Guideline Value for SRI GANAPATHI NAGAR

Sri Ganapathi Nagar guideline value

The current guideline value of Sri Ganapathi Nagar, located in Siruthavoor village under the Thiruporur SRO, is Rs 400 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Sri Ganapathi Nagar has changed

The guideline value for Sri Ganapathi Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 250 per sq.ft, which then decreased to Rs 167 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 400 per sq.ft, representing a rise of 140%. The 2023 revision maintained this figure, and the current 2024 revision also remains at Rs 400 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 the 2012 revision to the current 2024 figure, the guideline value has increased by 60%.

Guideline values in Siruthavoor

In Siruthavoor, there are six streets under the Thiruporur SRO that carry a 2024 guideline value, ranging from Rs 350 to Rs 1,385 per sq.ft. The median value for these streets is Rs 825 per sq.ft, placing Sri Ganapathi Nagar's 2024 value below this median.

• Omr Sri City: Rs 1,250 per sq.ft (2024)
• Iyappan Nagar: Rs 400 per sq.ft (2024)
• Brick Field: Rs 350 per sq.ft (2024)
• Metro Bliss City: Rs 1,290 per sq.ft (2024)
• Omr Sri City Phase II: Rs 1,385 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 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total cost for these fees to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

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 Siruthavoor

The guideline value is a crucial factor when registering property transactions in Siruthavoor. It serves as a benchmark for determining the minimum value at which properties can be sold or bought, ensuring that the registration process is transparent and standardized.

When you buy or sell property, the guideline value will be used to calculate the applicable stamp duty and registration fees. This ensures that all parties involved are aware of the costs associated with the transaction based on the officially recognized value of the property.

Frequently asked questions

What is the current guideline value of Sri Ganapathi Nagar?

The current guideline value of Sri Ganapathi Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023 and 2024, showing significant changes over the years.

What is the land classification of Sri Ganapathi Nagar?

Sri Ganapathi Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

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

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000.

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.