Guideline Value for Sri Ganapathi Nagar

Sri Ganapathi Nagar guideline value

The current guideline value of Sri Ganapathi Nagar, located in Athur B Block village under the Chengleput Joint II SRO, is Rs 500 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Sri Ganapathi Nagar has changed

Over the years, the guideline value for Sri Ganapathi Nagar has seen several revisions. In 2007, the guideline value was Rs 90 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2012. However, it then decreased to Rs 335 per sq.ft in 2017. From 2017 to 2023, the value rose by 49% to Rs 500 per sq.ft, and it remained unchanged at this rate in the 2024 revision.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 456%.

Guideline values in Athur B Block

Athur B Block contains 79 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 268 to Rs 1,525 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, placing the current value of Sri Ganapathi Nagar below this median.

• Sri Giri Garden: Rs 1,195 per sq.ft (2024)
• Sri Andal Nagar: Rs 500 per sq.ft (2024)
• Sri Ajith Avenue: Rs 1,000 per sq.ft (2024)
• Sri Adhinath Residency Phase -II: Rs 1,000 per sq.ft (2024)
• Sri Adhinath Residency Phase -I: Rs 1,000 per sq.ft (2024)
• Sree Sai Krishnanagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ganapathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total fees together to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Ganapathi Nagar?

The Sub Registrar Office that covers Sri Ganapathi Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Athur B Block

The guideline value plays a crucial role during the registration of property transactions in Athur B Block. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a buyer approaches the registration office, the guideline value is used to calculate the applicable fees. This ensures that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Sri Ganapathi Nagar?

The current guideline value of Sri Ganapathi Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen fluctuations, starting from Rs 90 per sq.ft in 2007, peaking at Rs 500 per sq.ft in 2012, dropping to Rs 335 per sq.ft in 2017, and then returning to Rs 500 per sq.ft in 2023 and 2024.

What is the land classification for Sri Ganapathi Nagar?

The land classification for Sri Ganapathi Nagar is Residential Special Type - II, which indicates the nature of development permitted in the area.

What are the stamp duty and registration fees for properties in Sri Ganapathi Nagar?

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 and the registration fee would be Rs 10,000, totaling Rs 45,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Sri Ganapathi Nagar?

The Chengleput Joint II Sub Registrar Office is responsible for property registrations in Sri Ganapathi Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.