Guideline Value for Sri Ganapathy Nagar

Sri Ganapathy Nagar guideline value

The current guideline value of Sri Ganapathy Nagar is Rs 2,201 per sq.ft, effective from 1 July 2024. This area is located in Puthagaram village under the Ambattur Sub Registrar Office (SRO) and is classified as Mixed Type - I land.

How the guideline value of Sri Ganapathy Nagar has changed

The guideline value for Sri Ganapathy Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,201 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, the value rose by 49%, while the change from 2012 to 2017 reflected a decrease of 33%. Overall, comparing the figures from 2012 to 2024, there has been a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Puthagaram

In Puthagaram, there are 140 streets under the Ambattur SRO, with guideline values ranging from Rs 1,200 to Rs 3,800 per sq.ft. The median value for these streets is Rs 1,900 per sq.ft, placing Sri Ganapathy Nagar's 2024 figure above this median.

• Sri Kamalam Nagar: Rs 1,900 per sq.ft (2024)
• Sri Devi Avenue: Rs 1,600 per sq.ft (2024)
• Sri Kumaran Nagar: Rs 1,900 per sq.ft (2024)
• Sri Kumaran Nagar Extn.: Rs 1,900 per sq.ft (2024)
• Sri Lakshmi amman Nagar: Rs 1,900 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 1,900 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 2,201 per sq.ft, the total guideline value would be Rs 22,01,000. The stamp duty at 7% would amount to Rs 1,54,070, and the registration fee at 2% would be Rs 44,020, bringing the total to Rs 1,98,090. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sri Ganapathy Nagar?

Sri Ganapathy Nagar falls under the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai. To find your SRO, you can visit this link.

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

The guideline value is a critical factor during the registration of property transactions in Puthagaram. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for calculating the stamp duty, which is charged on the higher of the guideline value or the sale price. This ensures transparency and fairness in 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 2,201 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,201 per sq.ft in 2024.

What is the land classification of Sri Ganapathy Nagar?

Sri Ganapathy Nagar is classified as Mixed Type - I land, which indicates a blend of residential and commercial usage.

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

The Ambattur Sub Registrar Office covers Sri Ganapathy Nagar and is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 22,01,000 would incur a stamp duty of Rs 1,54,070 at a rate of 7%.