Guideline Value for Ganapathi Nagar Colony

Ganapathi Nagar Colony guideline value

The current guideline value of Ganapathi Nagar Colony is Rs 1,300 per sq.ft, as per the 2023 revision. This area is located in Nalambakkam village and falls under the Gooduvancheri SRO. The land classification for this locality is Residential Special Type - II.

How the guideline value of Ganapathi Nagar Colony has changed

The guideline value for Ganapathi Nagar Colony has undergone several revisions over the years. The earliest recorded revision was in 2007, when the guideline value was Rs 167 per sq.ft. This figure saw a significant increase in the 2012 revision, where it rose to Rs 1,300 per sq.ft, marking a remarkable increase of 678%. However, in the 2017 revision, the value dropped to Rs 871 per sq.ft, a decrease of 33%. The most recent revision in 2023 saw the guideline value return to Rs 1,300 per sq.ft, reflecting an increase of 49% from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 678%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Nalambakkam

Currently, there are no specific village figures provided for Nalambakkam. Ganapathi Nagar Colony's guideline value stands at Rs 1,300 per sq.ft.

Stamp duty and registration fee for property in Ganapathi Nagar Colony

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ganapathi Nagar Colony?

The Ganapathi Nagar Colony is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nalambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Ganapathi Nagar Colony?

The current guideline value of Ganapathi Nagar Colony is Rs 1,300 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 167 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2012, then decreased to Rs 871 per sq.ft in 2017, and returned to Rs 1,300 per sq.ft in 2023.

What is the stamp duty rate in Ganapathi Nagar Colony?

The stamp duty rate in Ganapathi Nagar Colony is 7%, which is applied to the higher of the guideline value or the sale price during registration.

What is the registration fee for properties in Ganapathi Nagar Colony?

The registration fee for properties in Ganapathi Nagar Colony is 2% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Ganapathi Nagar Colony located?

The Gooduvancheri Sub Registrar Office covers Ganapathi Nagar Colony and is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.