Guideline Value for Ganesh nagar 3rd street (Ganesh nagar)

Ganesh nagar 3rd street (Ganesh nagar) guideline value

The current guideline value of Ganesh nagar 3rd 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 it falls under the Residential Class I Type - I land classification.

How the guideline value of Ganesh nagar 3rd street (Ganesh nagar) has changed

The guideline value for Ganesh nagar 3rd street (Ganesh nagar) has seen several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in 2012, marking a 200% rise. However, it then decreased to Rs 804 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 1,200 per sq.ft in 2023, before reaching the current rate of Rs 1,300 per sq.ft in 2024, reflecting an 8% increase.

The revisions for the years 2002 and 2003 do not have figures available for this street. Overall, from 2007 to 2024, the guideline value has increased by 225%.

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 value is Rs 1,300 per sq.ft, which is equal to the guideline value of Ganesh nagar 3rd street (Ganesh nagar).

• Ganesh nagar 3rd street: Rs 1,300 per sq.ft (2024)
• Ganesh nagar 2nd street (Ganesh nagar): Rs 1,300 per sq.ft (2024)
• Ganesh nagar 2nd street: Rs 1,300 per sq.ft (2024)
• Ganesh nagar 1st street (Ganesh nagar): Rs 1,300 per sq.ft (2024)
• Ganesh nagar 1st street: 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 3rd 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 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 cost for these fees to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Ganesh nagar 3rd street (Ganesh nagar)?

The Ganesh nagar 3rd street (Ganesh nagar) falls under the jurisdiction of the Ambattur Sub Registrar Office. The office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai. 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 a crucial factor when registering property transactions in Ayappakkam. It serves as a benchmark for determining the minimum value at which properties can be sold, ensuring that the transactions are recorded accurately and transparently.

When a buyer or seller engages in a property transaction, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties adhere to the legal requirements set forth by the local authorities.

Frequently asked questions

What is the current guideline value of Ganesh nagar 3rd street (Ganesh nagar)?

The current guideline value of Ganesh nagar 3rd 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, marking an overall increase of 225% over the years.

What are the stamp duty and registration fees for property in Ganesh nagar 3rd street?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Which Sub Registrar Office covers Ganesh nagar 3rd street?

The Ambattur Sub Registrar Office covers Ganesh nagar 3rd street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.

What is the land classification for Ganesh nagar 3rd street?

Ganesh nagar 3rd street (Ganesh nagar) falls under the Residential Class I Type - I land classification.