Guideline Value for SRI GANAPATHY NAGAR

Sri Ganapathy Nagar guideline value

The current guideline value of Sri Ganapathy Nagar, located in Chinnakavanam 2 village under the Ponneri SRO, is Rs 100 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class II Type - I land classification.

How the guideline value of Sri Ganapathy Nagar has changed

According to the guideline value register, there are no figures available for Sri Ganapathy Nagar for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision recorded a guideline value of Rs 100 per sq.ft, which remained unchanged in the 2024 revision.

The 2024 revision shows a guideline value of Rs 100 per sq.ft, reflecting no change from the 2023 revision, which also had a value of Rs 100 per sq.ft. Therefore, the guideline value for this street has remained consistent across these two revisions.

Guideline values in Chinnakavanam 2

In Chinnakavanam 2, there are six streets under the Ponneri SRO that carry a 2024 guideline value of Rs 100 per sq.ft, with the median also being Rs 100 per sq.ft. Sri Ganapathy Nagar's 2024 figure is equal to this median.

• Sai City: Rs 100 per sq.ft (2024)
• R.K. Nagar: Rs 100 per sq.ft (2024)
• Jansi Co- Operative Nagar: Rs 100 per sq.ft (2024)
• Green Park: Rs 100 per sq.ft (2024)
• Grand Avenue: Rs 100 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 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, making the total cost for these fees Rs 9,000. Note that 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 Sub Registrar Office covering Sri Ganapathy Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Chinnakavanam 2

The guideline value plays a crucial role during the registration of property transactions in Chinnakavanam 2. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable stamp duty. This process helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Sri Ganapathy Nagar?

The current guideline value of Sri Ganapathy Nagar is Rs 100 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 100 per sq.ft for the years 2023 and 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Sri Ganapathy Nagar?

Sri Ganapathy Nagar falls under the Residential Class II Type - I land classification.

Where can I find the registration office for Sri Ganapathy Nagar?

The registration office for Sri Ganapathy Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 1,00,000, the stamp duty at 7% would be Rs 7,000.