Guideline Value for Ganesh Street Main(BALAIYA NAGAR)

Ganesh Street Main(BALAIYA NAGAR) guideline value

The current guideline value of Ganesh Street Main(BALAIYA 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 Main(BALAIYA NAGAR) has changed

Over the years, the guideline value of Ganesh Street Main(BALAIYA NAGAR) has seen significant changes. The 2007 revision recorded a guideline value of Rs 700 per sq.ft, which increased remarkably to Rs 3,000 per sq.ft in 2012, marking a 329% rise. However, in 2017, the value decreased to Rs 2,010 per sq.ft, a drop of 33%. The value then rose again to Rs 3,000 per sq.ft in 2023, followed by the current figure of Rs 3,300 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year. There are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, there was a substantial increase of 49% in the guideline value. When considering the overall change from 2007 to 2024, the guideline value has increased by 371%, highlighting the fluctuations and revisions that have occurred over the years.

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, with the median value being Rs 3,300 per sq.ft. The guideline value for Ganesh Street Main(BALAIYA NAGAR) matches this median figure.

• Ganesh Street Cross(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 Main(BALAIYA 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 charges to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ganesh Street Main(BALAIYA NAGAR)?

The Sub Registrar Office that covers Ganesh Street Main(BALAIYA 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 details.

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

The guideline value is an essential metric used during the registration of property transactions in Moovarasampattu. It helps determine the stamp duty and registration fees that need to be paid, ensuring compliance with local regulations.

When buying or selling property, the guideline value serves as a benchmark to assess the transaction's worth, ensuring that all parties are aware of the legal implications and costs involved in the process.

Frequently asked questions

What is the current guideline value of Ganesh Street Main(BALAIYA NAGAR)?

The current guideline value of Ganesh Street Main(BALAIYA 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 significantly over the years, with the most recent revision in 2024 showing an increase to Rs 3,300 per sq.ft from Rs 3,000 per sq.ft in 2023. The overall increase from 2007 to 2024 is 371%.

What is the land classification for Ganesh Street Main(BALAIYA NAGAR)?

Ganesh Street Main(BALAIYA NAGAR) is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where is the Alandur Sub Registrar Office located?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. This office handles the registration of properties in the area.

How is stamp duty calculated for properties in Ganesh Street Main(BALAIYA NAGAR)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 2,31,000.