Guideline Value for HERAMBA GANAPATHY NAGAR

Heramba Ganapathy Nagar guideline value

The current guideline value of Heramba Ganapathy Nagar is Rs 2,800 per sq.ft, effective from 1 July 2024. This locality is situated in Perungudi village and falls under the Neelankarai SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Heramba Ganapathy Nagar has changed

The guideline value for Heramba Ganapathy Nagar has undergone several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased to Rs 2,500 per sq.ft in 2012. However, this value saw a decrease to Rs 1,675 per sq.ft in 2017. The subsequent revision in 2023 raised the value to Rs 2,500 per sq.ft, followed by the current rate of Rs 2,800 per sq.ft in 2024. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, there was a significant increase of 49%, and from 2023 to 2024, the value rose by 12%. Overall, the guideline value has increased by 180% from 2007 to 2024, reflecting the changes in the local real estate landscape.

Guideline values in Perungudi

In Perungudi, there are 249 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value of Heramba Ganapathy Nagar is below this median.

• Heritage Vijayendra Nagar: Rs 2,800 per sq.ft (2024)
• Govindasamy Nagar 6th Street: Rs 2,800 per sq.ft (2024)
• Govindasamy Nagar 5th Street: Rs 2,800 per sq.ft (2024)
• Govindasamy Nagar 4th Street: Rs 2,800 per sq.ft (2024)
• Govindasamy Nagar 3rd Street: Rs 2,800 per sq.ft (2024)
• Govindasamy Nagar 2nd Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Heramba Ganapathy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total fees together to Rs 2,52,000. 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 more detailed calculations.

Which Sub Registrar Office covers Heramba Ganapathy Nagar?

The Sub Registrar Office that covers Heramba Ganapathy Nagar is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for additional information.

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

The guideline value is a crucial factor during the registration of property transactions in Perungudi. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this valuation.

When buying or selling property, the guideline value helps both buyers and sellers understand the legal valuation of the property, which is essential for compliance with local regulations and for the accurate calculation of taxes and fees associated with the transaction.

Frequently asked questions

What is the current guideline value of Heramba Ganapathy Nagar?

The current guideline value of Heramba Ganapathy Nagar is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 180% over the years.

What is the registration office for Heramba Ganapathy Nagar?

The registration office for Heramba Ganapathy Nagar is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

Where can I find more information about stamp duty and registration fees?

You can find more information and calculate your fees using the stamp duty and registration fee calculator.