Guideline Value for Sarva Ganapthi Nagar

Sarva Ganapthi Nagar guideline value

The current guideline value of Sarva Ganapthi Nagar is Rs 1,430 per sq.ft, effective from 1 July 2024. This area is located in Chennerkuppam village, under the Kunrathur SRO, and is classified as Residential Class I Type - III.

How the guideline value of Sarva Ganapthi Nagar has changed

The guideline value for Sarva Ganapthi Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 300 per sq.ft, which increased significantly to Rs 1,300 per sq.ft in 2012. However, this figure dropped to Rs 871 per sq.ft in 2017, before rising again to Rs 1,300 per sq.ft in 2023. The current revision in 2024 sets the guideline value at Rs 1,430 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Notably, the jump from 2007 to 2012 was a remarkable 333%, while the overall increase from 2007 to 2024 stands at 377%. The register does not provide figures for the years 2002 and 2003 for this street.

Guideline values in Chennerkuppam

Chennerkuppam village has a total of 74 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 6,895 per sq.ft. The median guideline value in this area is Rs 1,540 per sq.ft, placing Sarva Ganapthi Nagar's 2024 figure below that median.

• Sastha Nagar: Rs 1,430 per sq.ft (2024)
• Santron P Sakrapani Garden: Rs 2,090 per sq.ft (2024)
• Santhi Nagar: Rs 1,540 per sq.ft (2024)
• Seervi Nagar: Rs 1,320 per sq.ft (2024)
• Selva Ganapathi Nagar: Rs 1,430 per sq.ft (2024)
• Selva Vinayagar Nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Sarva Ganapthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value amounts to Rs 14,30,000. The stamp duty at 7% would be Rs 1,00,100, and the registration fee at 2% would be Rs 28,600, bringing the total cost to Rs 1,28,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sarva Ganapthi Nagar?

The Sub Registrar Office that covers Sarva Ganapthi Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Chennerkuppam. It serves as the basis for calculating stamp duty and registration fees, which are mandatory costs associated with property transactions.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sarva Ganapthi Nagar?

The current guideline value of Sarva Ganapthi Nagar is Rs 1,430 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,430 per sq.ft in 2024, reflecting an overall increase of 377% over this period.

What are the stamp duty rates in Sarva Ganapthi Nagar?

The stamp duty rate in Sarva Ganapthi Nagar is 7% of the guideline value or sale price, whichever is higher. For example, for a property valued at Rs 14,30,000, the stamp duty would be Rs 1,00,100.

Which office handles property registrations in Sarva Ganapthi Nagar?

The Kunrathur Sub Registrar Office handles property registrations in Sarva Ganapthi Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the median guideline value in Chennerkuppam?

The median guideline value in Chennerkuppam is Rs 1,540 per sq.ft, with Sarva Ganapthi Nagar's current guideline value being below this median.