Guideline Value for Ganesh Nagar

Ganesh Nagar guideline value

The current guideline value of Ganesh Nagar, located in Kanthoor village under the Sunguvarchattram SRO, is Rs 250 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Special Type - II land classification.

How the guideline value of Ganesh Nagar has changed

Since the 2007 revision, the guideline value has seen significant changes. In 2007, the value was Rs 80 per sq.ft, which increased to Rs 250 per sq.ft in 2012, representing a 213% increase. However, in 2017, it dropped to Rs 167 per sq.ft, a decrease of 33%. The value then rose again to Rs 250 per sq.ft in 2023, maintaining the same rate in the 2024 revision, indicating no change from the previous year.

For the years 2002 and 2003, the register has no figure for Ganesh Nagar. Overall, from 2007 to 2024, the guideline value has increased by 213%.

Guideline values in Kanthoor

In Kanthoor, there are 33 streets under the Sunguvarchattram SRO with 2024 guideline values ranging from Rs 150 to Rs 700 per sq.ft. The median value is Rs 181 per sq.ft, placing Ganesh Nagar's 2024 figure above this median.

• Green Farms: Rs 181 per sq.ft (2024)
• Green Port Avenue: Rs 200 per sq.ft (2024)
• Divya Avenue: Rs 400 per sq.ft (2024)
• Irular Street: Rs 150 per sq.ft (2024)
• Detroit Layout: Rs 400 per sq.ft (2024)
• Jabamalai Nagar Viriu: Rs 250 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 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. 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?

Ganesh Nagar falls under the jurisdiction of the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

To find your SRO, click here.

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

The guideline value is a crucial factor in the registration process of property transactions in Kanthoor. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory for any property transfer.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in the real estate market. Buyers and sellers must be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Ganesh Nagar?

The current guideline value of Ganesh Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 80 per sq.ft in 2007 to Rs 250 per sq.ft in 2012, then decreased to Rs 167 per sq.ft in 2017, and has remained at Rs 250 per sq.ft in 2023 and 2024.

What is the land classification for Ganesh Nagar?

Ganesh Nagar is classified as Residential Special Type - II, which influences its guideline value and potential uses.

Where can I find the Sub Registrar Office for Ganesh Nagar?

The Sub Registrar Office covering Ganesh Nagar is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for properties in Ganesh Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,50,000, the stamp duty at 7% would be Rs 17,500.