Guideline Value for Sri Ganapathy Nagar Colony

Sri Ganapathy Nagar Colony guideline value

The current guideline value of Sri Ganapathy Nagar Colony is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Sriperumbudur A village under the Sriperumpudur SRO, classified as Residential Class III 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. The 2017 revision set the value at Rs 469 per sq.ft. This value remained unchanged until the 2023 revision, which also recorded Rs 700 per sq.ft. The latest revision in 2024 maintained this figure, showing no change from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49% as well. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft, with the median being Rs 700 per sq.ft. Sri Ganapathy Nagar Colony's 2024 figure aligns with this median.

• Sri Ganapathy Nagar Extn: Rs 700 per sq.ft (2024)
• Sri Ganapathy sindicate: Rs 700 per sq.ft (2024)
• Sri Ganapathy Nagar: Rs 1,200 per sq.ft (2024)
• Sri Jakath guru Jayendra sankarapuram: Rs 1,000 per sq.ft (2024)
• Sri Devi Nagar: Rs 700 per sq.ft (2024)
• Sri Kamatchi Nagar: Rs 1,000 per sq.ft (2024)

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 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, leading to a total of Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Ganapathy Nagar Colony?

The Sub Registrar Office that covers Sri Ganapathy Nagar Colony is 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 Sriperumbudur A

The guideline value is a critical factor during the registration of property transactions in Sriperumbudur A. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property.

When a property is registered, the guideline value is used to calculate the taxes owed. Buyers and sellers must be aware of this value as it impacts the overall cost of the transaction, ensuring compliance with local regulations.

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 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft since the 2023 revision, which also recorded Rs 700 per sq.ft. The value increased from Rs 469 per sq.ft in 2017, marking a 49% increase.

What is the median guideline value in Sriperumbudur A?

The median guideline value in Sriperumbudur A is Rs 700 per sq.ft, which is the same as the current value for Sri Ganapathy Nagar Colony.

What is the registration office for Sri Ganapathy Nagar Colony?

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

How is stamp duty calculated for properties in Sri Ganapathy Nagar Colony?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty of Rs 49,000 at a rate of 7%.