Guideline Value for Ganthi Nagar

Ganthi Nagar guideline value

The current guideline value of Ganthi Nagar is Rs 350 per sq.ft, effective from 1 July 2024. This area is located in Vadamelpakkam village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Ganthi Nagar has changed

Over the years, the guideline value for Ganthi Nagar has seen various revisions. The 2012 revision set the value at Rs 350 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 234 per sq.ft, representing a decline of 33%. However, from 2017 to 2023, the value increased by 50% back to Rs 350 per sq.ft, and this figure has been consistent through the 2023 revision as well, which also recorded Rs 350 per sq.ft. The most recent revision in 2024 maintains this value, showing no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Thus, the guideline value for Ganthi Nagar has remained stable at Rs 350 per sq.ft from 2012 to 2024, with fluctuations noted in earlier revisions.

Guideline values in Vadamelpakkam

In Vadamelpakkam, there are 19 streets under the Gooduvancheri SRO that have a 2024 guideline value ranging from Rs 350 to Rs 1,000 per sq.ft. The median value is Rs 350 per sq.ft, which aligns with the guideline value of Ganthi Nagar.

• Galaxy Divine castle: Rs 650 per sq.ft (2024)
• D.J.M. Nagar: Rs 350 per sq.ft (2024)
• Kannaya Garden: Rs 975 per sq.ft (2024)
• krishna Nagar: Rs 350 per sq.ft (2024)
• Anna Nagar Annex: Rs 350 per sq.ft (2024)
• Anna Nagar: Rs 350 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 350 per sq.ft, the total guideline value would be Rs 3,50,000. The stamp duty at 7% would amount to Rs 24,500, and the registration fee at 2% would be Rs 7,000, bringing the total fees to Rs 31,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ganthi Nagar?

The Sub Registrar Office that covers Ganthi Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Vadamelpakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the registration process reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Ganthi Nagar?

The current guideline value of Ganthi Nagar is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Ganthi Nagar has remained at Rs 350 per sq.ft from 2012 to 2024, with a decrease to Rs 234 per sq.ft in 2017, followed by an increase back to Rs 350 per sq.ft in 2023.

What is the land classification of Ganthi Nagar?

Ganthi Nagar is classified as Residential Special Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Ganthi Nagar?

The Sub Registrar Office for Ganthi Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the guideline value of Rs 350 per sq.ft would incur a total fee of Rs 31,500.