Guideline Value for SRI GANAPATHY NAGAR EXTENSION-II

Sri Ganapathy Nagar Extension-II guideline value

The current guideline value for Sri Ganapathy Nagar Extension-II is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Chettipunniyam village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - II.

How the guideline value of Sri Ganapathy Nagar Extension-II has changed

According to the guideline value register, there have been several revisions over the years. The register has no figure for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 1,200 per sq.ft, which remained unchanged in the 2024 revision, indicating a 0% change from 2023 to 2024.

Both the 2023 and 2024 revisions show a consistent guideline value of Rs 1,200 per sq.ft. This stability suggests that there has been no fluctuation in the guideline value for this street during these two consecutive years.

Guideline values in Chettipunniyam

In Chettipunniyam, there are 47 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 4,750 per sq.ft. The median guideline value in this area is Rs 900 per sq.ft, making the guideline value of Sri Ganapathy Nagar Extension-II above that median.

• Sri Ganapathi Nagar: Rs 1,200 per sq.ft (2024)
• Sri Hayagrivar Nagar Phase 3: Rs 900 per sq.ft (2024)
• Sri Hayagrivar Nagar Phase 5: Rs 900 per sq.ft (2024)
• Sri Devanathan Nagar: Rs 900 per sq.ft (2024)
• Sri Desikan Nagar: Rs 900 per sq.ft (2024)
• Sri Ambujammal Nagar: Rs 900 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ganapathy Nagar Extension-II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty, charged at 7%, would be Rs 84,000, while the registration fee at 2% would be Rs 24,000, bringing the total fees to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Ganapathy Nagar Extension-II?

The Sub Registrar Office that covers Sri Ganapathy Nagar Extension-II 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 information.

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

The guideline value plays a crucial role during the registration of property transactions in Chettipunniyam. It serves as the baseline for determining stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value set by the government.

When buying or selling property, the guideline value is referenced to ensure compliance with legal requirements. Buyers and sellers should be aware that the registration process will consider the guideline value, which may affect the overall transaction costs.

Frequently asked questions

What is the current guideline value of Sri Ganapathy Nagar Extension-II?

The current guideline value for Sri Ganapathy Nagar Extension-II is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained stable at Rs 1,200 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Sri Ganapathy Nagar Extension-II?

Sri Ganapathy Nagar Extension-II is classified as Residential Special Type - II, indicating its designation for residential purposes within the area.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 12,00,000 would incur a stamp duty of Rs 84,000 at a rate of 7%.

Where can I find the Sub Registrar Office for this area?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more details by visiting the relevant link.