Guideline Value

Corporate

Guideline Value for SHRI GANAPATHI NAGAR

₹1320/sq.ft.

The guideline value for Shri Ganapathi Nagar in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 1320 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallikaranai

Village

Chennai South Joint I

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹1320 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹117 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹99 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Shri Ganapathi Nagar

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Shri Ganapathi Nagar guideline value

The current guideline value of Shri Ganapathi Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Pallikaranai village and falls under the Chennai South Joint I SRO. The land classification for this street is Residential Class IV Type - II.

How the guideline value of Shri Ganapathi Nagar has changed

The guideline value for Shri Ganapathi Nagar has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 99 per sq.ft, which increased to Rs 117 per sq.ft in 2003, marking an increase of 18%. In 2007, the value further rose to Rs 400 per sq.ft, reflecting a significant jump of 242%. The 2012 revision set the value at Rs 1,200 per sq.ft, which was a 200% increase from the previous revision. However, in 2017, the value dropped to Rs 804 per sq.ft, indicating a decrease of 33%. The most recent 2024 revision has set the value at Rs 1,320 per sq.ft, representing a 64% increase from 2017.

It is important to note that there is no figure available for the year 2023 for this street. Overall, from 2002 to 2024, the guideline value has increased by 1233%.

Guideline values in Pallikaranai

In Pallikaranai, there are 749 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing Shri Ganapathi Nagar's 2024 figure below that median.

Stamp duty and registration fee for property in Shri Ganapathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. Please 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 details.

Which Sub Registrar Office covers Shri Ganapathi Nagar?

The Sub Registrar Office covering Shri Ganapathi Nagar is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for further assistance.

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

When buying or selling property in Pallikaranai, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This value is crucial for ensuring that the correct fees are paid during the registration process.

The guideline value serves as a benchmark for property transactions, helping to standardize the costs associated with buying and selling properties in the region. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Shri Ganapathi Nagar?

The current guideline value of Shri Ganapathi Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 99 per sq.ft in 2002 to Rs 1,320 per sq.ft in 2024, which is an overall increase of 1233%.

What is the registration office for Shri Ganapathi Nagar?

The registration office for Shri Ganapathi Nagar is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 13,20,000 in Shri Ganapathi Nagar, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

How does the guideline value affect property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It serves as a benchmark for ensuring accurate fees are paid at the time of registration.