Guideline Value for Sri Vijaya Ganapathy Nagar

Sri Vijaya Ganapathy Nagar guideline value

The current guideline value of Sri Vijaya Ganapathy Nagar is Rs 510 per sq.ft, effective from 1 July 2024. This area is located in Vanchuvancheri village under the Sriperumpudur SRO, classified as Residential Special Type - I.

How the guideline value of Sri Vijaya Ganapathy Nagar has changed

The guideline value for Sri Vijaya Ganapathy Nagar has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 50 per sq.ft. This increased significantly to Rs 400 per sq.ft in 2012, marking a 700% rise. However, the value then decreased to Rs 335 per sq.ft in 2017, a drop of 16%. The next revision in 2023 saw the value rise to Rs 500 per sq.ft, reflecting a 49% increase. The most recent revision in 2024 has set the guideline value at Rs 510 per sq.ft, a 2% increase from the previous year.

It is important to note that the register has no figure for Sri Vijaya Ganapathy Nagar for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 920%.

Guideline values in Vanchuvancheri

In Vanchuvancheri, there are 23 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 700 per sq.ft, with a median value of Rs 400 per sq.ft. Sri Vijaya Ganapathy Nagar's 2024 figure of Rs 510 per sq.ft is above this median.

• Tambaram Kanchipuram Road: Rs 700 per sq.ft (2024)
• Theruveethi Amman Koil Street: Rs 200 per sq.ft (2024)
• Sri Ganesh Nagar Extension: Rs 510 per sq.ft (2024)
• Sri Ganesh Nagar: Rs 510 per sq.ft (2024)
• Vasantham Nagar: Rs 400 per sq.ft (2024)
• Vetri Vinayagar Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Vijaya Ganapathy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 510 per sq.ft, the total guideline value would be Rs 5,10,000. The stamp duty, charged at 7%, would amount to Rs 35,700, and the registration fee at 2% would be Rs 10,200, totaling Rs 45,900. 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 our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sri Vijaya Ganapathy Nagar?

Sri Vijaya Ganapathy Nagar falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vanchuvancheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the market value of the property.

Frequently asked questions

What is the current guideline value of Sri Vijaya Ganapathy Nagar?

The current guideline value of Sri Vijaya Ganapathy Nagar is Rs 510 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 50 per sq.ft in 2007 to Rs 510 per sq.ft in 2024, marking an overall increase of 920% over the years.

What is the land classification of Sri Vijaya Ganapathy Nagar?

Sri Vijaya Ganapathy Nagar is classified as Residential Special Type - I.

Where can I find the Sub Registrar Office for Sri Vijaya Ganapathy Nagar?

The Sub Registrar Office covering Sri Vijaya Ganapathy Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Sri Vijaya Ganapathy Nagar?

Stamp duty is calculated at 7% of the higher value between the guideline value and the sale price, while the registration fee is charged at 2% of the guideline value or sale price, whichever is higher.