Guideline Value for GANGAI NAGAR PHASE -I

Gangai Nagar Phase -I guideline value

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

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

The guideline value for Gangai Nagar Phase -I has remained consistent at Rs 250 per sq.ft since the 2023 revision, which also recorded the same value. The register has no figures for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

As of the 2024 revision, the guideline value has not changed from the previous year, reflecting a 0% change from 2023 to 2024. The current value is equal to the median guideline value of Rs 250 per sq.ft for the 26 streets in Puliyampakkam under the Walajabad SRO.

Guideline values in Puliyampakkam

In Puliyampakkam, the guideline values for various streets range from Rs 150 to Rs 550 per sq.ft, with the median being Rs 250 per sq.ft. Gangai Nagar Phase -I's 2024 figure aligns with this median value.

• Gangai Nagar Phase -II: 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 -I

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 at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, resulting in a total of Rs 22,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gangai Nagar Phase -I?

The Sub Registrar Office that covers Gangai Nagar Phase -I is 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 is an essential factor in property transactions, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property in Puliyampakkam, the guideline value is used to assess the applicable stamp duty and registration fees. It ensures that the transaction is recorded at a value that reflects the local market conditions, providing a standardized approach to property registration.

Frequently asked questions

What is the current guideline value for Gangai Nagar Phase -I?

The current guideline value for Gangai Nagar Phase -I 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. There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Gangai Nagar Phase -I?

Gangai Nagar Phase -I is classified as Residential Class I Type - I. This classification can affect the types of developments permitted in the area.

Where is the Walajabad Sub Registrar Office located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. It is the office responsible for property registrations in this area.

How is stamp duty calculated for properties in Gangai Nagar Phase -I?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 at 7%.