Guideline Value for Ganapathi Nagar I to III

Ganapathi Nagar I to III guideline value

The current guideline value for Ganapathi Nagar I to III is Rs 800 per sq.ft. This area is located in Vengadamangalam village and falls under the Gooduvancheri SRO. The land classification for this region is Residential Special Type - II.

How the guideline value of Ganapathi Nagar I to III has changed

Over the years, the guideline value for Ganapathi Nagar I to III has seen several revisions. In the 2012 revision, the guideline value was set at Rs 800 per sq.ft. However, in 2017, it decreased to Rs 536 per sq.ft, marking a reduction of 33%. The most recent revision in 2023 saw a significant increase, bringing the guideline value back up to Rs 800 per sq.ft, which represents a 49% increase from the 2017 figure.

When considering the overall changes from 2012 to 2023, the guideline value remains unchanged at Rs 800 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Vengadamangalam

The guideline value for Ganapathi Nagar I to III is part of the broader Vengadamangalam area. Unfortunately, there are no specific village figures provided for this region. Additionally, there are no other streets in Vengadamangalam listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Ganapathi Nagar I to III

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, leading to a total of Rs 72,000. 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 I to III?

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

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

When buying or selling property in Vengadamangalam, the guideline value plays a crucial role in determining the applicable stamp duty and registration fees. The guideline value serves as a benchmark for the transaction, ensuring that the government receives the appropriate revenue from property transactions.

During the registration process, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that property transactions are accurately recorded and taxed according to the established rates.

Frequently asked questions

What is the current guideline value for Ganapathi Nagar I to III?

The current guideline value for Ganapathi Nagar I to III is Rs 800 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has undergone several changes; it was Rs 800 per sq.ft in 2012, decreased to Rs 536 per sq.ft in 2017, and then returned to Rs 800 per sq.ft in 2023. Overall, from 2012 to 2023, the guideline value remains unchanged.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Ganapathi Nagar I to III is 7% of the guideline value or sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu registration zone.

Is there a calculator for stamp duty and registration fees?

Yes, there is a stamp duty and registration fee calculator available for calculating the fees based on the guideline value or sale price.