Guideline Value for Sri Ganapathy sindicate

Sri Ganapathy sindicate guideline value

The current guideline value for Sri Ganapathy sindicate in Sriperumbudur A village is Rs 700 per sq.ft, effective from 1 July 2024. This area falls under the Sriperumpudur SRO and is classified as Residential Class III Type - I.

How the guideline value of Sri Ganapathy sindicate has changed

The guideline value for Sri Ganapathy sindicate has undergone several revisions over the years. The most recent revision in 2024 maintains the guideline value at Rs 700 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 469 per sq.ft, marking a significant increase of 49% from 2017 to 2023, and an overall increase of 49% from 2017 to 2024.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Thus, the only revisions with figures are from 2017, 2023, and 2024.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median value for these streets is Rs 700 per sq.ft, which is equal to the guideline value for Sri Ganapathy sindicate.

• Sri Ganapathy Nagar Extn: Rs 700 per sq.ft (2024)
• Sri Ganapathy Nagar Colony: Rs 700 per sq.ft (2024)
• Sri Ganapathy Nagar: Rs 1,200 per sq.ft (2024)
• SriJakath guru Jayendra sankarapuram: Rs 1,000 per sq.ft (2024)
• SriDevi Nagar: Rs 700 per sq.ft (2024)
• Sri Kamatchi Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ganapathy sindicate

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total fees to Rs 63,000. 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 sindicate?

The Sub Registrar Office that covers Sri Ganapathy sindicate 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 when registering property in Sriperumbudur A. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to consider the guideline value to ensure compliance with local regulations. It helps in understanding the financial implications of the transaction, especially regarding the fees involved in the registration process.

Frequently asked questions

What is the current guideline value for Sri Ganapathy sindicate?

The current guideline value for Sri Ganapathy sindicate is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained the same at Rs 700 per sq.ft from 2023 to 2024. It increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, representing a 49% increase.

What are the other streets with similar guideline values in Sriperumbudur A?

Other streets in Sriperumbudur A with a guideline value of Rs 700 per sq.ft include Sri Ganapathy Nagar Extn, Sri Ganapathy Nagar Colony, and SriDevi Nagar.

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

When buying property, the stamp duty is charged at 7% of the guideline value, and the registration fee is charged at 2%. For example, for a property valued at Rs 7,00,000, the total fees would be Rs 63,000.

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

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