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_B village and falls under the Sriperumpudur SRO. The land classification for this street is New House Site Type -II (Unapproved Lay-Out).

How the guideline value of Ganapathy Nagar Part IV has changed

The guideline value for Ganapathy Nagar Part IV has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 400 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision recorded a value of Rs 268 per sq.ft, marking a significant increase of 49% from 2017 to 2023 and maintaining the same value from 2023 to 2024. It is important to note that the register has no figure for this street in the years 2002, 2003, 2007, and 2012.

From 2017 to 2024, the overall change in the guideline value is also +49%. This steady increase reflects the revisions made over the years, with the most notable jump occurring between 2017 and 2023.

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, with a median value of Rs 250 per sq.ft. The guideline value of Ganapathy Nagar Part IV is above this median.

• Ganapathy Nagar Colny: 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 Part IV

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 at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total charges to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ganapathy Nagar Part IV?

The Sub Registrar Office that covers Ganapathy Nagar Part IV 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 critical figure used during the registration of properties in Nemili_B. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When buyers and sellers engage in a transaction, the guideline value helps ensure that the fees are calculated fairly based on the official rates set by the Registration Department. This process helps maintain transparency and consistency in 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 remained the same at Rs 400 per sq.ft from 2023 to 2024. It increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, reflecting a 49% increase over that period.

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 stamp duty and registration fees for properties in this area?

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000, and the registration fee would be Rs 8,000, totaling Rs 36,000. These fees are based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Ganapathy Nagar Part IV located?

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