Guideline Value for Ganesh Nagar Colony

Ganesh Nagar Colony guideline value

The current guideline value of Ganesh Nagar Colony, located in Irunkattukottai village under the Sriperumpudur SRO, is Rs 250 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class IV Type - I land classification.

How the guideline value of Ganesh Nagar Colony has changed

The guideline value for Ganesh Nagar Colony has seen several revisions over the years. In the 2007 revision, the value was set at Rs 150 per sq.ft, which increased to Rs 250 per sq.ft in the 2012 revision, marking a 67% increase. However, the 2017 revision saw a decrease to Rs 167 per sq.ft, a drop of 33%. The value then rose significantly to Rs 250 per sq.ft in both the 2023 and 2024 revisions, showing no change from 2023 to 2024.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 67%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Irunkattukottai

In Irunkattukottai, there are 56 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 1,250 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value for Ganesh Nagar Colony is below this median.

• Ganapathy Nagar: Rs 250 per sq.ft (2024)
• Grama Bajanai Koil Street: Rs 600 per sq.ft (2024)
• Erikkarai Street: Rs 250 per sq.ft (2024)
• Indira Gandhi Street: Rs 400 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 800 per sq.ft (2024)
• Jayendrar Avenue Part-II: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Ganesh Nagar Colony

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 fees to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ganesh Nagar Colony?

The Ganesh Nagar Colony 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 further assistance.

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

The guideline value is a crucial factor when registering property transactions in Irunkattukottai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When buying or selling property, the guideline value helps to determine the minimum price at which a property can be registered. This ensures transparency in property transactions and assists in maintaining a fair process for both buyers and sellers.

Frequently asked questions

What is the current guideline value of Ganesh Nagar Colony?

The current guideline value of Ganesh Nagar Colony is Rs 250 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 150 per sq.ft in 2007, increasing to Rs 250 per sq.ft in 2012, dropping to Rs 167 per sq.ft in 2017, and then stabilizing at Rs 250 per sq.ft in both 2023 and 2024.

What is the land classification of Ganesh Nagar Colony?

Ganesh Nagar Colony is classified as Residential Class IV Type - I, which indicates its designation for residential purposes.

Where can I calculate the stamp duty and registration fees?

You can calculate the stamp duty and registration fees using the stamp duty and registration fee calculator available online.

Which office handles the registration for Ganesh Nagar Colony?

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