Guideline Value for Ganga Narayanan St

Ganga Narayanan St guideline value

The current guideline value for Ganga Narayanan St is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village, under the Tambaram Joint 1 SRO, and is classified as Residential Class I Type - III.

How the guideline value of Ganga Narayanan St has changed

The guideline value for Ganga Narayanan St has undergone several revisions over the years. The earliest recorded figure is from 2012, when it was set at Rs 1,500 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 1,005 per sq.ft. However, the value increased significantly to Rs 1,500 per sq.ft in the 2023 revision, and then rose again to Rs 1,650 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chitlapakkam

In Chitlapakkam village, there are 548 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, which is equal to the 2024 figure for Ganga Narayanan St.

• Gangusamy Street: Rs 1,650 per sq.ft (2024)
• G.D. Naidu 1st cross Street: Rs 2,750 per sq.ft (2024)
• G.D. Naidu Street: Rs 2,750 per sq.ft (2024)
• Gandhi Street 2nd Cross Street: Rs 2,750 per sq.ft (2024)
• Gandhi Street 1st Cross Street: Rs 2,750 per sq.ft (2024)
• Gandhi Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Ganga Narayanan St

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, while the registration fee at 2% would be Rs 33,000. Together, the total cost for stamp duty and registration would be Rs 1,48,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ganga Narayanan St?

The Sub Registrar Office that covers Ganga Narayanan St is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Chitlapakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and fairly. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ganga Narayanan St?

The current guideline value of Ganga Narayanan St is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024, with significant changes in between, including a drop to Rs 1,005 per sq.ft in 2017.

What is the land classification for Ganga Narayanan St?

Ganga Narayanan St is classified as Residential Class I Type - III, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Ganga Narayanan St?

The Sub Registrar Office covering Ganga Narayanan St is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.

How is stamp duty calculated for properties in Ganga Narayanan St?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 at a rate of 7%.