Guideline Value for SRI GANAPATHI NAGAR EXTENSION

Sri Ganapathi Nagar Extension guideline value

The current guideline value of Sri Ganapathi Nagar Extension is Rs 335 per sq.ft, effective from 1 July 2024. This area is located in Ikkadu village and falls under the Tiruvallur Joint 1 SRO. The land classification for this street is Residential Class I Type - III.

How the guideline value of Sri Ganapathi Nagar Extension has changed

According to the guideline value register, there are no figures available for Sri Ganapathi Nagar Extension for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision recorded a guideline value of Rs 335 per sq.ft, which remained unchanged in the 2024 revision.

Thus, the guideline value has remained consistent at Rs 335 per sq.ft from 2023 to 2024, showing a change of +0% during this period.

Guideline values in Ikkadu

In Ikkadu, there are 51 streets under the Tiruvallur Joint 1 SRO with a 2024 guideline value ranging from Rs 100 to Rs 1,400 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing Sri Ganapathi Nagar Extension's 2024 figure below this median.

• Sri Ganapathi Nagar: Rs 400 per sq.ft (2024)
• Srinivasa Nagar Annex: Rs 402 per sq.ft (2024)
• Sosiety Nagar: Rs 300 per sq.ft (2024)
• Sri Sai Nagar: Rs 500 per sq.ft (2024)
• Sinivasa Nagar: Rs 500 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ganapathi Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 335 per sq.ft, the total guideline value amounts to Rs 3,35,000. The stamp duty at 7% would be Rs 23,450, and the registration fee at 2% would be Rs 6,700, bringing the total cost for these fees to Rs 30,150. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Ganapathi Nagar Extension?

The Sri Ganapathi Nagar Extension area is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Ikkadu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold or bought, the guideline value is used to calculate the registration fees and stamp duty, ensuring that all transactions adhere to the legal requirements set forth by the government. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Sri Ganapathi Nagar Extension?

The current guideline value of Sri Ganapathi Nagar Extension is Rs 335 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Ganapathi Nagar Extension has remained at Rs 335 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Sri Ganapathi Nagar Extension?

Sri Ganapathi Nagar Extension is classified as Residential Class I Type - III, which indicates its designated use for residential purposes.

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

For a property valued at Rs 3,35,000, the stamp duty would be Rs 23,450, and the registration fee would be Rs 6,700, totaling Rs 30,150. These fees are based on the guideline value.

Which office handles property registrations in Sri Ganapathi Nagar Extension?

The Tiruvallur Joint 1 Sub Registrar Office handles property registrations in Sri Ganapathi Nagar Extension, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.