Guideline Value for Ganesh Nagar

Ganesh Nagar guideline value

The current guideline value of Ganesh Nagar, located in Koozhangacheri village under the Sunguvarchattram SRO, is Rs 200 per sq.ft. This value is effective from 1 July 2024. The land classification for this area is Residential Class III Type - I.

How the guideline value of Ganesh Nagar has changed

The guideline value of Ganesh Nagar has undergone several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 30 per sq.ft. This value increased significantly to Rs 200 per sq.ft in 2012. However, it then decreased to Rs 134 per sq.ft in 2017. The 2023 revision maintained the value at Rs 200 per sq.ft, which remained unchanged in the 2024 revision.

Between the revisions, there have been notable changes. From 2007 to 2012, the guideline value increased by 567%. The value then decreased by 33% from 2012 to 2017. Following that, from 2017 to 2023, the value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 567%. The register has no figure for the years 2002 and 2003 for this street.

Guideline values in Koozhangacheri

In Koozhangacheri, there are 47 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 1,200 per sq.ft. The median value among these streets is Rs 226 per sq.ft, placing Ganesh Nagar's 2024 figure below that median.

• Golden Avenue: Rs 250 per sq.ft (2024)
• Ezhil Nagar: Rs 200 per sq.ft (2024)
• Dhanapriya Nagar: Rs 226 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 250 per sq.ft (2024)
• Jayam Nagar: Rs 350 per sq.ft (2024)
• Jayam Nagar Extention: Rs 350 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 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty, charged at 7%, would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, 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 Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Koozhangacheri. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers should be aware of the 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 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 30 per sq.ft in 2007 to Rs 200 per sq.ft in 2012, then decreased to Rs 134 per sq.ft in 2017, and returned to Rs 200 per sq.ft in 2023 and 2024.

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

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000.

Which Sub Registrar Office covers Ganesh Nagar?

The Sunguvarchattram Sub Registrar Office covers Ganesh Nagar, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company.

What is the median guideline value in Koozhangacheri?

The median guideline value in Koozhangacheri is Rs 226 per sq.ft, with Ganesh Nagar's value being below this median at Rs 200 per sq.ft.