Guideline Value for Ganesh Street CrossBALAIYA NAGAR)

Ganesh Street CrossBALAIYA NAGAR) guideline value

The current guideline value of Ganesh Street CrossBALAIYA NAGAR) is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Moovarasampattu village under the Alandur SRO, classified as Residential Class I Type - I.

How the guideline value of Ganesh Street CrossBALAIYA NAGAR) has changed

The guideline value for Ganesh Street CrossBALAIYA NAGAR) has seen several revisions over the years. In 2007, the guideline value was Rs 700 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012, marking a rise of 329%. However, it then decreased to Rs 2,010 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 3,000 per sq.ft in 2023, and most recently, it has increased by 10% to Rs 3,300 per sq.ft in the 2024 revision.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 371%.

Guideline values in Moovarasampattu

In Moovarasampattu, there are 68 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median value is Rs 3,300 per sq.ft, which is equal to the 2024 figure for Ganesh Street CrossBALAIYA NAGAR).

• Ganesh Street Main(BALAIYA NAGAR): Rs 3,300 per sq.ft (2024)
• Ganga Nagar Extension: Rs 3,300 per sq.ft (2024)
• Ganga Nagar Main: Rs 3,300 per sq.ft (2024)
• Gokulam Nagar: Rs 4,400 per sq.ft (2024)
• Gokulam Nagar 1st Main road: Rs 4,400 per sq.ft (2024)
• Gokulam Nagar 1st Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Ganesh Street CrossBALAIYA NAGAR)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the 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 Street CrossBALAIYA NAGAR)?

The Sub Registrar Office that covers Ganesh Street CrossBALAIYA NAGAR) is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial figure used during the registration of property transactions in Moovarasampattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these costs are calculated based on a standardized value.

When buying or selling property, the guideline value helps both parties understand the minimum value of the property for registration purposes. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the transaction process.

Frequently asked questions

What is the current guideline value of Ganesh Street CrossBALAIYA NAGAR)?

The current guideline value of Ganesh Street CrossBALAIYA NAGAR) is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 371% over the years.

What are the other streets with the same guideline value in Moovarasampattu?

Other streets in Moovarasampattu with the same 2024 guideline value of Rs 3,300 per sq.ft include Ganesh Street Main(BALAIYA NAGAR), Ganga Nagar Extension, and Ganga Nagar Main.

What is the stamp duty rate for properties in Ganesh Street CrossBALAIYA NAGAR)?

The stamp duty rate for properties in Ganesh Street CrossBALAIYA NAGAR) is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ganesh Street CrossBALAIYA NAGAR)?

The Sub Registrar Office for Ganesh Street CrossBALAIYA NAGAR) is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.