Guideline Value for SRI THANGA GANESH NAGAR

Sri Thanga Ganesh Nagar guideline value

The current guideline value of Sri Thanga Ganesh Nagar is Rs 402 per sq.ft, effective from 1 July 2024. This area is located in Orathur village under the Gooduvancheri SRO and is classified as Residential Class IV Type - I.

How the guideline value of Sri Thanga Ganesh Nagar has changed

The guideline value for Sri Thanga Ganesh Nagar has remained consistent across several revisions. The 2017 revision set the value at Rs 402 per sq.ft, which was unchanged in the subsequent 2023 revision. The latest revision in 2024 also maintains this figure at Rs 402 per sq.ft, reflecting no change from the previous years.

It is important to note that the register does not provide figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has shown no increase, remaining at Rs 402 per sq.ft throughout this period.

Guideline values in Orathur

In Orathur, there are 80 streets under the Gooduvancheri SRO with a 2024 guideline value range from Rs 335 to Rs 1,700 per sq.ft. The median guideline value for these streets is Rs 500 per sq.ft, placing the 2024 figure for Sri Thanga Ganesh Nagar below this median.

• Sri Suraikai Chittar Nagar: Rs 400 per sq.ft (2024)
• Sri Shanmuga Nagar Phase-III: Rs 400 per sq.ft (2024)
• Sri Vigneshwara Nagar: Rs 400 per sq.ft (2024)
• Sri Vigneshwara Nagar Extn: Rs 400 per sq.ft (2024)
• Sri Saravana Nagar Phase I: Rs 500 per sq.ft (2024)
• Sri Saravana Nagar: Rs 500 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 402 per sq.ft, the total guideline value amounts to Rs 4,02,000. The stamp duty, calculated at 7%, would be Rs 28,140, while the registration fee at 2% would be Rs 8,040, bringing the total fees to Rs 36,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Thanga Ganesh Nagar?

The Sub Registrar Office that covers Sri Thanga Ganesh Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Orathur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction, based on the established guideline value.

Frequently asked questions

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

The current guideline value of Sri Thanga Ganesh Nagar is Rs 402 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 402 per sq.ft since the 2017 revision through the 2024 revision, showing no increase over these years.

What is the land classification for Sri Thanga Ganesh Nagar?

Sri Thanga Ganesh Nagar is classified as Residential Class IV Type - I, indicating its designation for residential purposes.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 4,02,000, the stamp duty is Rs 28,140 and the registration fee is Rs 8,040, totaling Rs 36,180. These fees are calculated based on the guideline value.

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

The Gooduvancheri Sub Registrar Office covers Sri Thanga Ganesh Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.