Guideline Value for Sri Gangai Amman Nagar

Sri Gangai Amman Nagar guideline value

The current guideline value of Sri Gangai Amman Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This locality is situated in Puliyampakkam village and falls under the Walajabad SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Sri Gangai Amman Nagar has changed

The guideline value for Sri Gangai Amman Nagar has seen several revisions over the years. In 2012, the value was set at Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 134 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 200 per sq.ft. The 2024 revision maintains this value, showing no change from the previous year.

It is important to note that the register has no figures for this street for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 200 per sq.ft.

Guideline values in Puliyampakkam

In Puliyampakkam, there are 26 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 550 per sq.ft. The median guideline value for these streets is Rs 250 per sq.ft, placing Sri Gangai Amman Nagar's 2024 figure below this median.

• Sri Ganapathy Nagar: Rs 150 per sq.ft (2024)
• Sri Lakshmi Narasimman Garden: Rs 250 per sq.ft (2024)
• Sri Rangan Nagar: Rs 300 per sq.ft (2024)
• Sri Sairam Nagar: Rs 200 per sq.ft (2024)
• Sri Selvi Nagar: Rs 200 per sq.ft (2024)
• Sri Sivam Avenue: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Gangai Amman Nagar

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Gangai Amman Nagar?

Sri Gangai Amman Nagar is covered by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Puliyampakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is essential to be aware of these values to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Gangai Amman Nagar?

The current guideline value of Sri Gangai Amman Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has experienced several revisions. From 2012 to 2017, it decreased to Rs 134 per sq.ft, then increased by 49% to Rs 200 per sq.ft by 2023, remaining unchanged in 2024.

What is the median guideline value for streets in Puliyampakkam?

The median guideline value for streets in Puliyampakkam is Rs 250 per sq.ft, while Sri Gangai Amman Nagar's value is below this median.

What are the stamp duty and registration fees for a property in Sri Gangai Amman Nagar?

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000, and the registration fee would be Rs 4,000, totaling Rs 18,000.

Which office handles property registrations for Sri Gangai Amman Nagar?

The Walajabad Sub Registrar Office handles property registrations for Sri Gangai Amman Nagar, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.