Guideline Value for GANAPATHY NAGAR

Ganapathy Nagar guideline value

The current guideline value of Ganapathy Nagar is Rs 126 per sq.ft, effective from 1 July 2024. This area is located in Elimiyankottur village and falls under the Sunguvarchattram SRO. The land classification for this locality is Residential Class I Type - I.

How the guideline value of Ganapathy Nagar has changed

According to the register, the guideline value for Ganapathy Nagar has remained consistent at Rs 126 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

From the 2023 revision to the 2024 revision, there has been no change, with a percentage increase of +0%. The guideline value for the previous revisions has not been provided in the register, indicating a stable valuation for the recent years.

Guideline values in Elimiyankottur

Currently, there are no specific village figures provided for Elimiyankottur. However, Ganapathy Nagar is classified under the Sunguvarchattram SRO. There are no other streets in Elimiyankottur listed in the register.

Stamp duty and registration fee for property in Ganapathy Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 1,26,000. The stamp duty, calculated at 7%, would be Rs 8,820, and the registration fee at 2% would be Rs 2,520, leading to a total of Rs 11,340. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ganapathy Nagar?

The Ganapathy Nagar area is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value is a critical component in the registration process for property transactions in Elimiyankottur. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property.

When you register a property, the guideline value is used to calculate the applicable charges, ensuring that both buyers and sellers adhere to the established legal framework. This helps in maintaining transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Ganapathy Nagar?

The current guideline value of Ganapathy Nagar is Rs 126 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Ganapathy Nagar has remained unchanged at Rs 126 per sq.ft from the 2023 revision to the 2024 revision. There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

What are the stamp duty and registration fees for property in Ganapathy Nagar?

For a 1,000 sq.ft plot, the guideline value is Rs 1,26,000. The stamp duty is Rs 8,820, and the registration fee is Rs 2,520, totaling Rs 11,340. Duty is charged on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers Ganapathy Nagar?

The Sunguvarchattram Sub Registrar Office covers Ganapathy Nagar, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions in Elimiyankottur. It ensures that all transactions adhere to the legal requirements and maintain transparency.