Guideline Value for Ganga Nagar

Ganga Nagar guideline value

The current guideline value of Ganga Nagar, located in Kayirambedu village under the Chengleput Joint II SRO, is Rs 700 per sq.ft. This value is effective from 1 July 2024 and falls under the land classification of Residential Special Type - II.

How the guideline value of Ganga Nagar has changed

The guideline value for Ganga Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 150 per sq.ft, which increased significantly to Rs 700 per sq.ft in 2012. However, it then decreased to Rs 469 per sq.ft in 2017. The value remained at Rs 700 per sq.ft in both 2023 and 2024, showing no change between these two revisions. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, there was a notable increase of 49%. The overall change from the 2007 revision to the 2024 revision reflects a substantial increase of 367%. The fluctuations in guideline values highlight the dynamic nature of property valuation in this area.

Guideline values in Kayirambedu

In Kayirambedu, there are 120 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,550 per sq.ft. The median value is Rs 700 per sq.ft, making Ganga Nagar's 2024 figure equal to this median.

• Ganesh Nagar: Rs 700 per sq.ft (2024)
• Good Will Nagar: Rs 800 per sq.ft (2024)
• Gandhi Nagar: Rs 700 per sq.ft (2024)
• Ganapathy Avenue: Rs 2,389 per sq.ft (2024)
• Gowtham Nagar: Rs 700 per sq.ft (2024)
• Green Park Avenue: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Ganga Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total cost to Rs 63,000. 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 Ganga Nagar?

The Sub Registrar Office that covers Ganga Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kayirambedu. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized valuation of the property.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to determine the applicable duties. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Ganga Nagar?

The current guideline value of Ganga Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 700 per sq.ft in 2012, then decreased to Rs 469 per sq.ft in 2017. It remained at Rs 700 per sq.ft in both 2023 and 2024.

What is the median guideline value in Kayirambedu?

The median guideline value in Kayirambedu is Rs 700 per sq.ft, which is the same as the current value for Ganga Nagar.

What are the stamp duty rates for property in Ganga Nagar?

The stamp duty rate for property transactions in Ganga Nagar is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Ganga Nagar located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.