Guideline Value for Sri Ganapathy Nagar

Sri Ganapathy Nagar guideline value

The current guideline value of Sri Ganapathy Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sri Ganapathy Nagar has changed

The guideline value for Sri Ganapathy Nagar has undergone several revisions over the years. The most recent revision in 2024 maintains the guideline value at Rs 1,200 per sq.ft, the same as in 2023. Prior to this, the 2017 revision set the value at Rs 804 per sq.ft, marking a 49% increase from 2017 to 2023.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, placing Sri Ganapathy Nagar's 2024 figure above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator to estimate your fees.

Which Sub Registrar Office covers Sri Ganapathy Nagar?

The Sub Registrar Office that covers Sri Ganapathy Nagar 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 crucial factor in the registration process when buying or selling property in Sriperumbudur A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. 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?

The current guideline value of Sri Ganapathy Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,200 per sq.ft from 2023 to 2024, while it increased from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023, a total increase of 49% from 2017 to 2024.

What is the land classification of Sri Ganapathy Nagar?

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

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate incurs total fees of Rs 1,08,000.

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

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