Guideline Value

Corporate

Guideline Value for SRI GANAPATHY NAGAR 1ST STREET

₹1630/sq.ft.

The guideline value for Sri Ganapathy Nagar 1st Street in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 1630 per sq.ft, effective 1 July 2024. It was Rs 1474 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Iii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallikaranai

Village

Chennai South Joint I

SRO

Residential Class III Type - II
History
Period Guideline Value
From 1-7-2024 ₹1630 /sq.ft.
From 1-4-2023 ₹1474 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1474 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sri Ganapathy Nagar 1st Street

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Sri Ganapathy Nagar 1st Street guideline value

The current guideline value of Sri Ganapathy Nagar 1st Street is Rs 1,630 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village, under the Chennai South Joint I SRO, and is classified as Residential Class III Type - II.

How the guideline value of Sri Ganapathy Nagar 1st Street has changed

The guideline value for Sri Ganapathy Nagar 1st Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,474 per sq.ft, which remained unchanged in the 2023 revision. However, with the 2024 revision, the guideline value increased to Rs 1,630 per sq.ft, marking an 11% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been an increase of 11%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Pallikaranai

Pallikaranai village has a total of 749 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value in this area is Rs 1,650 per sq.ft, which means that the 2024 figure for Sri Ganapathy Nagar 1st Street is below the median.

Stamp duty and registration fee for property in Sri Ganapathy Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,630 per sq.ft, the total guideline value amounts to Rs 16,30,000. The stamp duty at 7% would be Rs 1,14,100, and the registration fee at 2% would be Rs 32,600, bringing the total fees to Rs 1,46,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Ganapathy Nagar 1st Street?

The Sub Registrar Office that covers Sri Ganapathy Nagar 1st Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Pallikaranai. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction.

When a property is bought or sold, the guideline value helps in calculating the stamp duty based on the value of the property being registered. This ensures transparency and consistency in property transactions across the region.

Frequently asked questions

What is the current guideline value of Sri Ganapathy Nagar 1st Street?

The current guideline value of Sri Ganapathy Nagar 1st Street is Rs 1,630 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,474 per sq.ft in 2017 to Rs 1,630 per sq.ft in 2024, marking an overall increase of 11% during this period.

What is the land classification for Sri Ganapathy Nagar 1st Street?

Sri Ganapathy Nagar 1st Street is classified as Residential Class III Type - II.

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

For a property valued at Rs 16,30,000, the stamp duty would be Rs 1,14,100 and the registration fee would be Rs 32,600, totaling Rs 1,46,700.

Which office handles registrations for this street?

The Chennai South Joint I Sub Registrar Office handles registrations for Sri Ganapathy Nagar 1st Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.