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_B village under the Sriperumpudur SRO. The land classification for this locality is Residential Class III Type - I.

How the guideline value of Ganapathy Nagar has changed

In the 2017 revision, the guideline value was Rs 134 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 200 per sq.ft. The latest revision in 2024 also holds the value at Rs 200 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has increased by 49% as well, with no change noted between 2023 and 2024.

Guideline values in Vallam_B

In Vallam_B, there are 73 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 400 per sq.ft, placing Ganapathy Nagar's 2024 figure below this median.

• Gangaiyamman Koil Street: Rs 400 per sq.ft (2024)
• Gayathiri Nagar: Rs 400 per sq.ft (2024)
• Gnanagiri nagar: Rs 1,950 per sq.ft (2024)
• D.R.R.Nagar 3rd Street: Rs 200 per sq.ft (2024)
• D.R.R.Nagar 2nd Street: Rs 200 per sq.ft (2024)
• D.R.R.Nagar 1st Street: 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 200 per sq.ft, the total guideline value would be 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, bringing the total fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further 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 more information.

How the guideline value is used when you buy or sell in Vallam_B

The guideline value is a crucial factor in property transactions in Vallam_B, as it determines the minimum value at which property can be registered. When buying or selling property, the guideline value is used to calculate stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations during property transactions. This value helps in assessing the financial implications of buying or selling property in the area.

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 increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in both 2023 and 2024, representing a 49% increase overall from 2017 to 2024.

What is the land classification for Ganapathy Nagar?

Ganapathy Nagar is classified as Residential Class III Type - I. This classification is important for understanding the zoning and permissible uses of the land.

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

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

What are the other streets in Vallam_B with guideline values?

In Vallam_B, there are several other streets with guideline values. For example, Gangaiyamman Koil Street and Gayathiri Nagar both have a guideline value of Rs 400 per sq.ft in 2024.