Guideline Value for Ganesh nagar 1st street

Ganesh nagar 1st street guideline value

The current guideline value of Ganesh nagar 1st street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Ayappakkam village and falls under the Ambattur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Ganesh nagar 1st street has changed

The guideline value for Ganesh nagar 1st street has undergone several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012, marking a significant rise of 200%. However, by 2017, the value decreased to Rs 804 per sq.ft, reflecting a drop of 33%. The value then increased to Rs 1,200 per sq.ft in 2023, before reaching the current rate of Rs 1,300 per sq.ft in 2024, an increase of 8%.

From 2017 to 2023, the value saw a substantial increase of 49%. Overall, from 2007 to 2024, the guideline value has risen by 225%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 1,300 per sq.ft, which is equal to the current guideline value of Ganesh nagar 1st street.

• Ganesh nagar 1st street: Rs 1,300 per sq.ft (2024)
• Ganesh nagar 2nd street: Rs 1,300 per sq.ft (2024)
• Ganesh nagar 2nd street (Ganesh nagar): Rs 1,300 per sq.ft (2024)
• Ganesh nagar 3rd street: Rs 1,300 per sq.ft (2024)
• Ganesh nagar 3rd street (Ganesh nagar): Rs 1,300 per sq.ft (2024)
• Ganesh Nagar: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Ganesh nagar 1st street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total charges to Rs 1,17,000. 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 1st street?

The Ganesh nagar 1st street is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Ayappakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is conducted at a fair price as per government regulations.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees, which are necessary for the legal transfer of property ownership. This ensures that both buyers and sellers are aware of the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Ganesh nagar 1st street?

The current guideline value of Ganesh nagar 1st street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2007?

Since 2007, the guideline value has increased by 225%, from Rs 400 per sq.ft to the current Rs 1,300 per sq.ft.

What was the guideline value in 2017?

The guideline value in 2017 was Rs 804 per sq.ft, which was a decrease from Rs 1,200 per sq.ft in 2012.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions is 7%, which is applicable on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ganesh nagar 1st street?

The Sub Registrar Office that covers Ganesh nagar 1st street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.