Guideline Value for GANAPATHI NAGAR

Ganapathi Nagar guideline value

The current guideline value of Ganapathi Nagar is Rs 1,600 per sq.ft. This area falls under Thazhampoor village and is registered with the Thiruporur Sub Registrar Office (SRO). The land classification for Ganapathi Nagar is Residential Class II Type - I.

How the guideline value of Ganapathi Nagar has changed

The guideline value for Ganapathi Nagar has undergone several revisions over the years. In 2012, the guideline value was set at Rs 1,600 per sq.ft. This remained unchanged until the 2017 revision, which saw a decrease to Rs 1,072 per sq.ft. However, in the 2023 revision, the guideline value increased significantly to Rs 1,600 per sq.ft again.

From the 2017 to 2023 revision, there was a notable increase of 49%. Between the 2012 and 2017 revisions, the value decreased by 33%. Overall, from 2012 to 2023, the guideline value remained the same at Rs 1,600 per sq.ft.

Guideline values in Thazhampoor

Currently, there are no specific guideline values available for other streets in Thazhampoor. Ganapathi Nagar is the only street mentioned in the Thiruporur SRO records.

Stamp duty and registration fee for property in Ganapathi Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. It is important to note that 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 assistance.

Which Sub Registrar Office covers Ganapathi Nagar?

The Ganapathi Nagar area is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for further information.

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

The guideline value is a crucial factor in property transactions in Thazhampoor. It is used to determine the stamp duty and registration fees payable during the registration process. Buyers and sellers should be aware that the guideline value may influence the overall costs associated with a property transaction.

When a property is sold, the guideline value serves as a benchmark for calculating the applicable duties. It is essential for both parties to consider this value to ensure compliance with legal requirements during the sale or purchase of property in Ganapathi Nagar.

Frequently asked questions

What is the current guideline value of Ganapathi Nagar?

The current guideline value of Ganapathi Nagar is Rs 1,600 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, and then back to Rs 1,600 per sq.ft in 2023. This reflects a 49% increase from 2017 to 2023 and a 33% decrease from 2012 to 2017.

What are the stamp duty and registration fees for Ganapathi Nagar?

For a 1,000 sq.ft plot valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 and the registration fee would be Rs 32,000, totaling Rs 1,44,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for Ganapathi Nagar?

The Thiruporur Sub Registrar Office handles the registration for Ganapathi Nagar, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

Is there any guideline value for other streets in Thazhampoor?

Currently, there are no guideline values available for other streets in Thazhampoor, as only Ganapathi Nagar is mentioned in the Thiruporur SRO records.