Guideline Value for Ganapathy Nagar

Ganapathy Nagar guideline value

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

How the guideline value of Ganapathy Nagar has changed

The guideline value for Ganapathy Nagar has undergone several revisions over the years. In the 2017 revision, the value was set at Rs 167 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 250 per sq.ft. The 2024 revision, effective from 1 July 2024, retained the value at Rs 250 per sq.ft, marking no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Between the 2017 and 2023 revisions, there was a significant increase of 50%. Overall, from 2017 to 2024, the guideline value has increased by 50%, reflecting the same rate of Rs 250 per sq.ft in the last two revisions.

Guideline values in Katrampakkam B

In Katrampakkam B, there are 44 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 150 to Rs 800 per sq.ft. The median guideline value for these streets is Rs 275 per sq.ft, placing Ganapathy Nagar's 2024 figure below that 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 at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total to Rs 22,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ganapathy Nagar?

The Ganapathy Nagar 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 Katrampakkam B

The guideline value is a crucial factor when registering property transactions in Katrampakkam B. It serves as the basis for calculating stamp duty and registration fees, ensuring that all transactions are recorded at a standardized value.

When buying or selling property, the guideline value helps determine the official value of the property for legal and taxation purposes. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used for calculating the applicable duties.

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 at Rs 250 per sq.ft since the 2023 revision. Before that, the value was Rs 167 per sq.ft in 2017, reflecting a 50% increase overall from 2017 to 2024.

Which Sub Registrar Office should I visit for Ganapathy Nagar?

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

What are the other streets in Katrampakkam B?

Other streets in Katrampakkam B include Cine Production Assistant Nagar, Chelliamman Nagar, Bramanar Street, Jothi Nagar, Kabilmuni Garden, and Balaji Nagar, with varying guideline values.

How is stamp duty calculated for property in Ganapathy Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a plot valued at Rs 2,50,000, the stamp duty would be Rs 17,500 at a rate of 7%.