Guideline Value for SRI GANAPATHY NAGAR

Sri Ganapathy Nagar guideline value

The current guideline value of Sri Ganapathy Nagar is Rs 1,300 per sq.ft. This area is located in Nalambakkam village and falls under the Gooduvancheri SRO. The land classification for this locality is Residential Special Type - II.

How the guideline value of Sri Ganapathy Nagar has changed

In the 2017 revision, the guideline value was set at Rs 871 per sq.ft. The most recent revision in 2023 increased this value to Rs 1,300 per sq.ft, marking a significant increase of 49% over the six-year period. The register does not provide figures for the years 2024, 2012, 2007, 2003, and 2002 for this street.

To summarize, the guideline value has seen a notable rise from Rs 871 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2023. The absence of figures from previous revisions indicates a lack of recorded changes in the guideline value for those years.

Guideline values in Nalambakkam

Currently, there are no specific village figures available for Nalambakkam. Sri Ganapathy Nagar is the only street mentioned in the context of guideline values under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Sri Ganapathy Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. 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 Ganapathy Nagar?

The Gooduvancheri Sub Registrar Office covers Sri Ganapathy Nagar. The address is Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential aspect of property transactions in Nalambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately, reflecting the value of the property for legal and taxation purposes. Buyers and sellers must be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Sri Ganapathy Nagar?

The current guideline value of Sri Ganapathy Nagar is Rs 1,300 per sq.ft as per the 2023 revision.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 871 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2023, which is a change of 49%.

Are there any guideline values for previous years?

The register does not provide figures for the years 2024, 2012, 2007, 2003, and 2002 for Sri Ganapathy Nagar.

What are the stamp duty and registration fees for a property in Sri Ganapathy Nagar?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000, and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Which office do I need to visit for registration in Sri Ganapathy Nagar?

The Gooduvancheri Sub Registrar Office is responsible for registrations in Sri Ganapathy Nagar. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.