Guideline Value for Ganesh Nagar

Ganesh Nagar guideline value

The current guideline value of Ganesh Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Malaipattu village, under the Sunguvarchattram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Ganesh Nagar has changed

The guideline value for Ganesh Nagar has seen several revisions over the years. In 2012, the value was set at Rs 200 per sq.ft. This remained unchanged until the 2017 revision, which saw a decrease to Rs 134 per sq.ft. The value then increased significantly to Rs 200 per sq.ft in the 2023 revision, maintaining the same figure in the 2024 revision, resulting in no percentage change from 2023 to 2024.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 200 per sq.ft, reflecting a 0% change over this period. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Malaipattu

In Malaipattu, there are 36 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 150 to Rs 1,181 per sq.ft. The median value is Rs 200 per sq.ft, making Ganesh Nagar's 2024 figure equal to this median.

• Gandhi Street: Rs 200 per sq.ft (2024)
• Garden City: Rs 441 per sq.ft (2024)
• Golden City: Rs 441 per sq.ft (2024)
• Farm Scapes Layout: Rs 200 per sq.ft (2024)
• Chakravarthy Avenue: Rs 441 per sq.ft (2024)
• Kalaizhnar Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Ganesh Nagar

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value is Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ganesh Nagar?

The Ganesh Nagar area is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Malaipattu. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold.

When you register a property, the guideline value or the sale price, whichever is higher, is taken into account for calculating the applicable fees. This ensures that the registration process is transparent and standardized across the region.

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 remained at Rs 200 per sq.ft since 2012, with a decrease to Rs 134 per sq.ft in 2017, followed by an increase back to Rs 200 per sq.ft in 2023 and 2024.

What is the land classification of Ganesh Nagar?

Ganesh Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the registration office for Ganesh Nagar?

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

How is the 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 1,000 sq.ft plot at Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000, leading to a stamp duty of Rs 14,000 at 7%.