Guideline Value for SRI GANAPATHY NAGAR

Sri Ganapathy Nagar guideline value

The current guideline value of Sri Ganapathy Nagar is Rs 201 per sq.ft. This locality is situated in Manampathi village and falls under the Uthiramerur SRO. The land classification for this area is Mixed Type - II.

How the guideline value of Sri Ganapathy Nagar has changed

In the 2024 revision, the guideline value for Sri Ganapathy Nagar is Rs 201 per sq.ft, which is the same as the 2023 revision. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Since the 2023 revision, there has been no change in the guideline value, remaining at Rs 201 per sq.ft. This consistency indicates stability in the guideline value for the current revisions.

Guideline values in Manampathi

In Manampathi, there are 13 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 201 to Rs 329 per sq.ft, with a median value of Rs 300 per sq.ft. Sri Ganapathy Nagar's 2024 figure is below this median.

• Sri Lakshmi Nagar: Rs 302 per sq.ft (2024)
• Thendral Nagar: Rs 302 per sq.ft (2024)
• Madha Nagar - II: Rs 302 per sq.ft (2024)
• Balaji Nagar: Rs 302 per sq.ft (2024)
• Anu Avenue: Rs 263 per sq.ft (2024)
• Sri Ganapathy Nagar Extension: Rs 201 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ganapathy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 201 per sq.ft, the total guideline value amounts to Rs 2,01,000. The stamp duty at 7% would be Rs 14,070, and the registration fee at 2% would be Rs 4,020, making the total cost for these fees Rs 18,090. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Ganapathy Nagar?

The Sub Registrar Office that covers Sri Ganapathy Nagar is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Manampathi. It is used to determine the stamp duty and registration fees when buying or selling a property, ensuring that the fees are calculated based on the official rates set by the government.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two figures is used for calculating the applicable duties. This ensures that the transaction adheres to the legal requirements and reflects the correct value for taxation purposes.

Frequently asked questions

What is the current guideline value of Sri Ganapathy Nagar?

The current guideline value of Sri Ganapathy Nagar is Rs 201 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Ganapathy Nagar has remained at Rs 201 per sq.ft since the 2023 revision. There are no figures available for the revisions prior to 2023 for this street.

What is the median guideline value in Manampathi?

The median guideline value in Manampathi is Rs 300 per sq.ft for the year 2024. Sri Ganapathy Nagar's guideline value is below this median.

Where can I find the Uthiramerur Sub Registrar Office?

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.

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

Stamp duty for properties in Sri Ganapathy Nagar is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 2,01,000, the stamp duty would be Rs 14,070 at 7%.