Guideline Value for Ganesh nagar 2nd street (Ganesh nagar)

Ganesh nagar 2nd street (Ganesh nagar) guideline value

The current guideline value of Ganesh nagar 2nd street (Ganesh nagar) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Ayappakkam village, under the Ambattur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Ganesh nagar 2nd street (Ganesh nagar) has changed

Over the years, the guideline value for Ganesh nagar 2nd street has seen several revisions. Starting from Rs 400 per sq.ft in 2007, it increased significantly to Rs 1,200 per sq.ft in 2012, followed by a decrease to Rs 804 per sq.ft in 2017. The value rose to Rs 1,200 per sq.ft again in 2023, and finally, it reached Rs 1,300 per sq.ft in 2024, marking an 8% increase from the previous year.

The changes between these revisions highlight a substantial overall increase of 225% from 2007 to 2024. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Ayappakkam

Ayappakkam village has a total of 221 streets under the Ambattur SRO, with guideline values ranging from Rs 550 to Rs 4,000 per sq.ft. The median guideline value is Rs 1,300 per sq.ft, which aligns with the current value of Ganesh nagar 2nd street.

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

Stamp duty and registration fee for property in Ganesh nagar 2nd street (Ganesh nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total fees together to Rs 1,17,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can calculate your fees using our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ganesh nagar 2nd street (Ganesh nagar)?

The Sub Registrar Office that covers Ganesh nagar 2nd street is 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 plays a crucial role in property transactions in Ayappakkam. It is used to determine the stamp duty and registration fees payable when a property is bought or sold. Buyers and sellers must refer to the guideline value to ensure compliance with legal requirements during registration.

When a property is registered, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring that the transaction is appropriately documented and taxed.

Frequently asked questions

What is the current guideline value of Ganesh nagar 2nd street?

The current guideline value of Ganesh nagar 2nd street (Ganesh nagar) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, reflecting an overall increase of 225% over this period.

What is the registration office for Ganesh nagar 2nd street?

The registration office for Ganesh nagar 2nd street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the stamp duty rate applicable in Ganesh nagar?

The stamp duty rate applicable in Ganesh nagar is 7%, which is calculated based on the higher of the guideline value or the sale price of the property.

Where can I find more information about stamp duty and registration fees?

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