Guideline Value for Ganthi Nagar

Ganthi Nagar guideline value

The current guideline value of Ganthi Nagar, located in Puthagaram village under the Ambattur SRO, is Rs 1,300 per sq.ft, effective from 1 July 2024. This area falls under Residential Class IV Type - I land classification.

How the guideline value of Ganthi Nagar has changed

The guideline value for Ganthi Nagar has seen several revisions over the years. In 2012, the guideline value was Rs 1,200 per sq.ft. This value decreased to Rs 804 per sq.ft in 2017, marking a significant drop of 33%. However, from 2017 to 2023, the value increased by 49% to reach Rs 1,200 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 1,300 per sq.ft, reflecting an increase of 8% from the previous year.

The register has no figure for Ganthi Nagar in the years 2002, 2003, and 2007. Overall, comparing the values from 2012 to 2024, there has been an increase of 8% in the guideline value.

Guideline values in Puthagaram

In Puthagaram, there are 140 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,200 to Rs 3,800 per sq.ft, with a median value of Rs 1,900 per sq.ft. The guideline value of Ganthi Nagar is below this median.

• Geetha Nagar: Rs 2,200 per sq.ft (2024)
• Ganesh Nagar: Rs 1,900 per sq.ft (2024)
• Golden Nagar: Rs 2,201 per sq.ft (2024)
• Greas Nagar: Rs 1,900 per sq.ft (2024)
• Grist Nagar: Rs 1,900 per sq.ft (2024)
• G.S.naidu Nagar: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Ganthi 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 be Rs 91,000, and the registration fee at 2% would be Rs 26,000, making the total cost for these charges Rs 1,17,000. 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 Ganthi Nagar?

The Sub Registrar Office that covers Ganthi Nagar 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 Puthagaram

The guideline value plays a crucial role in the registration of property transactions in Puthagaram. It is used to calculate the stamp duty and registration fees that buyers must pay when purchasing property. This ensures that the transaction is recorded accurately and legally.

When selling property, the guideline value helps establish a baseline for the sale price. It provides a reference point for both buyers and sellers, ensuring transparency and compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Ganthi Nagar?

The current guideline value of Ganthi 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 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,300 per sq.ft in 2024.

What is the land classification of Ganthi Nagar?

Ganthi Nagar is classified as Residential Class IV Type - I, which indicates its designated use for residential purposes.

Where can I find the registration office for Ganthi Nagar?

The registration office for Ganthi Nagar 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 in Ganthi Nagar?

Stamp duty is calculated based on the guideline value or the sale price, 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%.