Guideline Value for SRI GANAPATHY NAGAR COLONY

Sri Ganapathy Nagar Colony guideline value

The current guideline value of Sri Ganapathy Nagar Colony is Rs 660 per sq.ft, effective from 1 July 2024. This locality is situated in Sattamangalam village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - III.

How the guideline value of Sri Ganapathy Nagar Colony has changed

The guideline value for Sri Ganapathy Nagar Colony has seen significant changes over the years. In the 2007 revision, the value was Rs 152 per sq.ft. This figure increased to Rs 600 per sq.ft in the 2023 revision, marking a substantial rise of 295%. The most recent revision in 2024 set the guideline value at Rs 660 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street. Overall, from 2007 to 2024, the guideline value has increased by 334%.

Guideline values in Sattamangalam

Sattamangalam village has a total of 425 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in the area is Rs 1,100 per sq.ft, placing Sri Ganapathy Nagar Colony's 2024 figure below this median.

• Sri Ganapathy Garden Permanur (Ward -15): Rs 440 per sq.ft (2024)
• Sri Ganapathi Nagar Colony: Rs 660 per sq.ft (2024)
• Sri Chandra Surya Gardens (Ward -15): Rs 990 per sq.ft (2024)
• Sri Bhuvaneswari Avenue Peramanur (Ward -15): Rs 660 per sq.ft (2024)
• Sri Bavani Nagar Peramanur (Ward -15): Rs 440 per sq.ft (2024)
• Sri Krishna 4th Street Korukanthangal (Ward -18): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ganapathy Nagar Colony

For a 1,000 sq.ft plot at the current rate of Rs 660 per sq.ft, the guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Ganapathy Nagar Colony?

The Sub Registrar Office that covers Sri Ganapathy Nagar Colony is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is an essential factor when registering property transactions in Sattamangalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process.

Frequently asked questions

What is the current guideline value of Sri Ganapathy Nagar Colony?

The current guideline value of Sri Ganapathy Nagar Colony is Rs 660 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased significantly from Rs 152 per sq.ft in 2007 to Rs 660 per sq.ft in 2024, marking an overall increase of 334% over this period.

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

Other streets in Sattamangalam include Sri Ganapathy Garden Permanur at Rs 440 per sq.ft, Sri Chandra Surya Gardens at Rs 990 per sq.ft, and Sri Bhuvaneswari Avenue Peramanur at Rs 660 per sq.ft, among others.

How is the stamp duty calculated for properties in Sri Ganapathy Nagar Colony?

Stamp duty for properties in Sri Ganapathy Nagar Colony is calculated at 7% of the guideline value or the sale price, whichever is higher. The registration fee is charged at 2% of the guideline value.

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

The Sub Registrar Office covering Sri Ganapathy Nagar Colony is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.