Guideline Value for Sri Ganesh Street

Sri Ganesh Street guideline value

The current guideline value of Sri Ganesh Street in 5. Athipattu village is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the Konnur Sub Registrar Office and is classified as Residential Class I Type - II.

How the guideline value of Sri Ganesh Street has changed

The guideline value for Sri Ganesh Street has seen significant changes over the years. In the 2017 revision, the guideline value was Rs 1,340 per sq.ft, which increased to Rs 2,000 per sq.ft in the 2023 revision. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2017 to 2024, the guideline value has risen by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in 5. Athipattu

In 5. Athipattu, there are 119 streets under the Konnur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 7,650 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which is equal to the guideline value of Sri Ganesh Street.

• Sri Jeyaraj Nagar(Chelliamman Nagar Extension): Rs 3,500 per sq.ft (2024)
• Sri Subam Nagar: Rs 4,400 per sq.ft (2024)
• Sri Vengateshwarar Nagar: Rs 1,300 per sq.ft (2024)
• Sindhunathi Salai(ICF): Rs 2,400 per sq.ft (2024)
• Selliamman Nagar Extention: Rs 2,200 per sq.ft (2024)
• Selliamman Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ganesh Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. 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 Sri Ganesh Street?

Sri Ganesh Street is covered by the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value plays a crucial role during the registration of property transactions in 5. Athipattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and that the appropriate taxes are levied based on the higher of the guideline value or the sale price. This process helps maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sri Ganesh Street?

The current guideline value of Sri Ganesh Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, representing an overall increase of 64%.

What is the stamp duty for property in Sri Ganesh Street?

The stamp duty for property in Sri Ganesh Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Konnur Sub Registrar Office located?

The Konnur Sub Registrar Office is located at Sub Register Office, Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the land classification for Sri Ganesh Street?

Sri Ganesh Street is classified as Residential Class I Type - II under the Konnur SRO.