Guideline Value

Corporate

Guideline Value for Sri Ganapathy Nagar

₹660/sq.ft.

The guideline value for Sri Ganapathy Nagar in Pammathukulam village (Redhills SRO, Chennai zone) is Rs 660 per sq.ft, effective 1 July 2024. It was Rs 600 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

Pammathukulam

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹660 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
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)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 660 per sq.ft, effective from 1 July 2024. This street is located in Pammathukulam village, under the Redhills 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 seen several revisions over the years. The 2017 revision set the value at Rs 402 per sq.ft, which increased to Rs 600 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the value to Rs 660 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. However, the significant changes noted between 2017 and 2023 reflect a 49% increase, showcasing a considerable adjustment in the guideline value over these years.

Guideline values in Pammathukulam

In Pammathukulam, there are 101 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 825 per sq.ft, with a median value of Rs 550 per sq.ft. The guideline value for Sri Ganapathy Nagar is above this median, indicating its relative standing within the village.

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 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total cost for these fees to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Ganapathy Nagar?

Sri Ganapathy Nagar falls under the jurisdiction of the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for further assistance.

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

The guideline value is a critical factor during the registration of property transactions in Pammathukulam. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the state receives appropriate revenue through stamp duties and registration fees.

Frequently asked questions

What is the current guideline value of Sri Ganapathy Nagar?

The current guideline value of Sri Ganapathy Nagar is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023, and then to Rs 660 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What are the other streets in Pammathukulam and their guideline values?

Other streets in Pammathukulam include Sri Gangai Nagar, Sri Gangai Nagar Extension, Sri Hariharan Nagar, Sri Jai Balaji Nagar Part - II, Sri Kanniamman Nagar, and Sri Karpaga Vinayagar Nagar, with their respective guideline values ranging from Rs 330 to Rs 660 per sq.ft.

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

For a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200, and the registration fee would be Rs 13,200, totaling Rs 59,400. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers the registration for Sri Ganapathy Nagar?

The Redhills Sub Registrar Office covers the registration for Sri Ganapathy Nagar, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.