Guideline Value for Sri Ganapathi Nagar Colony

Sri Ganapathi Nagar Colony guideline value

The current guideline value of Sri Ganapathi Nagar Colony is Rs 1,300 per sq.ft, as per the 2023 revision. This area falls under Nalambakkam village and is classified as Residential Special Type - II, with the Gooduvancheri Sub Registrar Office overseeing its registration.

How the guideline value of Sri Ganapathi Nagar Colony has changed

In the 2012 revision, the guideline value was Rs 1,300 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 871 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the guideline value increased by 49% to reach the current rate of Rs 1,300 per sq.ft.

Overall, from the 2012 revision to the 2023 revision, there has been no change in the guideline value, remaining at Rs 1,300 per sq.ft. The register does not provide figures for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Nalambakkam

Currently, the guideline value for Sri Ganapathi Nagar Colony stands at Rs 1,300 per sq.ft. Unfortunately, no figures are available for other streets in Nalambakkam under the Gooduvancheri SRO.

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

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 13,00,000. The stamp duty charged at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Ganapathi Nagar Colony?

The Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone, covers Sri Ganapathi Nagar Colony. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Nalambakkam. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, it is essential to reference the guideline value as it serves as a benchmark for the financial aspects of the transaction. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Sri Ganapathi Nagar Colony is Rs 1,300 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has seen a decrease from Rs 1,300 per sq.ft in 2012 to Rs 871 per sq.ft in 2017, followed by an increase back to Rs 1,300 per sq.ft in 2023.

What is the stamp duty for property in Sri Ganapathi Nagar Colony?

The stamp duty for property in Sri Ganapathi Nagar Colony is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sri Ganapathi Nagar Colony?

The Gooduvancheri Sub Registrar Office covers Sri Ganapathi Nagar Colony and is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Is there any guideline value for other streets in Nalambakkam?

No figures are available for other streets in Nalambakkam under the Gooduvancheri SRO at this time.