Guideline Value for SRI GANESH NAGAR

Sri Ganesh Nagar guideline value

The current guideline value of Sri Ganesh Nagar, located in Anupampattu village under the Ponneri SRO, is Rs 300 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Sri Ganesh Nagar has changed

The guideline value for Sri Ganesh Nagar has seen several revisions over the years. In the 2012 revision, the value was set at Rs 300 per sq.ft. This figure was then reduced to Rs 201 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 300 per sq.ft. The 2024 revision maintains this figure, showing no change from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for Sri Ganesh Nagar in the register. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 300 per sq.ft.

Guideline values in Anupampattu

In Anupampattu, there are 42 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 500 per sq.ft, with the median being Rs 300 per sq.ft. Sri Ganesh Nagar's 2024 figure aligns with this median.

• Sri Kamatchi Amman Nagar: Rs 300 per sq.ft (2024)
• Sri Kamatchi Nagar: Rs 300 per sq.ft (2024)
• Sri Mehar Baba Nagar: Rs 300 per sq.ft (2024)
• Sri Amman Nagar: Rs 300 per sq.ft (2024)
• Srinivasan Nagar: Rs 300 per sq.ft (2024)
• Sri Padmavathi Nagar: Rs 300 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 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, resulting in a total of Rs 27,000. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Ganesh Nagar?

Sri Ganesh Nagar falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For further assistance, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Anupampattu. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that these charges are based on the official valuation of the property.

Frequently asked questions

What is the current guideline value of Sri Ganesh Nagar?

The current guideline value of Sri Ganesh Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft in the 2023 and 2024 revisions. It was Rs 201 per sq.ft in 2017, down from Rs 300 per sq.ft in 2012.

What is the land classification for Sri Ganesh Nagar?

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

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles all registration activities for the area.

How is 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 Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000, leading to a stamp duty of Rs 21,000.