Guideline Value for GANGADARAN NAGAR

Gangadaran Nagar guideline value

The current guideline value of Gangadaran Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This locality is situated in Palur-A village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - I.

How the guideline value of Gangadaran Nagar has changed

The guideline value for Gangadaran Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 268 per sq.ft. This remained unchanged until the 2023 revision, which also recorded the value at Rs 400 per sq.ft. The latest revision in 2024 confirms the guideline value at Rs 400 per sq.ft, indicating no change from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a significant increase of 49%. The revisions for the years 2002, 2003, 2007, and 2012 do not have any figures recorded for this street in the register.

Guideline values in Palur-A

In Palur-A, there are 44 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 600 per sq.ft. The median value for these streets is Rs 400 per sq.ft, which is equal to the current guideline value for Gangadaran Nagar.

• Ganapathy Nagar: Rs 400 per sq.ft (2024)
• Grace Avenue: Rs 400 per sq.ft (2024)
• Green City: Rs 400 per sq.ft (2024)
• Guna Nagar: Rs 400 per sq.ft (2024)
• Dps Nagar: Rs 400 per sq.ft (2024)
• Ceeon Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Gangadaran Nagar

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total to Rs 36,000. It is important to note that the 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 Gangadaran Nagar?

The Sub Registrar Office that covers Gangadaran Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Palur-A

The guideline value is a crucial factor during the registration process of property transactions in Palur-A. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction. This process helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Gangadaran Nagar?

The current guideline value of Gangadaran Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49%, from Rs 268 per sq.ft to Rs 400 per sq.ft in 2024. There were no recorded figures for the years 2002, 2003, 2007, and 2012.

What is the land classification of Gangadaran Nagar?

Gangadaran Nagar is classified as Residential Special Type - I, which indicates its suitability for residential development.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is the stamp duty calculated for property in Gangadaran Nagar?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a 1,000 sq.ft plot at Rs 400 per sq.ft would incur a total stamp duty and registration fee of Rs 36,000.