Guideline Value for Sri Lakshmi Ganapathi Nagar

Sri Lakshmi Ganapathi Nagar guideline value

The current guideline value for Sri Lakshmi Ganapathi Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Atanancheri village and falls under the Gooduvancheri SRO. The land classification is Residential Special Type - I.

How the guideline value of Sri Lakshmi Ganapathi Nagar has changed

The guideline value for Sri Lakshmi Ganapathi Nagar has undergone several revisions over the years. In 2012, the guideline value was set at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 402 per sq.ft. However, from 2017 to 2023, the value significantly increased by 49% to Rs 600 per sq.ft. The most recent revision in 2024 maintained this value at Rs 600 per sq.ft, indicating no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained stable, with an overall change of +0% during this period.

Guideline values in Atanancheri

In Atanancheri, there are 83 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 400 to Rs 2,500 per sq.ft. The median value for these streets is Rs 700 per sq.ft, placing Sri Lakshmi Ganapathi Nagar's 2024 figure below that median.

• Sri Lakshmi Bala Nagar: Rs 600 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 600 per sq.ft (2024)
• Sri Kamatchi Nagar: Rs 700 per sq.ft (2024)
• Sri Iyyappa Nagar: Rs 500 per sq.ft (2024)
• Sri Ganesh Nagar: Rs 700 per sq.ft (2024)
• Sri Ganapathi Nagar Colony: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Lakshmi Ganapathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total to Rs 54,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use this stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sri Lakshmi Ganapathi Nagar?

The Sri Lakshmi Ganapathi Nagar area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Atanancheri. It is used to determine the stamp duty and registration fees when buying or selling property. Buyers and sellers must refer to the current guideline value to ensure compliance with legal requirements.

When registering a property, the guideline value is assessed to calculate the applicable fees. This ensures that the transaction is recorded accurately and that the necessary taxes are paid based on the established guideline value.

Frequently asked questions

What is the current guideline value of Sri Lakshmi Ganapathi Nagar?

The current guideline value of Sri Lakshmi Ganapathi Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft since 2012, with a decrease to Rs 402 per sq.ft in 2017, followed by an increase back to Rs 600 per sq.ft in 2023. The value has not changed between 2023 and 2024.

What are the guideline values of other streets in Atanancheri?

Other streets in Atanancheri have varying guideline values. For instance, Sri Lakshmi Bala Nagar and Sri Lakshmi Nagar both have a guideline value of Rs 600 per sq.ft, while Sri Kamatchi Nagar and Sri Ganesh Nagar are valued at Rs 700 per sq.ft.

What is the stamp duty rate applicable in Sri Lakshmi Ganapathi Nagar?

The stamp duty rate applicable in Sri Lakshmi Ganapathi Nagar is 7% of the guideline value or the sale price, whichever is higher. This is part of the registration process for property transactions.

Where can I find the Sub Registrar Office for Sri Lakshmi Ganapathi Nagar?

The Sub Registrar Office covering Sri Lakshmi Ganapathi Nagar is the Gooduvancheri SRO, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.