Guideline Value for SRI GANAPATHI NAGAR

Sri Ganapathi Nagar guideline value

The current guideline value of Sri Ganapathi Nagar, located in Kattoor village under the Thiruporur SRO, is Rs 250 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III Type - I land classification.

How the guideline value of Sri Ganapathi Nagar has changed

Over the years, the guideline value of Sri Ganapathi Nagar has seen several revisions. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2017 revision when it decreased to Rs 167 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased by 50% back to Rs 250 per sq.ft. The 2024 revision has maintained this value at Rs 250 per sq.ft, indicating no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the only revisions available are from 2012, 2017, 2023, and 2024.

Guideline values in Kattoor

In Kattoor, there are 22 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 1,493 per sq.ft, with a median value of Rs 749 per sq.ft. The guideline value of Sri Ganapathi Nagar is below this median.

• Sri Arumugam Nagar: Rs 602 per sq.ft (2024)
• Sowndharya Avenue: Rs 300 per sq.ft (2024)
• Sri Uthira Vaidhiya Lingeswarar Nagar: Rs 600 per sq.ft (2024)
• Sterling Sundara Pandiam: Rs 602 per sq.ft (2024)
• Sai Garden: Rs 600 per sq.ft (2024)
• V.G.P Gold Chip: Rs 1,269 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 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is important to note that the 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 Sri Ganapathi Nagar area is covered by 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 Kattoor

The guideline value is a crucial factor in property transactions in Kattoor, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

It is essential for buyers and sellers to be aware of the guideline value when engaging in property transactions, as it affects the overall cost of registration. Understanding the current guideline value can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Sri Ganapathi Nagar?

The current guideline value of Sri Ganapathi Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft from 2012 to 2024, with a decrease to Rs 167 per sq.ft in 2017 and an increase back to Rs 250 per sq.ft in 2023.

What are the other streets in Kattoor and their guideline values?

Other streets in Kattoor include Sri Arumugam Nagar at Rs 602 per sq.ft, Sowndharya Avenue at Rs 300 per sq.ft, and several others, with values ranging from Rs 250 to Rs 1,493 per sq.ft.

What fees are associated with property registration in Sri Ganapathi Nagar?

For a property in Sri Ganapathi Nagar, the stamp duty is 7% and the registration fee is 2% of the guideline value, which can be calculated using the guideline value or the sale price, whichever is higher.

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

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