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. This area is located in Nemili_B village, under the Sriperumpudur SRO, and is classified as a New House Site Type -II (Unapproved Lay-Out).

How the guideline value of Ganapathy Nagar Colny has changed

The guideline value for Ganapathy Nagar Colny has undergone several revisions over the years. The 2017 revision set the value at Rs 268 per sq.ft. In the 2023 revision, the value remained unchanged at Rs 400 per sq.ft. The current 2024 revision also maintains this figure at Rs 400 per sq.ft, resulting in a 49% increase from the 2017 revision.

It is important to note that the register has no figure for the years 2002, 2003, 2007, and 2012 for this street. The changes observed between the revisions indicate that from 2017 to 2023, there was a significant increase of 49%, while there has been no change from 2023 to 2024.

Guideline values in Nemili_B

In Nemili_B, there are 97 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing Ganapathy Nagar Colny's 2024 figure above this median.

• Ganapathy Nagar Part IV: Rs 400 per sq.ft (2024)
• Gandhi Street: Rs 200 per sq.ft (2024)
• Gnammal Nagar: Rs 300 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)

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 would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ganapathy Nagar Colny?

The Sub Registrar Office that covers Ganapathy Nagar Colny is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Nemili_B. It determines the amount of stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must consider this value to ensure compliance with legal requirements.

When a property is sold or purchased, the guideline value is used as a benchmark to assess the transaction value. This ensures that the registration fees are calculated fairly based on the established rates.

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 the 2024 revision.

How has the guideline value changed over the years?

From the 2017 revision of Rs 268 per sq.ft, the guideline value increased to Rs 400 per sq.ft in both the 2023 and 2024 revisions, marking a 49% increase overall.

What is the classification of land in Ganapathy Nagar Colny?

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

What are the other streets in Nemili_B with their guideline values?

Other streets in Nemili_B include Ganapathy Nagar Part IV at Rs 400 per sq.ft, Gandhi Street at Rs 200 per sq.ft, and Gnammal Nagar, Gnanambal Nagar, Gowtham Golden Avenue, and Gowthami Nagar (Gowthami Estates) all at Rs 300 per sq.ft in 2024.

Where is the Sub Registrar Office located for Ganapathy Nagar Colny?

The Sriperumpudur Sub Registrar Office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.