Guideline Value for Ganesh Nagar

Ganesh Nagar guideline value

The current guideline value of Ganesh Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Tambaram village, under the Tambaram Joint 1 SRO, and is classified as Residential Class I Type - III.

How the guideline value of Ganesh Nagar has changed

The guideline value for Ganesh Nagar has seen significant changes over the years. Starting from the 2002 revision, the value was Rs 165 per sq.ft. In 2003, it increased to Rs 207 per sq.ft, marking a 25% rise. The 2007 revision saw a substantial increase to Rs 400 per sq.ft, which was a 93% change. The 2012 revision brought the value back to Rs 1,500 per sq.ft, reflecting a decrease of 275% from the previous revision.

Moving to the 2017 revision, the guideline value was Rs 1,005 per sq.ft, showing a 49% increase from the 2012 figure. The 2023 revision set the value at Rs 1,500 per sq.ft, and the most recent 2024 revision increased it to Rs 1,650 per sq.ft, representing a 10% rise. Overall, from 2002 to 2024, the guideline value has increased by 900%.

Guideline values in Tambaram

In Tambaram village, there are 360 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 880 to Rs 8,250 per sq.ft. The median value is Rs 3,300 per sq.ft, placing Ganesh Nagar's 2024 figure below this median.

• Gandhi Street (Road): Rs 7,700 per sq.ft (2024)
• Gandhi Road (Jeeva Street Seva sathan): Rs 7,700 per sq.ft (2024)
• Gandhi Road: Rs 7,700 per sq.ft (2024)
• Gokul Nagar: Rs 2,200 per sq.ft (2024)
• Govindaraj 1-st St (Near Gandhi Road): Rs 2,200 per sq.ft (2024)
• Govindaraj 2-nd St (Near Gandhi Road): Rs 2,200 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 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total fees to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, 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 Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Tambaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the duty is charged on whichever amount is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ganesh Nagar?

The current guideline value of Ganesh Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 165 per sq.ft in 2002 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 900%.

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

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which office handles property registrations in Ganesh Nagar?

The Tambaram Joint 1 Sub Registrar Office handles property registrations in Ganesh Nagar, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the land classification of Ganesh Nagar?

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