Guideline Value for Ganapathy Nagar Part IV

Ganapathy Nagar Part IV guideline value

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

How the guideline value of Ganapathy Nagar Part IV has changed

Over the years, the guideline value for Ganapathy Nagar Part IV has seen several revisions. The 2007 revision set the value at Rs 115 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2012. However, in the 2017 revision, the value dropped to Rs 268 per sq.ft, before rising again to Rs 400 per sq.ft in both the 2023 and 2024 revisions. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%, while from 2012 to 2017, it decreased by 33%. The most notable change occurred from 2007 to 2012, where the value rose by 248%. Overall, from 2007 to 2024, the guideline value has increased by 248%.

Guideline values in Nemili

In Nemili, there are 66 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 150 to Rs 1,000 per sq.ft. The median value is Rs 250 per sq.ft, placing Ganapathy Nagar Part IV's value above this median.

• Ganapathy Nagar Colny: 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 Part IV

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ganapathy Nagar Part IV?

The Ganapathy Nagar Part IV area falls under 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

The guideline value plays a critical role in the registration process when buying or selling property in Nemili. It is used to determine the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ganapathy Nagar Part IV?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 115 per sq.ft in 2007 to Rs 400 per sq.ft in 2012, then decreased to Rs 268 per sq.ft in 2017, and returned to Rs 400 per sq.ft in both 2023 and 2024.

What is the land classification for Ganapathy Nagar Part IV?

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

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

Other streets in Nemili include Ganapathy Nagar Colny at Rs 400 per sq.ft, Gandhi Street at Rs 210 per sq.ft, and Gnanambal Nagar at Rs 300 per sq.ft, among others.

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

The Sub Registrar Office covering Ganapathy Nagar Part IV is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.