Guideline Value for Sri Ganapathy Garden

Sri Ganapathy Garden guideline value

The current guideline value of Sri Ganapathy Garden, located in Puthu Errumai Vettipalayam village under the Redhills SRO, is Rs 220 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Sri Ganapathy Garden has changed

In the 2007 revision, the guideline value was set at Rs 100 per sq.ft. This increased significantly to Rs 200 per sq.ft in the 2012 revision, marking a 100% rise. However, in the 2017 revision, the value decreased to Rs 134 per sq.ft, reflecting a decline of 33%. The 2023 revision saw a return to Rs 200 per sq.ft, and the most recent 2024 revision has increased it to Rs 220 per sq.ft, a rise of 10% from the previous year. The register has no figures for the years 2002 and 2003 for this street.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 120%. The changes between revisions illustrate the fluctuations in property values over the years, with the most notable increase being from 2017 to 2023, which saw a 49% rise.

Guideline values in Puthu Errumai Vettipalayam

Within Puthu Errumai Vettipalayam, there are 8 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 110 to Rs 220 per sq.ft, with the median also at Rs 220 per sq.ft. Sri Ganapathy Garden's 2024 figure matches this median value.

• Sri Vijayalakshmi Nagar: Rs 220 per sq.ft (2024)
• Saraswathi Nagar: Rs 220 per sq.ft (2024)
• Ram Nagar: Rs 220 per sq.ft (2024)
• Poorani Avenue: Rs 220 per sq.ft (2024)
• Vigneswar Nagar: Rs 110 per sq.ft (2024)
• Perumal Koil Street: Rs 220 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 220 per sq.ft, the total guideline value would be Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, and the registration fee at 2% would be Rs 4,400, resulting in a total of Rs 19,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Ganapathy Garden?

The Sri Ganapathy Garden area is covered by the Redhills Sub Registrar Office. The address is Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Puthu Errumai Vettipalayam

The guideline value plays a crucial role during property transactions in Puthu Errumai Vettipalayam. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that all transactions are compliant with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the overall cost of the transaction. Understanding these values helps in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Sri Ganapathy Garden?

The current guideline value of Sri Ganapathy Garden is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, increasing from Rs 100 per sq.ft in 2007 to Rs 220 per sq.ft in 2024, with fluctuations in between.

What is the registration office for Sri Ganapathy Garden?

The registration office for Sri Ganapathy Garden is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 220 per sq.ft would incur a stamp duty of Rs 15,400.

Are there other streets with similar guideline values in Puthu Errumai Vettipalayam?

Yes, several other streets in Puthu Errumai Vettipalayam also carry the same guideline value of Rs 220 per sq.ft, including Sri Vijayalakshmi Nagar, Saraswathi Nagar, Ram Nagar, Poorani Avenue, and Perumal Koil Street.