Guideline Value for Gangan Nagar

Gangan Nagar guideline value

The current guideline value of Gangan Nagar is Rs 800 per sq.ft, as per the 2023 revision. This area falls under Ponmar village and is classified as Residential Special Type - I. The relevant Sub Registrar Office for this locality is the Gooduvancheri SRO.

How the guideline value of Gangan Nagar has changed

The guideline value of Gangan Nagar has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 800 per sq.ft. However, in the 2017 revision, it decreased to Rs 536 per sq.ft, marking a decline of 33%. The most recent revision in 2023 saw an increase to Rs 800 per sq.ft, representing a rise of 49% from the 2017 figure. Overall, from 2012 to 2023, there has been no change in the guideline value.

There are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Ponmar

Currently, there are no specific village figures provided for Ponmar. Gangan Nagar's guideline value is Rs 800 per sq.ft as of 2023. The following are the other streets in Ponmar:

Stamp duty and registration fee for property in Gangan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, while the registration fee at 2% would be Rs 16,000. Together, the total cost for stamp duty and registration fees would be Rs 72,000. 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 further calculations.

Which Sub Registrar Office covers Gangan Nagar?

The Sub Registrar Office that covers Gangan Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Ponmar. It serves as a benchmark for determining the minimum value at which properties must be registered. This ensures that the government receives appropriate revenue through stamp duty and registration fees based on the guideline value.

When a property is sold, the buyer and seller must ensure that the sale price is at least equal to the guideline value. If the sale price is lower than the guideline value, the registration will still be based on the guideline value to avoid undervaluation.

Frequently asked questions

What is the current guideline value of Gangan Nagar?

The current guideline value of Gangan Nagar is Rs 800 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, and then back to Rs 800 per sq.ft in 2023. Overall, there has been no change from 2012 to 2023.

What is the stamp duty rate for properties in Gangan Nagar?

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

Where is the Gooduvancheri SRO located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Are there other streets in Ponmar with guideline values?

Currently, there are no specific figures provided for other streets in Ponmar. Gangan Nagar is the only street mentioned with a guideline value of Rs 800 per sq.ft.