Guideline Value for Ganapathy Nagar

Ganapathy Nagar guideline value

The current guideline value of Ganapathy Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Vallam village and falls under the Sriperumpudur SRO. The land classification for this street is 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. The earliest available figure is from 2007, when the guideline value was Rs 80 per sq.ft. This value increased significantly to Rs 200 per sq.ft in 2012, marking a 150% rise. However, in the subsequent revision of 2017, the value dropped to Rs 134 per sq.ft, representing a decrease of 33%. The value then increased to Rs 200 per sq.ft in 2023 and has remained the same in the 2024 revision.

From 2017 to 2023, the guideline value saw a notable increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 150%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Vallam

In Vallam village, there are 51 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,950 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, which is equal to the current guideline value of Ganapathy Nagar.

• Gandhi Nagar: Rs 300 per sq.ft (2024)
• Gayathiri Nagar: Rs 200 per sq.ft (2024)
• Gowtham Nagar: Rs 600 per sq.ft (2024)
• Gowtham Nagar Extn-IV: Rs 600 per sq.ft (2024)
• Green Holiday Resorts: Rs 300 per sq.ft (2024)
• Highway: Rs 601 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 cost for these charges Rs 18,000. It is important to note that the 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 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 Vallam

The guideline value is an important factor in the registration process when buying or selling property in Vallam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

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 changed several times, with the most recent revisions showing a consistent value of Rs 200 per sq.ft since 2012, except for a drop to Rs 134 per sq.ft in 2017.

What is the land classification of Ganapathy Nagar?

Ganapathy Nagar is classified as Residential Class III Type - I, indicating its designation for residential purposes.

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