Guideline Value for Nehru Street / Ganapathy Nagar

Nehru Street / Ganapathy Nagar guideline value

The current guideline value for Nehru Street / Ganapathy Nagar is Rs 1,500 per sq.ft, as per the 2023 revision. This area falls under the Gooduvancheri Sub Registrar Office (SRO) in the Chengalpattu zone and is classified as Residential Special Type - I.

How the guideline value of Nehru Street / Ganapathy Nagar has changed

Over the years, the guideline value for Nehru Street / Ganapathy Nagar has seen several revisions. The 2007 revision set the value at Rs 550 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in the 2012 revision, marking a rise of 173%. However, from 2012 to 2017, the value dropped to Rs 1,005 per sq.ft, reflecting a decrease of 33%. The most recent revision in 2023 saw the guideline value rise again to Rs 1,500 per sq.ft, resulting in an increase of 49% from the 2017 figure.

It is important to note that the register has no figures for the years 2002, 2003, and 2024 for this street. Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 173%.

Guideline values in Vandalur

The guideline value for Nehru Street / Ganapathy Nagar is currently Rs 1,500 per sq.ft. There are no specific figures available for other streets in Vandalur under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Nehru Street / Ganapathy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. 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 Nehru Street / Ganapathy Nagar?

The Nehru Street / Ganapathy Nagar area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role during property transactions in Vandalur. It is used to determine the amount of stamp duty and registration fees that must be paid when a property is bought or sold. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in the real estate market. It is advisable for buyers and sellers to be familiar with the current guideline values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Nehru Street / Ganapathy Nagar?

The current guideline value of Nehru Street / Ganapathy Nagar is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and is now back to Rs 1,500 per sq.ft in 2023.

What is the registration office for Nehru Street / Ganapathy Nagar?

The registration office for Nehru Street / Ganapathy Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone.

What are the stamp duty and registration fees for property in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft plot valued at Rs 15,00,000, the total fees would be Rs 1,35,000.

Are there other streets in Vandalur with guideline values?

There are no specific guideline values available for other streets in Vandalur under the Gooduvancheri SRO at this time.