Guideline Value for Sri Ganapathi Nagar

Sri Ganapathi Nagar guideline value

The current guideline value of Sri Ganapathi Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Somangalam_B village under the Sriperumpudur SRO, classified as Residential Class III Type - I.

How the guideline value of Sri Ganapathi Nagar has changed

In the 2017 revision, the guideline value was Rs 134 per sq.ft. This value remained unchanged at Rs 200 per sq.ft in the 2023 revision and continues to be Rs 200 per sq.ft in the 2024 revision, reflecting no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has also increased by 49%, maintaining the same rate from 2023 to 2024.

Guideline values in Somangalam_B

In Somangalam_B, there are 79 streets under the Sriperumpudur SRO carrying a 2024 guideline value ranging from Rs 150 to Rs 2,500 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value of Sri Ganapathi Nagar is below this median.

• Sri Gayathiri Doctor's Nest: Rs 400 per sq.ft (2024)
• Sri Gayathri Doctors Nest Ph.II: Rs 500 per sq.ft (2024)
• Sri City: Rs 350 per sq.ft (2024)
• Sri Kumaran Nagar: Rs 400 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 400 per sq.ft (2024)
• Sri Amman Garden: Rs 250 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 rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Ganapathi Nagar?

Sri Ganapathi Nagar falls under the Sriperumpudur Sub Registrar Office located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Somangalam_B. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, making it essential for buyers and sellers to be aware of the current guideline values.

Frequently asked questions

What is the current guideline value of Sri Ganapathi Nagar?

The current guideline value of Sri Ganapathi Nagar is Rs 200 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 200 per sq.ft from 2023 to 2024. It increased by 49% from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023.

What are the other guideline values in Somangalam_B?

In Somangalam_B, guideline values range from Rs 150 to Rs 2,500 per sq.ft, with a median value of Rs 250 per sq.ft. Sri Ganapathi Nagar's value is below this median.

What fees are associated with property registration in Sri Ganapathi Nagar?

For a property valued at Rs 2,00,000, the stamp duty is Rs 14,000 at 7%, and the registration fee is Rs 4,000 at 2%, totaling Rs 18,000.

Where is the Sub Registrar Office for Sri Ganapathi Nagar located?

The Sub Registrar Office for Sri Ganapathi Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, in the Chengalpattu registration zone.