Guideline Value for SRI SAI GANESH NAGAR

Sri Sai Ganesh Nagar guideline value

The current guideline value of Sri Sai Ganesh Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Mangalam village under the Thirukazhukundram SRO and is classified as Residential Special Type - I.

How the guideline value of Sri Sai Ganesh Nagar has changed

According to the guideline value register, the 2024 revision sets the value at Rs 600 per sq.ft, which is the same as the 2023 revision. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

From 2023 to 2024, there was no change in the guideline value, maintaining a consistent rate of Rs 600 per sq.ft. This stability indicates a steady valuation in this locality over the last two years.

Guideline values in Mangalam

In Mangalam, there are 15 streets under the Thirukazhukundram SRO that have a 2024 guideline value ranging from Rs 350 to Rs 1,300 per sq.ft, with a median value of Rs 575 per sq.ft. Sri Sai Ganesh Nagar's current guideline value is above this median.

• Sri Sai Ganesh Nagar Phase II: Rs 600 per sq.ft (2024)
• Sri Sai Vignesh Nagar: Rs 801 per sq.ft (2024)
• Sri Ragavendra Avenue: Rs 402 per sq.ft (2024)
• Singhvi Emerald: Rs 1,000 per sq.ft (2024)
• Vedagiris Mount City Part - II: Rs 575 per sq.ft (2024)
• Ram Avenue: Rs 402 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sai Ganesh Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total cost to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sri Sai Ganesh Nagar?

The Sub Registrar Office that covers Sri Sai Ganesh Nagar is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Mangalam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is officially recorded at a recognized value.

When a property is sold, the guideline value serves as a benchmark to assess the legitimacy of the sale price. If the sale price is lower than the guideline value, the higher guideline value will be used for calculating the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Sri Sai Ganesh Nagar?

The current guideline value of Sri Sai Ganesh Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft for both the 2023 and 2024 revisions. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the median guideline value for streets in Mangalam?

The median guideline value for streets in Mangalam is Rs 575 per sq.ft, with values ranging from Rs 350 to Rs 1,300 per sq.ft as per the 2024 revision.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, a 1,000 sq.ft plot at Rs 600 per sq.ft results in a total guideline value of Rs 6,00,000.

Where can I find the Sub Registrar Office for Sri Sai Ganesh Nagar?

The Sub Registrar Office for Sri Sai Ganesh Nagar is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.