Guideline Value for Ganesh Nagar Colony

Ganesh Nagar Colony guideline value

The current guideline value of Ganesh Nagar Colony is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Irunkattukottai_B village under the Sriperumpudur SRO, classified as Residential Class IV Type - I.

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 2017 revision, the value was set at Rs 167 per sq.ft, which remained unchanged at Rs 250 per sq.ft in the 2023 revision. The current 2024 revision also maintains the value at Rs 250 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, there was a significant increase of 50%. Overall, from 2017 to 2024, the guideline value has increased by 50%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Irunkattukottai_B

In Irunkattukottai_B, there are 54 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 250 to Rs 1,200 per sq.ft. The median value is Rs 400 per sq.ft, placing Ganesh Nagar Colony's 2024 figure 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. For more details, you can use the stamp duty and registration fee calculator.

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 more information.

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

The guideline value plays a crucial role in property transactions in Irunkattukottai_B. It serves as a benchmark for determining the stamp duty and registration fees during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the applicable fees, which can significantly impact the total cost of the transaction. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

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 remained at Rs 250 per sq.ft from 2023 to 2024, with a significant increase of 50% from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023.

What are the other streets in Irunkattukottai_B?

Other streets in Irunkattukottai_B include Ganapathy Nagar, Grama Bajanai Koil Street, Erikkarai Street, Indira Gandhi Street, Dhanalakshmi Nagar, and Jayendrar Avenue Part-II, each with varying guideline values.

Where can I find the Sub Registrar Office for Ganesh Nagar Colony?

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

How is the stamp duty calculated for properties in Ganesh Nagar Colony?

The stamp duty for properties in Ganesh Nagar Colony is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total guideline value is Rs 2,50,000, leading to a stamp duty of Rs 17,500.