Guideline Value

Corporate

Guideline Value for Sri Ganapathy Nagar

₹1540/sq.ft.

The guideline value for Sri Ganapathy Nagar in Thiruverkadu village (Kunrathur SRO, Chennai zone) is Rs 1540 per sq.ft, effective 1 July 2024. It was Rs 1400 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

Thiruverkadu

Village

Kunrathur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1540 /sq.ft.
From 1-4-2023 ₹1400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹938 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹150 /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 1,540 per sq.ft, effective from 1 July 2024. This area is located in Thiruverkadu village and falls under the Kunrathur SRO. The land classification for this locality is 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 oldest available figure is from 2007, which was Rs 150 per sq.ft. This value saw a significant increase to Rs 1,400 per sq.ft in 2012, marking a rise of 833%. However, in 2017, the value dropped to Rs 938 per sq.ft, a decrease of 33%. The value then increased to Rs 1,400 per sq.ft in 2023, followed by a further increase to Rs 1,540 per sq.ft in 2024, reflecting a change of 10% from the previous year. The register has no figure for this street for the years 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 927%, showcasing the fluctuations in the valuation over the years. The 2023 revision set the value at Rs 1,400 per sq.ft, which was a 49% increase from the 2017 figure of Rs 938 per sq.ft. The current guideline value of Rs 1,540 per sq.ft in 2024 is equal to the median value for the village.

Guideline values in Thiruverkadu

In Thiruverkadu, there are 178 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,430 to Rs 3,520 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft, which is the same as the current guideline value for Sri Ganapathy Nagar. Below are some of the other streets in Thiruverkadu:

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 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, resulting in a total of Rs 1,38,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

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 Thiruverkadu

The guideline value is a critical factor when registering property transactions in Thiruverkadu. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration norms and to calculate applicable fees.

When a property is sold, the guideline value is used to assess the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the transaction is officially recognized and documented.

Frequently asked questions

What is the current guideline value of Sri Ganapathy Nagar?

The current guideline value of Sri Ganapathy Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 150 per sq.ft in 2007 to Rs 1,540 per sq.ft in 2024, marking an overall increase of 927% over the years.

What are the other streets in Thiruverkadu with the same guideline value?

Other streets in Thiruverkadu with the same guideline value of Rs 1,540 per sq.ft include Sri Iyyappa Nagar / Annuxe, Sri Devi Nagar Pillaiar Koil Street, Sri Devi Nagar Main Road, and several others.

What fees are associated with buying property in Sri Ganapathy Nagar?

When buying property in Sri Ganapathy Nagar, buyers should expect to pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

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

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