Guideline Value for S.S. Nagar (Ganthi Street)

S.S. Nagar (Ganthi Street) guideline value

The current guideline value of S.S. Nagar (Ganthi Street) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class I Type - I.

How the guideline value of S.S. Nagar (Ganthi Street) has changed

The guideline value for S.S. Nagar (Ganthi Street) has seen several revisions over the years. In the 2012 revision, the value was Rs 2,200 per sq.ft, which decreased to Rs 1,474 per sq.ft in 2017. Following this, the guideline value rose to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in 2024, marking a 9% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from the 2012 figure to the current 2024 value, there has been a 9% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirumullaivoyal

Thirumullaivoyal has a total of 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for the village is Rs 2,400 per sq.ft, which is equal to the current value of S.S. Nagar (Ganthi Street).

• S.S. Nagar (Middle Street): Rs 2,400 per sq.ft (2024)
• S.S.Nagar (Park Street): Rs 2,400 per sq.ft (2024)
• S.S.Nagar Virivakkam: Rs 2,400 per sq.ft (2024)
• S.S. Nagar: Rs 2,400 per sq.ft (2024)
• St Andru Prachar Bharathi Nagar: Rs 990 per sq.ft (2024)
• St Anthony Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in S.S. Nagar (Ganthi Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, totaling Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers S.S. Nagar (Ganthi Street)?

The Sub Registrar Office that covers S.S. Nagar (Ganthi Street) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

To find your SRO, you can visit find your SRO.

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

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

When a property is registered, the guideline value is considered to ensure that the transaction reflects the official valuation set by the government. This helps maintain transparency and standardization in property dealings within the region.

Frequently asked questions

What is the current guideline value of S.S. Nagar (Ganthi Street)?

The current guideline value of S.S. Nagar (Ganthi Street) is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in 2024.

What is the land classification for S.S. Nagar (Ganthi Street)?

S.S. Nagar (Ganthi Street) is classified as Residential Class I Type - I.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For example, a 1,000 sq.ft plot at the current rate incurs a total of Rs 2,16,000 in fees.

Where can I find the Sub Registrar Office for S.S. Nagar (Ganthi Street)?

The Sub Registrar Office for S.S. Nagar (Ganthi Street) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.