Guideline Value for Ganesh Nagar

Ganesh Nagar guideline value

The current guideline value of Ganesh Nagar, located in Vadakal_C village under the Sriperumpudur SRO, is Rs 500 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - II.

How the guideline value of Ganesh Nagar has changed

The guideline value for Ganesh Nagar has seen several revisions over the years. The 2024 revision maintains the value at Rs 500 per sq.ft, the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 335 per sq.ft, marking a 49% increase from 2017 to 2023.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Vadakal_C

In Vadakal_C, there are 61 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing Ganesh Nagar's 2024 figure above that median.

• Green Housing Phase - III: Rs 300 per sq.ft (2024)
• Green Park: Rs 300 per sq.ft (2024)
• Easunathar Koil Street: Rs 200 per sq.ft (2024)
• Iswaryam Nagar: Rs 800 per sq.ft (2024)
• Colony Street: Rs 150 per sq.ft (2024)
• Jemi Garden Extension: Rs 550 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 at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, leading to a total of Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the 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 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 Vadakal_C

The guideline value is a crucial factor during property registration in Vadakal_C. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When engaging in a property transaction, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for legal and tax purposes. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during registration.

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 much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 335 per sq.ft to Rs 500 per sq.ft in 2024, reflecting a total increase of 49% over this period.

What is the land classification for Ganesh Nagar?

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

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

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000, and the registration fee would be Rs 10,000, totaling Rs 45,000.

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, in the Chengalpattu registration zone.