Guideline Value for SRI RAM GANAPATHI NAGAR

Sri Ram Ganapathi Nagar guideline value

The current guideline value of Sri Ram Ganapathi Nagar is Rs 485 per sq.ft, effective from 1 July 2024. This area is located in Vichoor_B village under the Thiruvottiyur SRO, classified as Residential Class I Type - I.

How the guideline value of Sri Ram Ganapathi Nagar has changed

The guideline value for Sri Ram Ganapathi Nagar has undergone several revisions over the years. The 2017 revision recorded a value of Rs 295 per sq.ft. This increased significantly to Rs 441 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 485 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Vichoor_B

In Vichoor_B, there are 45 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 550 per sq.ft. The median value is Rs 485 per sq.ft, which is equal to the guideline value of Sri Ram Ganapathi Nagar.

• Sri Ram Nagar: Rs 485 per sq.ft (2024)
• Sri Ramnagar Extn: Rs 485 per sq.ft (2024)
• Srinivasa Nagar: Rs 485 per sq.ft (2024)
• Sri Mugambigai Nagar: Rs 485 per sq.ft (2024)
• Sri Mahalashmi Nagar: Rs 485 per sq.ft (2024)
• St. Thomas Nagar: Rs 485 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ram Ganapathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 485 per sq.ft, the total guideline value amounts to Rs 4,85,000. The stamp duty, charged at 7%, would be Rs 33,950, and the registration fee at 2% would be Rs 9,700, bringing the total charges to Rs 43,650. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Sri Ram Ganapathi Nagar?

The Sub Registrar Office covering Sri Ram Ganapathi Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Vichoor_B. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the current guideline value, as it affects the overall transaction costs. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Sri Ram Ganapathi Nagar?

The current guideline value of Sri Ram Ganapathi Nagar is Rs 485 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 295 per sq.ft in 2017 to Rs 485 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the stamp duty and registration fees for property in Sri Ram Ganapathi Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 4,85,000. The stamp duty at 7% is Rs 33,950, and the registration fee at 2% is Rs 9,700, totaling Rs 43,650.

Which office handles property registrations for Sri Ram Ganapathi Nagar?

The Thiruvottiyur Sub Registrar Office handles property registrations for Sri Ram Ganapathi Nagar, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration value of a property and is essential for calculating stamp duty and registration fees during property transactions.