Guideline Value for Sri Ganapathy Garden

Sri Ganapathy Garden guideline value

The current guideline value of Sri Ganapathy Garden, located in Puthuper village under the Sriperumpudur SRO, is Rs 400 per sq.ft. This value is effective from the 2024 revision, which took effect on 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Sri Ganapathy Garden has changed

The guideline value for Sri Ganapathy Garden has seen several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 750 per sq.ft. This value decreased to Rs 502 per sq.ft in 2017, marking a decline of 33%. The next revision in 2023 maintained the value at Rs 400 per sq.ft, reflecting a 20% decrease from the previous figure. The 2024 revision also holds the value steady at Rs 400 per sq.ft, showing no change from 2023.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for Sri Ganapathy Garden. Overall, from 2012 to 2024, the guideline value has decreased by 47%.

Guideline values in Puthuper

Puthuper village has a total of 39 streets under the Sriperumpudur SRO that carry a guideline value for 2024, ranging from Rs 100 to Rs 1,350 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, which is the same as the guideline value for Sri Ganapathy Garden.

• Sri Mahalakshmi Nagar: Rs 400 per sq.ft (2024)
• Sivashanmugam Nagar Annex-III: Rs 400 per sq.ft (2024)
• Sivashanmugam Nagar Annex: Rs 400 per sq.ft (2024)
• Sivashanmugam Nagar: Rs 400 per sq.ft (2024)
• Sriram Nagar: Rs 300 per sq.ft (2024)
• Sekar Avenue: Rs 410 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ganapathy Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Ganapathy Garden?

The Sri Ganapathy Garden area falls under the jurisdiction of 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 Puthuper

The guideline value plays a crucial role in the registration process when buying or selling property in Puthuper. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty based on this value.

When a buyer and seller agree on a sale price, the registration office will assess the guideline value to ensure that the duty is charged on the higher of the two values. This ensures compliance with local regulations and helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Sri Ganapathy Garden?

The current guideline value of Sri Ganapathy Garden is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has decreased from Rs 750 per sq.ft in 2012 to Rs 400 per sq.ft in 2024, marking an overall decline of 47% over this period.

What is the land classification for Sri Ganapathy Garden?

Sri Ganapathy Garden is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Sri Ganapathy Garden?

The Sub Registrar Office covering Sri Ganapathy Garden is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Sri Ganapathy Garden?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a 1,000 sq.ft plot at Rs 400 per sq.ft would incur a total duty of Rs 36,000, including both stamp duty and registration fees.