Guideline Value for SRI GANAPATHI NAGAR

Sri Ganapathi Nagar guideline value

The current guideline value of Sri Ganapathi Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in 96 Sirunkundram village under the Thiruporur SRO, classified as Residential Class I Type - I.

How the guideline value of Sri Ganapathi Nagar has changed

Since the 2012 revision, the guideline value for Sri Ganapathi Nagar has remained stable at Rs 200 per sq.ft. The 2012 revision set the value at Rs 200 per sq.ft, which was a decrease of 33% from the previous revision in 2017, where the value was Rs 134 per sq.ft. The 2023 revision also maintained the value at Rs 200 per sq.ft, showing no change from the 2024 revision.

From 2017 to 2023, there was a significant increase of 49% in the guideline value. However, the overall change from 2012 to 2024 shows no increase, as the value has remained consistent at Rs 200 per sq.ft since 2012.

Guideline values in 96 Sirunkundram

In 96 Sirunkundram, there are four streets under the Thiruporur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 200 per sq.ft. The median value for these streets is Rs 200 per sq.ft, which is equal to the 2024 guideline value for Sri Ganapathi Nagar.

• Sreeram Nagar: Rs 200 per sq.ft (2024)
• Veerapathiran Nagar: Rs 150 per sq.ft (2024)
• Ganesh Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ganapathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total cost for stamp duty and registration fees to Rs 18,000. 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 details.

Which Sub Registrar Office covers Sri Ganapathi Nagar?

The Sub Registrar Office that covers Sri Ganapathi Nagar is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 96 Sirunkundram

The guideline value is a crucial factor when buying or selling property in 96 Sirunkundram, as it determines the minimum value at which a property can be registered. Buyers must pay stamp duty and registration fees based on this guideline value, ensuring that the transaction is legally recognized.

When a property is sold, the seller must ensure that the sale price is equal to or greater than the guideline value to avoid any legal complications. This value serves as a benchmark for both buyers and sellers during the registration process.

Frequently asked questions

What is the current guideline value of Sri Ganapathi Nagar?

The current guideline value of Sri Ganapathi Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since 2012, with a notable increase of 49% from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023. The value has not changed from 2023 to 2024.

What are the guideline values of other streets in 96 Sirunkundram?

In 96 Sirunkundram, the guideline values of other streets include Sreeram Nagar at Rs 200 per sq.ft, Veerapathiran Nagar at Rs 150 per sq.ft, and Ganesh Nagar at Rs 200 per sq.ft for 2024.

How is stamp duty calculated in Sri Ganapathi Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000.

Where can I find the Sub Registrar Office for Sri Ganapathi Nagar?

The Sub Registrar Office for Sri Ganapathi Nagar is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.