Guideline Value for SRI SELVA GANAPATHI NAGAR

Sri Selva Ganapathi Nagar guideline value

The current guideline value for Sri Selva Ganapathi Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This locality is situated in Siruvanoor village, under the Tiruvallur Joint 1 SRO, and is classified as Residential Class II Type - II.

How the guideline value of Sri Selva Ganapathi Nagar has changed

According to the guideline value register, there are no figures available for Sri Selva Ganapathi Nagar for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision also listed the guideline value at Rs 300 per sq.ft, which remained unchanged in the 2024 revision.

The most recent revision in 2024 shows a guideline value of Rs 300 per sq.ft, with no percentage change from the previous year, 2023. This indicates that the guideline value has remained stable over the last two years.

Guideline values in Siruvanoor

In Siruvanoor, there are 18 streets under the Tiruvallur Joint 1 SRO that have a 2024 guideline value ranging from Rs 100 to Rs 900 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value for Sri Selva Ganapathi Nagar is above this median.

• Sri Varsha Garden: Rs 400 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 200 per sq.ft (2024)
• Sri Krishna Nagar & Pahse-I: Rs 300 per sq.ft (2024)
• S.P. Garden: Rs 100 per sq.ft (2024)
• S.J.N. Nagar: Rs 100 per sq.ft (2024)
• Senthil Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Selva Ganapathi 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, bringing the total cost to Rs 27,000. 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 details on your specific property transaction.

Which Sub Registrar Office covers Sri Selva Ganapathi Nagar?

The Sub Registrar Office that covers Sri Selva Ganapathi Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor in determining the stamp duty and registration fees when buying or selling property in Siruvanoor. It serves as a benchmark for the minimum value at which properties can be registered, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the sale price is compared to the guideline value. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring that transactions are taxed fairly based on property values.

Frequently asked questions

What is the current guideline value for Sri Selva Ganapathi Nagar?

The current guideline value for Sri Selva Ganapathi 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 for both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Sri Selva Ganapathi Nagar?

Sri Selva Ganapathi Nagar is classified as Residential Class II Type - II under the guideline value register.

How does the guideline value compare to other streets in Siruvanoor?

The guideline value of Rs 300 per sq.ft for Sri Selva Ganapathi Nagar is above the median value of Rs 250 per sq.ft for the 2024 revisions of other streets in Siruvanoor.

What are the fees associated with property transactions in Sri Selva Ganapathi Nagar?

For a property valued at Rs 3,00,000, the total stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000. These fees are based on the higher of the guideline value or the sale price.