Guideline Value for Ganapathy Nagar

Ganapathy Nagar guideline value

The current guideline value of Ganapathy Nagar, located in Katrampakkam village under the Sriperumpudur SRO, is Rs 250 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Class III Type - I.

How the guideline value of Ganapathy Nagar has changed

Over the years, the guideline value of Ganapathy Nagar has seen several revisions. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2023 revision. The 2017 revision recorded a lower value of Rs 167 per sq.ft, marking a decrease of 33% from the previous figure. From 2017 to 2023, the value increased by 50%, bringing it back to Rs 250 per sq.ft. The 2024 revision maintains this value, showing no change from 2023.

The register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the guideline value has remained stable overall from 2012 to 2024, with no net change during this period.

Guideline values in Katrampakkam

Katrampakkam village features 41 streets under the Sriperumpudur SRO, with the 2024 guideline values ranging from Rs 150 to Rs 800 per sq.ft. The median value is Rs 250 per sq.ft, making Ganapathy Nagar's current figure equal to this median.

• Cine Production Assistant Nagar: Rs 500 per sq.ft (2024)
• Chelliamman Nagar: Rs 500 per sq.ft (2024)
• Bramanar Street: Rs 400 per sq.ft (2024)
• Jothi Nagar: Rs 250 per sq.ft (2024)
• Kabilmuni Garden: Rs 500 per sq.ft (2024)
• Balaji Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Ganapathy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty, charged at 7%, would be Rs 17,500, while the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ganapathy Nagar?

The Sub Registrar Office that covers Ganapathy Nagar is 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 Katrampakkam

The guideline value is a crucial factor during property registration in Katrampakkam. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on either the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the guideline value as it influences the overall cost of the transaction. Buyers should ensure that they are informed about the current guideline values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ganapathy Nagar?

The current guideline value of Ganapathy Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained Rs 250 per sq.ft in 2012, 2023, and 2024, with a decrease to Rs 167 per sq.ft in 2017. The value increased by 50% from 2017 to 2023.

What is the land classification for Ganapathy Nagar?

Ganapathy Nagar is classified as Residential Class III Type - I.

Where is the Sriperumpudur Sub Registrar Office located?

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

How is the stamp duty calculated in Ganapathy Nagar?

Stamp duty is calculated at 7% on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 250 per sq.ft, the stamp duty would be Rs 17,500.