Guideline Value

Corporate

Guideline Value for SRI GANESH NAGAR

₹250/sq.ft.

The guideline value for Sri Ganesh Nagar in Anupampattu_2 village (Ponneri SRO, Chennai zone) is Rs 250 per sq.ft, effective 1 July 2024. It was Rs 300 per sq.ft from 1 April 2023, a -17% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Anupampattu_2

Village

Ponneri

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹250 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

9/5,taluk Office Road, Ponneri, Chennai-601204
044-27974517
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sri Ganesh Nagar

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Sri Ganesh Nagar guideline value

The current guideline value of Sri Ganesh Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Anupampattu_2 village under the Ponneri SRO, classified as Residential Class II Type - I.

How the guideline value of Sri Ganesh Nagar has changed

The guideline value for Sri Ganesh Nagar has undergone several revisions over the years. The earliest recorded revision was in 2017, setting the value at Rs 201 per sq.ft. This increased to Rs 300 per sq.ft in 2023, marking a 49% rise. However, in the 2024 revision, the guideline value decreased to Rs 250 per sq.ft, representing a 17% drop from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 24%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Anupampattu_2

In Anupampattu_2, there are 35 streets under the Ponneri SRO with a 2024 guideline value ranging from Rs 250 to Rs 500 per sq.ft. The median value for these streets is Rs 250 per sq.ft, making the guideline value of Sri Ganesh Nagar equal to this median.

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 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total cost for these fees to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sri Ganesh Nagar?

The Sri Ganesh Nagar area falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Anupampattu_2

The guideline value is a crucial factor during property registration in Anupampattu_2. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, both parties must consider the guideline value, as it influences the overall cost of the transaction. It is essential to ensure that the sale price meets or exceeds the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Sri Ganesh Nagar?

The current guideline value of Sri Ganesh Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, and then decreased to Rs 250 per sq.ft in 2024. This represents a 49% increase from 2017 to 2023, followed by a 17% decrease in the subsequent year.

What is the classification of land in 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 the registration of properties in the area.

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

Stamp duty is calculated as a percentage of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 at a rate of 7%.