Guideline Value for Ganapathy Nagar Colny

Ganapathy Nagar Colny guideline value

The current guideline value of Ganapathy Nagar Colny is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Nemili village under the Sriperumpudur SRO, classified as a New House Site Type -II (Unapproved Lay-Out).

How the guideline value of Ganapathy Nagar Colny has changed

Over the years, the guideline value for Ganapathy Nagar Colny has seen several revisions. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged in the 2023 and 2024 revisions. However, the 2017 revision marked a significant increase to Rs 268 per sq.ft, reflecting a 49% rise from the previous revision in 2012. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%, but from 2012 to 2024, it has remained stable at Rs 400 per sq.ft. The latest revision in 2024 shows no change from the previous year, maintaining the value at Rs 400 per sq.ft.

Guideline values in Nemili

In Nemili, there are 66 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,000 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value for Ganapathy Nagar Colny is above this median.

• Ganapathy Nagar Part IV: Rs 400 per sq.ft (2024)
• Gandhi Street: Rs 210 per sq.ft (2024)
• Gnanambal Nagar: Rs 300 per sq.ft (2024)
• Gowtham Golden Avenue: Rs 300 per sq.ft (2024)
• Gowthami Nagar (Gowthami Estates): Rs 300 per sq.ft (2024)
• Gragapriya Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Ganapathy Nagar Colny

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty is charged at 7%, which totals Rs 28,000, and the registration fee at 2% amounts to Rs 8,000. Together, the total cost for stamp duty and registration fee is Rs 36,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ganapathy Nagar Colny?

The Ganapathy Nagar Colny falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in property transactions in Nemili, as it determines the minimum price at which property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that all transactions are conducted transparently and fairly.

During the registration process, the buyer must pay the stamp duty 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 Ganapathy Nagar Colny?

The current guideline value of Ganapathy Nagar Colny is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft since the 2012 revision, with a notable increase to Rs 268 per sq.ft in 2017, followed by stability in the subsequent years.

What is the land classification of Ganapathy Nagar Colny?

Ganapathy Nagar Colny is classified as a New House Site Type -II (Unapproved Lay-Out).

Where can I find the Sub Registrar Office for Ganapathy Nagar Colny?

The Ganapathy Nagar Colny is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, along with a registration fee of 2%. For example, a 1,000 sq.ft plot would incur a total of Rs 36,000 in fees based on the current guideline value.