Guideline Value for SIVA GANGA NAGAR

Siva Ganga Nagar guideline value

The current guideline value of Siva Ganga Nagar is Rs 675 per sq.ft, effective from 1 July 2024. This area is located in Jambodai village, under the Kanchipuram Joint IV SRO, and is classified as Mixed Type - III land.

How the guideline value of Siva Ganga Nagar has changed

According to the register, there have been no recorded figures for Siva Ganga Nagar in the revisions from 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 675 per sq.ft in the 2023 revision and remains unchanged in the 2024 revision, indicating a 0% change between these two years.

The current guideline value of Rs 675 per sq.ft is consistent with the previous year's figure, reflecting stability in the valuation for this street. This consistency suggests that the valuation has not fluctuated significantly over the recent years.

Guideline values in Jambodai

In Jambodai, there are seven streets under the Kanchipuram Joint IV SRO that have a guideline value for 2024, ranging from Rs 455 to Rs 1,200 per sq.ft. The median value among these streets is Rs 800 per sq.ft, positioning Siva Ganga Nagar's 2024 guideline value below this median.

• Ullavur Amman Nagar: Rs 455 per sq.ft (2024)
• Elite Park: Rs 800 per sq.ft (2024)
• One Aaero -III: Rs 1,200 per sq.ft (2024)
• One Aareo -II @ Jambodai: Rs 800 per sq.ft (2024)
• One Aareo@jambodai: Rs 800 per sq.ft (2024)
• One Aareo @ Jambodai Annex: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Siva Ganga Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 675 per sq.ft, the total guideline value would be Rs 6,75,000. The stamp duty at 7% would amount to Rs 47,250, and the registration fee at 2% would be Rs 13,500, leading to a total cost of Rs 60,750. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Siva Ganga Nagar?

Siva Ganga Nagar falls under the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Jambodai. It serves as the basis for calculating stamp duty and registration fees, which are mandatory for property transactions.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to determine the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Siva Ganga Nagar?

The current guideline value of Siva Ganga Nagar is Rs 675 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained stable at Rs 675 per sq.ft from 2023 to 2024, with no recorded figures in the revisions from 2002, 2003, 2007, 2012, and 2017.

What are the guideline values of other streets in Jambodai?

Other streets in Jambodai have varying guideline values, ranging from Rs 455 to Rs 1,200 per sq.ft. Siva Ganga Nagar's value is below the median of Rs 800 per sq.ft for the area.

How is stamp duty calculated for properties in Siva Ganga Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a property valued at Rs 6,75,000, the stamp duty at 7% would be Rs 47,250.

Which office handles registrations for Siva Ganga Nagar?

The Kanchipuram Joint IV Sub Registrar Office handles registrations for Siva Ganga Nagar, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.