Guideline Value

Corporate

Guideline Value for Sri Ganapathy Nagar

₹935/sq.ft.

The guideline value for Sri Ganapathy Nagar in Malayambakkam village (Kunrathur SRO, Chennai zone) is Rs 935 per sq.ft, effective 1 July 2024. It was Rs 850 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Malayambakkam

Village

Kunrathur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹935 /sq.ft.
From 1-4-2023 ₹850 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹569 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹850 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹250 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sri Ganapathy Nagar

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Sri Ganapathy Nagar guideline value

The current guideline value of Sri Ganapathy Nagar is Rs 935 per sq.ft, effective from 1 July 2024. This area is located in Malayambakkam village under the Kunrathur SRO, classified as Residential Class I Type - I.

How the guideline value of Sri Ganapathy Nagar has changed

Over the years, the guideline value of Sri Ganapathy Nagar has seen several revisions. The earliest recorded revision was in 2007, with a value of Rs 250 per sq.ft. This increased significantly to Rs 850 per sq.ft in 2012, but then decreased to Rs 569 per sq.ft in 2017. The value rose again to Rs 850 per sq.ft in 2023, and finally reached Rs 935 per sq.ft in the latest 2024 revision. Notably, the register has no figures for the years 2002 and 2003 for this street.

From the 2007 revision to the 2024 revision, the guideline value increased by 274%. The most significant change occurred between 2007 and 2012, with a dramatic rise of 240%. However, from 2012 to 2017, there was a decrease of 33%. The guideline value then increased by 49% from 2017 to 2023, followed by a 10% rise from 2023 to 2024.

Guideline values in Malayambakkam

In Malayambakkam, there are 82 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 450 to Rs 2,750 per sq.ft. The median value is Rs 935 per sq.ft, which is equal to the guideline value of Sri Ganapathy Nagar.

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 935 per sq.ft, the total guideline value amounts to Rs 9,35,000. The stamp duty at 7% would be Rs 65,450, and the registration fee at 2% would be Rs 18,700, bringing the total fees to Rs 84,150. 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 for further calculations.

Which Sub Registrar Office covers Sri Ganapathy Nagar?

The Sub Registrar Office that covers Sri Ganapathy Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Malayambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property. Buyers and sellers must be aware of the current guideline values to ensure compliance with the registration process.

When a property is bought or sold, the guideline value helps in calculating the taxes owed to the government. It is essential for both parties to understand that the guideline value may differ from the agreed sale price, and the duty will be charged on whichever is higher.

Frequently asked questions

What is the current guideline value of Sri Ganapathy Nagar?

The current guideline value of Sri Ganapathy Nagar is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 250 per sq.ft in 2007 to Rs 935 per sq.ft in 2024. The most notable increase occurred between 2007 and 2012, with a rise of 240%.

What are the other streets in Malayambakkam with their guideline values?

Other streets in Malayambakkam include Sri Gayathiri Doctor's Enclave at Rs 880 per sq.ft, Sri Janani Nagar and Sri Krishna Garden both at Rs 935 per sq.ft, and Sri Boopathy Nagar at Rs 2,200 per sq.ft.

What are the stamp duty and registration fees for properties in Sri Ganapathy Nagar?

For a property valued at Rs 9,35,000, the stamp duty would be Rs 65,450 and the registration fee would be Rs 18,700, totaling Rs 84,150. These fees are based on the guideline value.

Which office handles property registrations for Sri Ganapathy Nagar?

The Kunrathur Sub Registrar Office handles property registrations for Sri Ganapathy Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.