Guideline Value for GANGAPURAM

Gangapuram guideline value

The current guideline value of Gangapuram, located in Perumattu Nellore village under the Chengleput Joint II SRO, is Rs 500 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Gangapuram has changed

Over the years, the guideline value of Gangapuram has seen several revisions. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged in the 2017 revision. However, in 2017, the value was reduced to Rs 335 per sq.ft, before returning to Rs 500 per sq.ft in the 2023 revision. The 2024 revision also maintains this value at Rs 500 per sq.ft, reflecting no change from the previous year. The register has no figure for the years 2002, 2003, and 2007 for this street.

Comparing the revisions, from 2012 to 2017, there was a decrease of 33%. Following that, the value increased by 49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has remained unchanged.

Guideline values in Perumattu Nellore

In Perumattu Nellore, there are 83 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 2,850 per sq.ft, with a median value of Rs 700 per sq.ft. The guideline value of Gangapuram is below this median.

• Ganga Nagar: Rs 500 per sq.ft (2024)
• Ganthi Nagar: Rs 800 per sq.ft (2024)
• Gandhi Nagar Extension: Rs 800 per sq.ft (2024)
• Durga Nagar: Rs 700 per sq.ft (2024)
• Islath Nagar: Rs 500 per sq.ft (2024)
• Janakipuram: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Gangapuram

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. It is important to note that the 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 details.

Which Sub Registrar Office covers Gangapuram?

The Sub Registrar Office that covers Gangapuram 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 Perumattu Nellore

The guideline value is a crucial factor during property registration in Perumattu Nellore. It serves as a benchmark for determining the minimum value of a property, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, the guideline value influences the stamp duty and registration fees that need to be paid. Buyers should be aware that these charges are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Gangapuram?

The current guideline value of Gangapuram is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Gangapuram has remained at Rs 500 per sq.ft in the 2023 and 2024 revisions. It was Rs 335 per sq.ft in 2017 and Rs 500 per sq.ft in 2012, showing a 49% increase from 2017 to 2023.

What are the guideline values of other streets in Perumattu Nellore?

Other streets in Perumattu Nellore have varying guideline values, ranging from Rs 500 to Rs 800 per sq.ft in 2024. For example, Ganga Nagar and Islath Nagar are both at Rs 500 per sq.ft, while Ganthi Nagar and Gandhi Nagar Extension are at Rs 800 per sq.ft.

What fees are associated with property registration in Gangapuram?

When registering property in Gangapuram, buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Gangapuram?

The Sub Registrar Office covering Gangapuram is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information by visiting the appropriate link.