Guideline Value for Ganapathy Nagar

Ganapathy Nagar guideline value

The current guideline value of Ganapathy Nagar, located in Pillaippakkam-A village under the Sriperumpudur SRO, is Rs 200 per sq.ft. This value is 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

The guideline value of Ganapathy Nagar has remained stable at Rs 200 per sq.ft from the 2023 revision to the 2024 revision, showing no change. Prior to this, the 2017 revision recorded a guideline value of Rs 134 per sq.ft, marking a 49% increase when compared to the 2023 revision.

There are no figures available for the revisions in 2012, 2007, 2003, and 2002 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Pillaippakkam-A

Pillaippakkam-A has a total of 49 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,254 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, placing Ganapathy Nagar's 2024 figure below that median.

• Erikkarai Street: Rs 200 per sq.ft (2024)
• Guberan Nagar: Rs 1,254 per sq.ft (2024)
• Guberan Nagar Part - II: Rs 840 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 300 per sq.ft (2024)
• Deepak Nagar: Rs 300 per sq.ft (2024)
• Cyrstel Gardens: 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 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total fees Rs 18,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can calculate your fees using the stamp duty and registration fee calculator.

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 more information.

How the guideline value is used when you buy or sell in Pillaippakkam-A

The guideline value plays a crucial role in property transactions in Pillaippakkam-A, as it is used to determine the stamp duty and registration fees during the registration process. Buyers and sellers must be aware that the guideline value is the baseline for calculating these fees.

When a property is sold, the higher of the guideline value or the sale price is considered for the purpose of charging stamp duty. This means that understanding the current guideline value is essential for both buyers and sellers to accurately estimate the costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Ganapathy Nagar?

The current guideline value of Ganapathy Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged from 2023 to 2024 at Rs 200 per sq.ft. It increased by 49% from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023.

What is the land classification of Ganapathy Nagar?

Ganapathy Nagar is classified as Residential Class III Type - I. This classification helps determine the guideline value for properties in the area.

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

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

How is the stamp duty calculated for properties in Ganapathy Nagar?

Stamp duty for properties in Ganapathy Nagar is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 2,00,000 would incur a stamp duty of Rs 14,000 at 7%.