Guideline Value for SRI GANAPATHYPURAM

Sri Ganapathypuram guideline value

The current guideline value of Sri Ganapathypuram is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Eagattur village under the Manavalanagar SRO, classified as Residential Class I Type - I.

How the guideline value of Sri Ganapathypuram has changed

The guideline value for Sri Ganapathypuram has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2024 revision. The 2017 revision saw a decrease to Rs 134 per sq.ft, followed by a significant increase of 49% to Rs 200 per sq.ft in 2023. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2024, the overall change in guideline value is 0%. The 2024 revision maintains the value at Rs 200 per sq.ft, which is consistent with the 2023 revision. This stability contrasts with the fluctuations observed between 2012 and 2017, where the value decreased by 33%.

Guideline values in Eagattur

In Eagattur, there are 31 streets under the Manavalanagar SRO with a 2024 guideline value ranging from Rs 100 to Rs 330 per sq.ft. The median value is Rs 190 per sq.ft, placing Sri Ganapathypuram's 2024 figure above this median.

• Sri Ganapathypuram Phase I: Rs 154 per sq.ft (2024)
• Sri Bhavani Amman Nagar: Rs 154 per sq.ft (2024)
• Sree Kamatchi Nagar: Rs 170 per sq.ft (2024)
• Sri Radhakrishna Nagar: Rs 154 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 154 per sq.ft (2024)
• Thirumalai Nagar: Rs 190 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ganapathypuram

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total cost for these fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Ganapathypuram?

The Sub Registrar Office that covers Sri Ganapathypuram is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Eagattur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Sri Ganapathypuram?

The current guideline value of Sri Ganapathypuram is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revisions being Rs 200 per sq.ft in both 2023 and 2024, and Rs 134 per sq.ft in 2017. There were no figures available for the years 2002, 2003, and 2007.

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

Other streets in Eagattur have varying guideline values, with rates ranging from Rs 154 to Rs 190 per sq.ft in 2024. Sri Ganapathypuram's value is higher than the median value of Rs 190 per sq.ft for the area.

What are the stamp duty and registration fees for properties in Sri Ganapathypuram?

The stamp duty is charged at 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total of Rs 18,000 in fees based on the current guideline value.

Where is the Sub Registrar Office for Sri Ganapathypuram located?

The Sub Registrar Office for Sri Ganapathypuram is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.