Guideline Value for Sri Ganapathy Nagar Colony

Sri Ganapathy Nagar Colony guideline value

The current guideline value of Sri Ganapathy Nagar Colony is Rs 1,500 per sq.ft, as per the 2023 revision. This area falls under the Gooduvancheri Sub Registrar Office and is classified as Residential Special Type - I.

How the guideline value of Sri Ganapathy Nagar Colony has changed

The guideline value for Sri Ganapathy Nagar Colony has seen several revisions over the years. In the 2007 revision, the value was set at Rs 550 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in the 2012 revision. However, this value remained unchanged in the 2012 to 2017 period, where it dropped to Rs 1,005 per sq.ft. The most recent revision in 2023 saw a return to Rs 1,500 per sq.ft, marking a 49% increase from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 173%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Vandalur

Currently, there are no specific guideline values available for other streets in Vandalur under the Gooduvancheri SRO. Sri Ganapathy Nagar Colony is the only street referenced in the available data.

Stamp duty and registration fee for property in Sri Ganapathy Nagar Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000. Therefore, the total cost for stamp duty and registration fees would be Rs 1,35,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Ganapathy Nagar Colony?

The Gooduvancheri Sub Registrar Office covers Sri Ganapathy Nagar Colony. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor in the registration process when buying or selling property in Vandalur. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately in the official records.

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 Ganapathy Nagar Colony?

The current guideline value of Sri Ganapathy Nagar Colony is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012. It then decreased to Rs 1,005 per sq.ft in 2017 and returned to Rs 1,500 per sq.ft in 2023.

What is the stamp duty rate for properties in Sri Ganapathy Nagar Colony?

The stamp duty rate for properties in Sri Ganapathy Nagar Colony is 7% of the guideline value or the sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

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

Is there a guideline value for other streets in Vandalur?

Currently, there are no specific guideline values available for other streets in Vandalur under the Gooduvancheri SRO. Sri Ganapathy Nagar Colony is the only street referenced in the available data.