Guideline Value for S.K.GANGATHARAN NAGAR

S.K.Gangatharan Nagar guideline value

The current guideline value of S.K.Gangatharan Nagar is Rs 150 per sq.ft, effective from 1 July 2024. This area is located in Sathanacherry village under the Walajabad SRO and is classified as Residential Class I Type - II.

How the guideline value of S.K.Gangatharan Nagar has changed

The guideline value for S.K.Gangatharan Nagar has undergone several revisions over the years. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. The last recorded revision before the current one was in 2023, with a guideline value of Rs 126 per sq.ft. The revision from 2023 to 2024 shows an increase of 19%, bringing the current value to Rs 150 per sq.ft.

In summary, the guideline value has changed from Rs 126 per sq.ft in 2023 to Rs 150 per sq.ft in 2024. This reflects a significant adjustment in the valuation of properties in S.K.Gangatharan Nagar.

Guideline values in Sathanacherry

In Sathanacherry, there are three streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 400 per sq.ft, with the median being Rs 150 per sq.ft. The guideline value for S.K.Gangatharan Nagar aligns with this median at Rs 150 per sq.ft.

• Rajalakshmanan Nagar: Rs 100 per sq.ft (2024)
• Kanagambal Avenue: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in S.K.Gangatharan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, together totaling Rs 13,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers S.K.Gangatharan Nagar?

The Sub Registrar Office that covers S.K.Gangatharan Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Sathanacherry. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the registration process is aligned with the official valuations set by the Registration Department.

Frequently asked questions

What is the current guideline value of S.K.Gangatharan Nagar?

The current guideline value of S.K.Gangatharan Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 126 per sq.ft in 2023 to Rs 150 per sq.ft in 2024, reflecting a 19% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values of other streets in Sathanacherry?

In Sathanacherry, the guideline values for other streets are as follows: Rajalakshmanan Nagar is Rs 100 per sq.ft, and Kanagambal Avenue is Rs 400 per sq.ft for 2024.

What are the stamp duty and registration fees for property in S.K.Gangatharan Nagar?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot valued at Rs 1,50,000, the total stamp duty and registration fee would amount to Rs 13,500.

Which office handles property registrations for S.K.Gangatharan Nagar?

The Walajabad Sub Registrar Office handles property registrations for S.K.Gangatharan Nagar. It is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.