Guideline Value for SRI GANESH NAGAR (KALLIKUPPAM)

Sri Ganesh Nagar (Kallikuppam) guideline value

The current guideline value of Sri Ganesh Nagar (Kallikuppam) is Rs 2,100 per sq.ft, effective from 1 July 2024. This area is located in Korattur village under the Villivakkam SRO and is classified as Residential Class III Type - I.

How the guideline value of Sri Ganesh Nagar (Kallikuppam) has changed

The guideline value for Sri Ganesh Nagar (Kallikuppam) has seen several revisions over the years. In the 2012 revision, the value was set at Rs 2,000 per sq.ft. This figure decreased to Rs 1,340 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value rebounded to Rs 2,000 per sq.ft in the 2023 revision, and it further increased to Rs 2,100 per sq.ft in the 2024 revision, reflecting a 5% rise from the previous year.

From 2012 to 2024, the overall change in guideline value is an increase of 5%. Notably, there are no figures available in the register for the years 2002, 2003, and 2007 for this street.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO, with guideline values ranging from Rs 1,100 to Rs 8,200 per sq.ft. The median guideline value for the area is Rs 2,500 per sq.ft, which means that the guideline value of Sri Ganesh Nagar (Kallikuppam) is below this median.

• SRI IYYAPPA NAGAR (Right Side of 200Feet Road) 1st STREET: Rs 3,300 per sq.ft (2024)
• SRI IYYAPPA NAGAR (Right Side of 200Feet Road) 2nd STREET: Rs 3,300 per sq.ft (2024)
• SRI IYYAPPA NAGAR (Right Side of 200Feet Road) 3rd STREET: Rs 3,300 per sq.ft (2024)
• SRI IYYAPPA NAGAR (Right Side of 200Feet Road) 4th STREET: Rs 3,300 per sq.ft (2024)
• SRI IYYAPPA NAGAR (Right Side of 200Feet Road) 5th STREET: Rs 3,300 per sq.ft (2024)
• SRI IYYAPPA NAGAR (Right Side of 200Feet Road) 6th STREET: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ganesh Nagar (Kallikuppam)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,100 per sq.ft, the total guideline value amounts to Rs 21,00,000. The stamp duty at 7% would be Rs 1,47,000, and the registration fee at 2% would be Rs 42,000, bringing the total cost for these charges to Rs 1,89,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sri Ganesh Nagar (Kallikuppam)?

Sri Ganesh Nagar (Kallikuppam) falls under the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your specific SRO, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Korattur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When you register a property, the authorities will assess the guideline value to ensure that the correct duties are collected. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sri Ganesh Nagar (Kallikuppam)?

The current guideline value of Sri Ganesh Nagar (Kallikuppam) is Rs 2,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 in 2023, and finally to Rs 2,100 in 2024. The overall change from 2012 to 2024 is an increase of 5%.

What is the land classification of Sri Ganesh Nagar (Kallikuppam)?

Sri Ganesh Nagar (Kallikuppam) is classified as Residential Class III Type - I. This classification is important for understanding the use and development of the land.

Where can I find the Sub Registrar Office for Sri Ganesh Nagar (Kallikuppam)?

The Villivakkam Sub Registrar Office covers Sri Ganesh Nagar (Kallikuppam) and is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in Sri Ganesh Nagar (Kallikuppam)?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 21,00,000, leading to specific charges for stamp duty and registration fees.