Guideline Value for Jaya Ganapathy Street

Jaya Ganapathy Street guideline value

The current guideline value of Jaya Ganapathy Street is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Vilangadupakkam village, under the Redhills SRO, and is classified as Residential Class III Type - I.

How the guideline value of Jaya Ganapathy Street has changed

The guideline value for Jaya Ganapathy Street has undergone several revisions over the years. In 2007, the guideline value was Rs 200 per sq.ft, which increased to Rs 400 per sq.ft in 2012. However, it saw a decrease to Rs 268 per sq.ft in 2017. The subsequent revision in 2023 raised it to Rs 400 per sq.ft, and the most recent revision in 2024 set the guideline value at Rs 440 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 120%. Notably, the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Vilangadupakkam

In Vilangadupakkam, there are 160 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 365 to Rs 1,792 per sq.ft, with the median value being Rs 440 per sq.ft. Jaya Ganapathy Street's 2024 figure aligns with this median.

• Jayaraj Nagar: Rs 440 per sq.ft (2024)
• J.H.Avenue: Rs 600 per sq.ft (2024)
• Kalaignar Nagar: Rs 770 per sq.ft (2024)
• Kalaignar Nagar (S.No.260): Rs 440 per sq.ft (2024)
• Kalikambal Nagar Phase - II: Rs 440 per sq.ft (2024)
• Kamarajar Nagar: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Jaya Ganapathy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. 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 Jaya Ganapathy Street?

The Sub Registrar Office that covers Jaya Ganapathy Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

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

The guideline value is a critical factor when registering property transactions in Vilangadupakkam. It serves as a benchmark for determining the minimum value at which a property can be sold or bought, ensuring that the registration reflects a fair value based on government assessments.

When you buy or sell property, the guideline value helps in calculating the stamp duty and registration fees, which are necessary for the legal transfer of ownership. This ensures that all transactions are documented accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value of Jaya Ganapathy Street?

The current guideline value of Jaya Ganapathy Street is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 440 per sq.ft in 2024, reflecting an overall increase of 120% over the years.

What is the land classification of Jaya Ganapathy Street?

Jaya Ganapathy Street is classified as Residential Class III Type - I.

Where can I find the registration office for Jaya Ganapathy Street?

The registration office for Jaya Ganapathy Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in Jaya Ganapathy Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000, leading to a stamp duty of Rs 30,800.