Guideline Value for SRI GANAPATHY NAGAR

Sri Ganapathy Nagar guideline value

The current guideline value of Sri Ganapathy Nagar is Rs 150 per sq.ft, effective from 1 July 2024. This area is located in Puliyampakkam village under the Walajabad SRO, classified as Residential Class I Type - III.

How the guideline value of Sri Ganapathy Nagar has changed

Since the 2012 revision, the guideline value for Sri Ganapathy Nagar has remained stable at Rs 150 per sq.ft as of 2024, showing no change overall from the 2012 figure. The 2017 revision saw a decrease to Rs 100 per sq.ft, which was a reduction of 33% from the previous Rs 150 per sq.ft in 2012. Following this, the 2023 revision brought the value back up to Rs 150 per sq.ft, marking a 50% increase from the 2017 figure.

In the latest revision for 2024, the guideline value remains unchanged at Rs 150 per sq.ft, consistent with the 2023 revision. The register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Puliyampakkam

In Puliyampakkam, there are 26 streets under the Walajabad SRO with a 2024 guideline value ranging from Rs 150 to Rs 550 per sq.ft, where the median value is Rs 250 per sq.ft. Sri Ganapathy Nagar's current value is below this median.

• Sri Gangai Amman Nagar: Rs 200 per sq.ft (2024)
• Sri Lakshmi Narasimman Garden: Rs 250 per sq.ft (2024)
• Sri Rangan Nagar: Rs 300 per sq.ft (2024)
• Sri Sairam Nagar: Rs 200 per sq.ft (2024)
• Sri Selvi Nagar: Rs 200 per sq.ft (2024)
• Sri Sivam Avenue: Rs 200 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 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, making the total charges Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Ganapathy Nagar?

The Sub Registrar Office that covers Sri Ganapathy Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential reference point when registering a property in Puliyampakkam. It determines the minimum value at which a property can be registered, ensuring that the state collects the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the baseline value of the property. It is crucial for ensuring compliance with local regulations and for calculating the necessary fees associated with the transaction.

Frequently asked questions

What is the current guideline value of Sri Ganapathy Nagar?

The current guideline value of Sri Ganapathy Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft from 2012 to 2024, with a reduction to Rs 100 per sq.ft in 2017 before returning to Rs 150 per sq.ft in 2023.

What are the guideline values of other streets in Puliyampakkam?

Other streets in Puliyampakkam have guideline values ranging from Rs 200 to Rs 300 per sq.ft in 2024, with Sri Ganapathy Nagar being below the median value of Rs 250 per sq.ft.

What fees are associated with buying property in Sri Ganapathy Nagar?

When buying property in Sri Ganapathy Nagar, buyers should expect to pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

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

The Walajabad Sub Registrar Office covers Sri Ganapathy Nagar, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.