Guideline Value for SRI GANAPATHI NAGAR

Sri Ganapathi Nagar guideline value

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

How the guideline value of Sri Ganapathi Nagar has changed

The guideline value for Sri Ganapathi Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged in the subsequent 2017 revision, where the value dropped to Rs 268 per sq.ft. The 2023 revision brought the value back to Rs 400 per sq.ft, and the 2024 revision maintained this figure, showing no percentage change from 2023 to 2024. The overall change from 2012 to 2024 is also 0%.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. The revisions for the years 2002, 2003, and 2007 have no figure available for this street in the register.

Guideline values in Ikkadu

In Ikkadu, there are 51 streets under the Tiruvallur Joint 1 SRO that have a 2024 guideline value ranging from Rs 100 to Rs 1,400 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value for Sri Ganapathi Nagar is equal to this median.

• Sri Ganapathi Nagar Extension: Rs 335 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

For a 1,000 sq.ft plot at the current rate, the guideline value is 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, totaling Rs 36,000. 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?

Sri Ganapathi Nagar falls under 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 a critical factor in property transactions in Ikkadu, as it determines the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must consider this value when negotiating property prices to ensure compliance with local regulations.

When registering a property, the guideline value is used to assess the applicable fees. It is essential for both parties to be aware of this value to avoid any discrepancies 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 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen revisions in 2012, 2017, 2023, and 2024. The value was Rs 400 per sq.ft in 2012, dropped to Rs 268 per sq.ft in 2017, returned to Rs 400 per sq.ft in 2023, and remained the same in 2024.

What is the land classification of Sri Ganapathi Nagar?

Sri Ganapathi Nagar is classified as Residential Class II Type - II under the Tiruvallur Joint 1 SRO.

What are the other streets in Ikkadu with their guideline values?

Other streets in Ikkadu include Sri Ganapathi Nagar Extension at Rs 335 per sq.ft, Srinivasa Nagar Annex at Rs 402 per sq.ft, and Sri Sai Nagar at Rs 500 per sq.ft, among others.

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

The Sub Registrar Office covering Sri Ganapathi Nagar is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.