Guideline Value for Sri Ganapathy Nagar Extn

Sri Ganapathy Nagar Extn guideline value

The current guideline value of Sri Ganapathy Nagar Extn is Rs 700 per sq.ft, effective from 1 July 2024. This property is located in Sriperumbudur A village, under the jurisdiction of the Sriperumpudur SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Sri Ganapathy Nagar Extn has changed

In the 2017 revision, the guideline value was Rs 469 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 700 per sq.ft. With the 2024 revision, the guideline value increased to Rs 700 per sq.ft, reflecting no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, there has been an increase of 49%. The 2023 to 2024 revision showed no percentage change, maintaining the guideline value at Rs 700 per sq.ft.

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. The median value for these streets is Rs 700 per sq.ft, which is equal to the current guideline value of Sri Ganapathy Nagar Extn.

• Sri Ganapathy sindicate: Rs 700 per sq.ft (2024)
• Sri Ganapathy Nagar Colony: Rs 700 per sq.ft (2024)
• Sri Ganapathy Nagar: Rs 1,200 per sq.ft (2024)
• SriJakath guru Jayendra sankarapuram: Rs 1,000 per sq.ft (2024)
• SriDevi 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 Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty, charged at 7%, would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total cost for these fees to Rs 63,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Ganapathy Nagar Extn?

The Sub Registrar Office that covers Sri Ganapathy Nagar Extn is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Sriperumbudur A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted transparently and fairly.

When a property is sold, the buyer and seller must consider the guideline value to calculate applicable fees such as stamp duty and registration fees. This value is essential for both parties to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Sri Ganapathy Nagar Extn?

The current guideline value of Sri Ganapathy Nagar Extn is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49%, moving from Rs 469 per sq.ft to Rs 700 per sq.ft in 2024. There was no change from 2023 to 2024.

What is the land classification for Sri Ganapathy Nagar Extn?

The land classification for Sri Ganapathy Nagar Extn is Residential Class III Type - I.

What are the stamp duty and registration fees for a property in Sri Ganapathy Nagar Extn?

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Sri Ganapathy Nagar Extn located?

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