Guideline Value for SRI GANAPATHY NAGAR

Sri Ganapathy Nagar guideline value

The current guideline value for Sri Ganapathy Nagar is Rs 150 per sq.ft, effective from 1 July 2024. This area falls under Kuruvoyal village and is registered with the Arani_Tiruvallur SRO. The land classification for this locality is Residential Class IV Type - I.

How the guideline value of Sri Ganapathy Nagar has changed

In the 2017 revision, the guideline value was set at Rs 100 per sq.ft. This figure increased by 50% to Rs 150 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from 2017 to 2024, the guideline value has increased by 50%. The 2023 to 2024 revision showed no change, maintaining the value at Rs 150 per sq.ft.

Guideline values in Kuruvoyal

Currently, there are no specific village figures provided for Kuruvoyal. Sri Ganapathy Nagar is the only street mentioned under the Arani_Tiruvallur SRO.

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 would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total to Rs 13,500. 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 Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duty are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property in Kuruvoyal, it is essential to be aware of the current guideline value to ensure compliance with local regulations. This value can affect the overall cost of purchasing a property, making it important for buyers to factor it into their budgets.

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 increased from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in 2023, remaining unchanged in 2024. Overall, there has been a 50% increase from 2017 to 2024.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 1,50,000, the total stamp duty would be Rs 10,500, and the registration fee would be Rs 3,000, totaling Rs 13,500.

Which office handles property registrations in Sri Ganapathy Nagar?

The Arani_Tiruvallur Sub Registrar Office handles property registrations for Sri Ganapathy Nagar. The office is located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone.

What is the land classification for Sri Ganapathy Nagar?

Sri Ganapathy Nagar is classified as Residential Class IV Type - I. This classification can affect the types of properties and developments allowed in the area.