Guideline Value for Sri Ganeshji Nagar

Sri Ganeshji Nagar guideline value

The current guideline value of Sri Ganeshji Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Navaloor village under the Padappai Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Sri Ganeshji Nagar has changed

The guideline value for Sri Ganeshji Nagar has seen several revisions over the years. In the 2017 revision, the value was Rs 268 per sq.ft. This increased significantly to Rs 400 per sq.ft in the 2023 revision, marking a 49% rise. The most recent 2024 revision has set the value at Rs 440 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 2002, 2003, 2007, and 2012 for this street.

Guideline values in Navaloor

In Navaloor, there are 26 streets under the Padappai SRO that have a 2024 guideline value ranging from Rs 440 to Rs 1,000 per sq.ft, with a median value of Rs 550 per sq.ft. Sri Ganeshji Nagar's guideline value is below this median.

• Sri Krishna Nagar Part - I: Rs 550 per sq.ft (2024)
• Sri Krishna Nagar Part - I S.Nos.2/2b1, 2b2: Rs 550 per sq.ft (2024)
• Sree Varalakshmi Avenue: Rs 550 per sq.ft (2024)
• Srinivasa Perumal Nagar: Rs 550 per sq.ft (2024)
• S.L.S Nagar: Rs 550 per sq.ft (2024)
• S.L Green City: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ganeshji Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total cost for these fees to Rs 39,600. Please note that the duty is charged on the higher of the guideline value and the sale price.

For a detailed calculation of your fees, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Ganeshji Nagar?

The Padappai Sub Registrar Office covers Sri Ganeshji Nagar, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Navaloor, as it determines the minimum value at which the property can be registered. This value is used to calculate the stamp duty and registration fees that are payable during the transaction.

When engaging in a property transaction, both the buyer and seller must be aware of the guideline value to ensure compliance with legal requirements and to accurately assess the costs involved in the registration process.

Frequently asked questions

What is the current guideline value of Sri Ganeshji Nagar?

The current guideline value of Sri Ganeshji Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, and now to Rs 440 per sq.ft in 2024, reflecting an overall increase of 64% from 2017 to 2024.

What is the land classification of Sri Ganeshji Nagar?

Sri Ganeshji Nagar is classified as Residential Class II Type - I, indicating its designation for residential purposes.

Where is the Padappai Sub Registrar Office located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is stamp duty calculated in Sri Ganeshji Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 4,40,000, the stamp duty at 7% would be Rs 30,800.