Guideline Value for Ganapathy Nagar

Ganapathy Nagar guideline value

The current guideline value of Ganapathy Nagar is Rs 150 per sq.ft, effective from 1 July 2024. This area is located in Kunduperumpedu village under the Sriperumpudur SRO, classified as Residential Class III Type - I.

How the guideline value of Ganapathy Nagar has changed

Since the 2007 revision, the guideline value has seen a significant increase. The 2007 revision set the value at Rs 40 per sq.ft, which rose to Rs 150 per sq.ft in the 2012 revision, marking a 275% increase. However, in the 2017 revision, the value decreased to Rs 100 per sq.ft, a reduction of 33%. The 2023 revision maintained the value at Rs 150 per sq.ft, and the 2024 revision also holds it at Rs 150 per sq.ft, showing no change from the previous year.

There are no figures available for the revisions in 2002 and 2003 for Ganapathy Nagar. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 275%.

Guideline values in Kunduperumpedu

In Kunduperumpedu, there are 35 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft. The median value for these streets is Rs 200 per sq.ft, placing Ganapathy Nagar's 2024 figure below that median.

• Guberan Nagar: Rs 250 per sq.ft (2024)
• Gunduperumpedu New Town: Rs 350 per sq.ft (2024)
• Jemi Galaxy Nagar: Rs 300 per sq.ft (2024)
• Jemi Modern City - I: Rs 250 per sq.ft (2024)
• Jemi Modern City - II: Rs 250 per sq.ft (2024)
• Jesus Garden: Rs 200 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 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ganapathy Nagar?

The Ganapathy Nagar area falls under the jurisdiction of 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 Kunduperumpedu

The guideline value plays a crucial role in property transactions in Kunduperumpedu. It is used to determine the stamp duty and registration fees payable when buying or selling property. Buyers must ensure that the property is registered at the guideline value or the sale price, whichever is higher.

When registering a property, the guideline value ensures transparency and standardization in property transactions. It helps in maintaining a uniform basis for calculating taxes and fees associated with property transfers.

Frequently asked questions

What is the current guideline value of Ganapathy Nagar?

The current guideline value of Ganapathy Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 40 per sq.ft in 2007 to Rs 150 per sq.ft in 2012, then decreasing to Rs 100 per sq.ft in 2017, and remaining at Rs 150 per sq.ft in 2023 and 2024.

What are the other streets in Kunduperumpedu and their guideline values?

Other streets in Kunduperumpedu include Guberan Nagar at Rs 250 per sq.ft, Gunduperumpedu New Town at Rs 350 per sq.ft, and several others, with values ranging from Rs 100 to Rs 500 per sq.ft.

What fees are associated with buying property in Ganapathy Nagar?

When buying property in Ganapathy Nagar, you will incur a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

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

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