Guideline Value for SRI GANESH AVENUE

Sri Ganesh Avenue guideline value

The current guideline value of Sri Ganesh Avenue is Rs 1,102 per sq.ft, effective from 1 July 2024. This street is located in Allappakkam village under the Chengleput Joint I SRO, classified as Residential Special Type - III.

How the guideline value of Sri Ganesh Avenue has changed

In the 2012 revision, the guideline value was Rs 1,100 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 737 per sq.ft, reflecting a decrease of 33%. The value then saw a significant increase to Rs 1,100 per sq.ft in the 2023 revision, followed by a slight rise to Rs 1,102 per sq.ft in the 2024 revision, which is a change of 0% from the previous year.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. Overall, comparing the figures from 2012 to 2024, there has been no net change, as the current value is equal to the 2012 figure.

Guideline values in Allappakkam

In Allappakkam, there are 51 streets under the Chengleput Joint I SRO that carry a 2024 guideline value, ranging from Rs 600 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 1,102 per sq.ft, making the 2024 guideline value of Sri Ganesh Avenue equal to this median.

• Sri Manav Nagar: Rs 875 per sq.ft (2024)
• Sri Sai Baba Nagar: Rs 1,102 per sq.ft (2024)
• Sri Sastha Nagar: Rs 902 per sq.ft (2024)
• Sri Sawdambiga Nagar Phase-I: Rs 902 per sq.ft (2024)
• Sri Varalakshmi Nagar: Rs 800 per sq.ft (2024)
• Star City Phase-I: Rs 1,102 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ganesh Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,102 per sq.ft, the total guideline value would be Rs 11,02,000. The stamp duty at 7% would amount to Rs 77,140, and the registration fee at 2% would be Rs 22,040, bringing the total fees together to Rs 99,180. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Ganesh Avenue?

The Sub Registrar Office that covers Sri Ganesh Avenue is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Allappakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a standardized value.

When a property is sold, the guideline value helps determine the official value for registration purposes. This ensures that all transactions are transparent and adhere to the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Sri Ganesh Avenue?

The current guideline value of Sri Ganesh Avenue is Rs 1,102 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has fluctuated, starting at Rs 1,100 per sq.ft, dropping to Rs 737 per sq.ft in 2017, and then rising back to Rs 1,100 per sq.ft in 2023, with a slight increase to Rs 1,102 per sq.ft in 2024.

What is the land classification for Sri Ganesh Avenue?

Sri Ganesh Avenue is classified as Residential Special Type - III, which indicates its intended use for residential purposes.

Where can I find the Sub Registrar Office for Sri Ganesh Avenue?

The Chengleput Joint I Sub Registrar Office, which covers Sri Ganesh Avenue, is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Sri Ganesh Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,02,000, the stamp duty would be Rs 77,140 at a rate of 7%.