2024)
• Ganesh Nagar 3rd Street: Rs 2,900 per sq.ft (2024)
• Ganesh Nagar 4th Street: Rs 2,900 per sq.ft (2024)
• Ganesh Nagar Main Road: Rs 2,900 per sq.ft (2024)
• Ganesh Nagar Silapathikaram Street: Rs 2,900 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 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000. Together, the total cost would be Rs 2,97,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ganesh Nagar?

The Ganesh Nagar area is covered by the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Selaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When a property is sold, the sale price is compared to the guideline value. The higher of the two is used to calculate the applicable stamp duty and registration fees, which are necessary for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Ganesh Nagar?

The current guideline value of Ganesh Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 1,130 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 192% over this period.

What is the land classification for Ganesh Nagar?

Ganesh Nagar is classified as Residential Special Type - V, indicating its intended use for residential purposes.

What are the other streets in Selaiyur and their guideline values?

Other streets in Selaiyur include Ganesh Nagar 1st Street, 2nd Street, 3rd Street, 4th Street, Main Road, and Silapathikaram Street, all of which have a guideline value of Rs 2,900 per sq.ft for 2024.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.