Guideline Value for SREE SELVA GANAPATHY NAGAR

Sree Selva Ganapathy Nagar guideline value

The current guideline value of Sree Selva Ganapathy Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Kolathur village under the Chengleput Joint II SRO, with a land classification of Residential Special Type - I.

How the guideline value of Sree Selva Ganapathy Nagar has changed

Looking at the historical revisions, the guideline value for Sree Selva Ganapathy Nagar has seen several changes. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged in the 2017 revision. However, from 2017 to 2023, the value increased by 49% to Rs 600 per sq.ft. The 2024 revision has kept the guideline value stable at Rs 600 per sq.ft, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 600 per sq.ft.

Guideline values in Kolathur

In Kolathur, there are 58 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 500 to Rs 1,600 per sq.ft. The median value is Rs 600 per sq.ft, which is equal to the guideline value of Sree Selva Ganapathy Nagar.

• Sri Dhivakar Nagar: Rs 600 per sq.ft (2024)
• Sri Ganapathy Nagar Colony: Rs 600 per sq.ft (2024)
• Shenaha Garden: Rs 600 per sq.ft (2024)
• Sri Narsimman Nagar: Rs 600 per sq.ft (2024)
• Srinivasa Palms @ S.P.Kovil: Rs 1,500 per sq.ft (2024)
• Srinivasa Palms @ S.P.Kovil -II: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Sree Selva Ganapathy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sree Selva Ganapathy Nagar?

The Sub Registrar Office that covers Sree Selva Ganapathy Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kolathur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When a buyer or seller approaches the registration office, the guideline value is referenced to determine the applicable taxes. This value helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sree Selva Ganapathy Nagar?

The current guideline value of Sree Selva Ganapathy Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft from 2012 to 2024, with notable changes occurring between 2017 and 2023, where it increased by 49% from Rs 402 per sq.ft to Rs 600 per sq.ft.

What are the stamp duty and registration fees for property in Sree Selva Ganapathy Nagar?

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000.

Which office handles property registrations in Sree Selva Ganapathy Nagar?

The Chengleput Joint II Sub Registrar Office handles property registrations in Sree Selva Ganapathy Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the significance of the guideline value in property transactions?

The guideline value is essential for calculating stamp duty and registration fees during property transactions. It ensures that the taxes are based on an official valuation, promoting fairness and transparency in the registration process.