Guideline Value for Ganesh Nagar

Ganesh Nagar guideline value

The current guideline value of Ganesh Nagar, located in Maakaanyam village under the Sriperumpudur SRO, is Rs 500 per sq.ft, effective from 1 July 2024. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Ganesh Nagar has changed

The guideline value for Ganesh Nagar has undergone several revisions over the years. In 2012, the value was set at Rs 500 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 335 per sq.ft. However, there was a significant increase in the 2023 revision, bringing the value back up to Rs 500 per sq.ft. The current revision in 2024 has maintained this value with no change from the previous year.

Looking at the changes, from 2017 to 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has remained at Rs 500 per sq.ft, indicating stability in this period. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Maakaanyam

In Maakaanyam village, a total of 41 streets are listed under the Sriperumpudur SRO, with the 2024 guideline values ranging from Rs 100 to Rs 600 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing Ganesh Nagar's 2024 figure above this median.

• Gokulam Nagar: Rs 200 per sq.ft (2024)
• Grama Main Road: Rs 200 per sq.ft (2024)
• Gubera Nagar(SF No.67/2): Rs 300 per sq.ft (2024)
• Harshitha Avenue: Rs 150 per sq.ft (2024)
• Dr.Chandra Nagar: Rs 250 per sq.ft (2024)
• Crystal Park: Rs 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 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty is charged at 7%, which totals Rs 35,000, while the registration fee is 2%, amounting to Rs 10,000. Therefore, the total cost for stamp duty and registration fees together is Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, 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 Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Maakaanyam. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is documented accurately and legally.

When a property is registered, the guideline value is considered to determine the applicable fees. Buyers should be aware that the guideline value may differ from the actual sale price, but the duty will be charged on the higher of the two amounts.

Frequently asked questions

What is the current guideline value of Ganesh Nagar?

The current guideline value of Ganesh Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then back to Rs 500 per sq.ft in 2023 and 2024. The overall change from 2012 to 2024 is 0%.

What is the land classification of Ganesh Nagar?

Ganesh Nagar is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

What are the guideline values for other streets in Maakaanyam?

The guideline values for other streets in Maakaanyam range from Rs 100 to Rs 600 per sq.ft, with Ganesh Nagar's value being above the median of Rs 250 per sq.ft.

Where is the Sub Registrar Office for Ganesh Nagar located?

The Sub Registrar Office for Ganesh Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.