Guideline Value for NEW GANAPATHI NAGAR

New Ganapathi Nagar guideline value

The current guideline value of New Ganapathi Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Ikkadu village and falls under the Tiruvallur Joint 1 SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of New Ganapathi Nagar has changed

The guideline value for New Ganapathi Nagar has seen revisions in recent years. The 2023 revision set the value at Rs 500 per sq.ft, which remained unchanged in the 2024 revision, also at Rs 500 per sq.ft. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

From the 2023 to 2024 revision, there was no percentage change, remaining at +0%. This consistency indicates stability in the guideline value for this area over the past two years.

Guideline values in Ikkadu

In Ikkadu, there are 51 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,400 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, placing New Ganapathi Nagar's current value above that median.

• New.M.O. Sampath Nagar: Rs 500 per sq.ft (2024)
• Oothavadai Street: Rs 400 per sq.ft (2024)
• Mettu street: Rs 500 per sq.ft (2024)
• Post office street: Rs 500 per sq.ft (2024)
• Mandapam street: Rs 500 per sq.ft (2024)
• Makka Nagar 3rd street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in New Ganapathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total to Rs 45,000. It is important to note that the 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 precise calculations based on your property details.

Which Sub Registrar Office covers New Ganapathi Nagar?

The Sub Registrar Office that covers New Ganapathi Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ikkadu. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is used to calculate the applicable duties, ensuring that they are based on a standardized valuation rather than individual sale prices, which may vary significantly.

Frequently asked questions

What is the current guideline value of New Ganapathi Nagar?

The current guideline value of New Ganapathi Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for New Ganapathi Nagar has remained at Rs 500 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Ikkadu?

The median guideline value for the streets in Ikkadu is Rs 400 per sq.ft. New Ganapathi Nagar's guideline value is above this median.

What are the stamp duty rates for property in New Ganapathi Nagar?

The stamp duty rate for property in New Ganapathi Nagar is 7%. This is applied to the higher of the guideline value or the sale price of the property.

Where can I find the Sub Registrar Office for New Ganapathi Nagar?

The Sub Registrar Office for New Ganapathi Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.