Guideline Value for Sri Ganesh Nagar

Sri Ganesh Nagar guideline value

The current guideline value of Sri Ganesh Nagar, located in Thandalam village under the Pammal SRO, is Rs 880 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of Sri Ganesh Nagar has changed

The guideline value for Sri Ganesh Nagar has seen significant changes over the years. In the 2017 revision, the value was Rs 536 per sq.ft. This increased to Rs 800 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has set the guideline value at Rs 880 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thandalam

In Thandalam, there are 56 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 1,210 per sq.ft, placing Sri Ganesh Nagar's 2024 figure below this median.

• Sri Dhanalakshmi Nagar: Rs 1,210 per sq.ft (2024)
• Sri Kamachi Garden Phase - II: Rs 3,300 per sq.ft (2024)
• Sri Kamatchi Gardens: Rs 3,300 per sq.ft (2024)
• Sri Avenue: Rs 880 per sq.ft (2024)
• Sri Ambal Nagar: Rs 1,210 per sq.ft (2024)
• Sri Raghavendhra Avenue: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ganesh Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total to Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Ganesh Nagar?

Sri Ganesh Nagar falls under the jurisdiction of the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Thandalam. It serves as a benchmark for calculating the stamp duty and registration fees, which are necessary for the legal transfer of property ownership.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and helps in determining the financial obligations related to the sale. It is crucial for both buyers and sellers to be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Ganesh Nagar?

The current guideline value of Sri Ganesh Nagar is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 536 per sq.ft in 2017 to Rs 880 per sq.ft in 2024. This represents a total increase of 64% over the seven years.

What is the stamp duty for property in Sri Ganesh Nagar?

The stamp duty for property in Sri Ganesh Nagar is 7% of the guideline value or the sale price, whichever is higher. For a plot valued at Rs 8,80,000, the stamp duty would be Rs 61,600.

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

What other streets have guideline values in Thandalam?

Other streets in Thandalam include Sri Dhanalakshmi Nagar at Rs 1,210 per sq.ft, Sri Kamachi Garden Phase - II at Rs 3,300 per sq.ft, and Sri Avenue at Rs 880 per sq.ft, among others.