Guideline Value for Sri Ganapathi Nagar Colony

Sri Ganapathi Nagar Colony guideline value

The current guideline value for Sri Ganapathi Nagar Colony is Rs 800 per sq.ft. This area is located in Vengadamangalam village and falls under the Gooduvancheri SRO. The land classification for this locality is Residential Special Type - II.

How the guideline value of Sri Ganapathi Nagar Colony has changed

Over the years, the guideline value of Sri Ganapathi Nagar Colony has seen significant changes. Starting from Rs 160 per sq.ft in 2007, it increased to Rs 800 per sq.ft in 2012, marking a substantial rise of 400%. However, in the 2017 revision, the value dropped to Rs 536 per sq.ft, a decrease of 33%. The most recent revision in 2023 saw the guideline value return to Rs 800 per sq.ft, representing an increase of 49% from the previous figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 400%. It is important to note that the register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Vengadamangalam

Currently, there are no specific village figures provided for Vengadamangalam. Sri Ganapathi Nagar Colony is one of the areas 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 of Rs 800 per sq.ft, the guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sri Ganapathi Nagar Colony?

The Sub Registrar Office that covers Sri Ganapathi Nagar Colony is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vengadamangalam. It serves as a benchmark for determining the minimum value of a property, ensuring that the transaction is recorded accurately and fairly.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

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 800 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 160 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, then dropping to Rs 536 per sq.ft in 2017, and returning to Rs 800 per sq.ft in 2023.

Is there a guideline value for the year 2024?

No, the register has no figure for the year 2024 for Sri Ganapathi Nagar Colony.

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

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000, totaling Rs 72,000.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.