Guideline Value for SRI GANESH NAGAR

Sri Ganesh Nagar guideline value

The current guideline value of Sri Ganesh Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Kalvai village under the Thiruporur SRO and is classified as Residential Class I Type - I.

How the guideline value of Sri Ganesh Nagar has changed

As per the register, there are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for Sri Ganesh Nagar. The guideline value for the 2023 revision was Rs 400 per sq.ft, which remained unchanged in the 2024 revision, reflecting a change of +0%.

Thus, the guideline value has been consistent at Rs 400 per sq.ft for both the 2023 and 2024 revisions, indicating stability in this specific area of Kalvai village.

Guideline values in Kalvai

In Kalvai, there are 31 streets under the Thiruporur SRO with a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median value across these streets is Rs 1,000 per sq.ft, positioning Sri Ganesh Nagar below this median.

• Sri Hari Nagar: Rs 701 per sq.ft (2024)
• Sri Durgha Avenue: Rs 600 per sq.ft (2024)
• Sri Krishna Nagar: Rs 1,000 per sq.ft (2024)
• Sri Baba Nagar: Rs 600 per sq.ft (2024)
• Sri PRAGALATH NAGAR: Rs 1,493 per sq.ft (2024)
• Sks-Sekar Square: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ganesh Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. 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 Ganesh Nagar?

The Sub Registrar Office covering Sri Ganesh Nagar is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during property registration in Kalvai. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official registers.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential for the legal transfer of property ownership. Ensuring that these values are adhered to is vital for compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sri Ganesh Nagar?

The current guideline value of Sri Ganesh Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Ganesh Nagar has remained unchanged at Rs 400 per sq.ft from 2023 to 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Sri Ganesh Nagar?

Sri Ganesh Nagar is classified as Residential Class I Type - I, which indicates its suitability for residential development.

Where can I find the Thiruporur Sub Registrar Office?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 28,000 at a rate of 7%.