Guideline Value for GANGAI NAGAR PHASE -II

Gangai Nagar Phase -II guideline value

The current guideline value of Gangai Nagar Phase -II, located in Puliyampakkam village, is Rs 250 per sq.ft, effective from 1 July 2024. This property falls under the jurisdiction of the Walajabad SRO and is classified as Residential Class I Type - I.

How the guideline value of Gangai Nagar Phase -II has changed

As per the register, the guideline value for Gangai Nagar Phase -II has remained at Rs 250 per sq.ft since the 2023 revision. The 2024 revision has also set the value at Rs 250 per sq.ft, indicating no change between these two years. The earlier revisions from 2017, 2012, 2007, 2003, and 2002 have no figures listed for this street.

The 2023 revision maintained the guideline value at Rs 250 per sq.ft, consistent with the previous year. The lack of figures in the register for the earlier revisions suggests stability in the guideline value for this area, with the most recent updates confirming the current rate.

Guideline values in Puliyampakkam

In Puliyampakkam, there are 26 streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 550 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value of Gangai Nagar Phase -II aligns with this median.

• Gangai Nagar Phase -I: Rs 250 per sq.ft (2024)
• G.Shanthi Nagar: Rs 200 per sq.ft (2024)
• Iyyappan Nagar: Rs 300 per sq.ft (2024)
• Kamatchi Amman Nagar: Rs 335 per sq.ft (2024)
• Azhagu Nachiamman Nagar: Rs 250 per sq.ft (2024)
• Astalakshmi Nagar Phase-II: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Gangai Nagar Phase -II

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty, calculated at 7%, would be Rs 17,500, while the registration fee at 2% would be Rs 5,000. This brings the total cost for stamp duty and registration fees to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gangai Nagar Phase -II?

The Gangai Nagar Phase -II property is covered by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Puliyampakkam. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees. This ensures that the fees are based on a standardized value, rather than fluctuating market prices.

During the registration process, the buyer and seller must adhere to the guideline value set by the Registration Department. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Gangai Nagar Phase -II?

The current guideline value of Gangai Nagar Phase -II is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft since the 2023 revision, with no figures available for earlier revisions from 2017, 2012, 2007, 2003, and 2002.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot at Rs 250 per sq.ft, the total guideline value is Rs 2,50,000. The stamp duty is Rs 17,500 and the registration fee is Rs 5,000, totaling Rs 22,500.

Which office handles the registration for Gangai Nagar Phase -II?

The Walajabad Sub Registrar Office handles the registration for Gangai Nagar Phase -II, located at Sriperumbudur Road, Walajabad-631 605, 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. It ensures that these fees are based on a standardized value set by the Registration Department.