Guideline Value for SRI GANAPATHY NAGAR

Sri Ganapathy Nagar guideline value

The current guideline value of Sri Ganapathy Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This locality is situated in Siyamangalam village, under the Walajabad SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sri Ganapathy Nagar has changed

The guideline value for Sri Ganapathy Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged in the subsequent 2017 revision. However, in the 2017 revision, the value was reduced by 33% from the previous figure of Rs 167 per sq.ft. The 2023 revision maintained the guideline value at Rs 250 per sq.ft, and this value has not changed in the latest 2024 revision.

Overall, from the 2012 revision to the 2024 revision, the guideline value has seen no change. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Siyamangalam

Siyamangalam village has 12 streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 371 per sq.ft, with a median value of Rs 300 per sq.ft. The guideline value of Sri Ganapathy Nagar is below this median.

• Sri Ganesa Nagar: Rs 371 per sq.ft (2024)
• Sri Lakshmi Avenue: Rs 300 per sq.ft (2024)
• Sri Annamalaiyar Nagar: Rs 300 per sq.ft (2024)
• Sri Mahalakshmi Nagar: Rs 371 per sq.ft (2024)
• Sri Ramajayam Nagar: Rs 371 per sq.ft (2024)
• Sri Samy Nagar: Rs 300 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 rate of Rs 250 per sq.ft, the guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Ganapathy Nagar?

The Sub Registrar Office covering 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 Siyamangalam

The guideline value plays a crucial role in the registration process when buying or selling property in Siyamangalam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration fees reflect the value of the property accurately.

Frequently asked questions

What is the current guideline value of Sri Ganapathy Nagar?

The current guideline value of Sri Ganapathy Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft since 2012, with a reduction in 2017 from Rs 167 per sq.ft. There were no figures available for the years 2002, 2003, and 2007.

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

Other streets in Siyamangalam include Sri Ganesa Nagar at Rs 371 per sq.ft, Sri Lakshmi Avenue and Sri Annamalaiyar Nagar at Rs 300 per sq.ft, and Sri Mahalakshmi Nagar, Sri Ramajayam Nagar at Rs 371 per sq.ft, and Sri Samy Nagar at Rs 300 per sq.ft.

How is stamp duty calculated in Sri Ganapathy Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For instance, for a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 at a rate of 7%.

Where is the Sub Registrar Office for Sri Ganapathy Nagar located?

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