Guideline Value for Ganesh nagar 3rd street

Ganesh nagar 3rd street guideline value

The current guideline value of Ganesh nagar 3rd 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 3rd street has changed

The guideline value for Ganesh nagar 3rd street has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 400 per sq.ft. It increased significantly to Rs 1,200 per sq.ft in the 2012 revision, but then dropped to Rs 804 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 1,200 per sq.ft, and the most recent 2024 revision set it at Rs 1,300 per sq.ft, marking an 8% increase from the previous year.

In terms of percentage changes, the value increased by 200% from 2007 to 2012, then decreased by 33% from 2012 to 2017. Following that, there was a substantial increase of 49% from 2017 to 2023. Overall, from 2007 to 2024, the guideline value has increased by 225%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ayappakkam

Ayappakkam 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 for these streets is Rs 1,300 per sq.ft, which is also the current value for Ganesh nagar 3rd street.

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

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, making the total charges 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 3rd street?

The Ganesh nagar 3rd street is covered by the Ambattur Sub Registrar Office, which is 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

When buying or selling property in Ayappakkam, the guideline value is a crucial factor during the registration process. It is used to determine the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Buyers and sellers should be aware that the guideline value can vary significantly between different streets and areas within Ayappakkam. Therefore, it is advisable to check the current guideline value before proceeding with any property transactions.

Frequently asked questions

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

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

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

The land classification for Ganesh nagar 3rd street is Residential Class I Type - I.

Where can I find the Sub Registrar Office for Ganesh nagar 3rd street?

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

How is stamp duty calculated for properties in Ayappakkam?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 at a rate of 7%.