Guideline Value for Sri Sai Ganesh Nagar Phase II

Sri Sai Ganesh Nagar Phase II guideline value

The current guideline value of Sri Sai Ganesh Nagar Phase II is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Mangalam village and falls under the Thirukazhukundram SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Sri Sai Ganesh Nagar Phase II has changed

The guideline value for Sri Sai Ganesh Nagar Phase II has remained consistent at Rs 600 per sq.ft since the 2023 revision. The 2024 revision also lists the guideline value at Rs 600 per sq.ft, indicating no change between these two years.

For the years prior to 2023, the register has no figure for this street in 2017, 2012, 2007, 2003, and 2002. Therefore, the only recorded figures for this street are from the 2023 and 2024 revisions.

Guideline values in Mangalam

In Mangalam, there are 15 streets under the Thirukazhukundram SRO that carry a 2024 guideline value, ranging from Rs 350 to Rs 1,300 per sq.ft. The median value among these streets is Rs 575 per sq.ft, placing Sri Sai Ganesh Nagar Phase II's 2024 figure above that median.

• Sri Sai Ganesh Nagar: Rs 600 per sq.ft (2024)
• Sri Sai Vignesh Nagar: Rs 801 per sq.ft (2024)
• Sri Ragavendra Avenue: Rs 402 per sq.ft (2024)
• Singhvi Emerald: Rs 1,000 per sq.ft (2024)
• Vedagiris Mount City Part - II: Rs 575 per sq.ft (2024)
• Ram Avenue: Rs 402 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sai Ganesh Nagar Phase II

For a 1,000 sq.ft plot at the current rate, the 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, totaling Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sri Sai Ganesh Nagar Phase II?

The Sub Registrar Office that covers Sri Sai Ganesh Nagar Phase II is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Mangalam. It is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is conducted in accordance with government regulations.

When a property is sold, the guideline value is referenced to assess the appropriate fees, which are calculated based on this value or the sale price, whichever is higher. This ensures transparency and compliance in property transactions.

Frequently asked questions

What is the current guideline value for Sri Sai Ganesh Nagar Phase II?

The current guideline value for Sri Sai Ganesh Nagar Phase II is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Sai Ganesh Nagar Phase II has remained at Rs 600 per sq.ft for both the 2023 and 2024 revisions. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value for streets in Mangalam?

The median guideline value for streets in Mangalam is Rs 575 per sq.ft. Sri Sai Ganesh Nagar Phase II's guideline value is above this median at Rs 600 per sq.ft.

What are the stamp duty and registration fees for a property in Sri Sai Ganesh Nagar Phase II?

For a 1,000 sq.ft plot in Sri Sai Ganesh Nagar Phase II, the total stamp duty and registration fees amount to Rs 54,000, based on the guideline value of Rs 6,00,000.

Which office handles the registration for properties in Sri Sai Ganesh Nagar Phase II?

The Thirukazhukundram Sub Registrar Office handles the registration for properties in Sri Sai Ganesh Nagar Phase II. It is located at Thiruchengode - 637 211, Chengalpattu registration zone.