Guideline Value for sakthi ganesh nagar

Sakthi Ganesh Nagar guideline value

The current guideline value of Sakthi Ganesh Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Ozhalur village, under the Chengleput Joint I SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sakthi Ganesh Nagar has changed

In the 2012 revision, the guideline value was set at Rs 250 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 167 per sq.ft, marking a decrease of 33%. Following this, the 2023 revision saw a significant increase to Rs 250 per sq.ft, which was maintained in the 2024 revision, showing no change from the previous year.

From 2017 to 2023, there was a notable increase of 50%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has remained constant at Rs 250 per sq.ft.

Guideline values in Ozhalur

In Ozhalur, there are 13 streets under the Chengleput Joint I SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 672 per sq.ft, with a median value of Rs 300 per sq.ft. The guideline value for Sakthi Ganesh Nagar is below this median.

• Sakthi Nagar: Rs 650 per sq.ft (2024)
• Sakthi Subbarayan Nagar: Rs 250 per sq.ft (2024)
• Sakthi Vinayaga Nagar: Rs 250 per sq.ft (2024)
• Sathyamoorthy Nagar: Rs 250 per sq.ft (2024)
• Sri Mangal Avenue: Rs 300 per sq.ft (2024)
• Sri Mangal Avenue Phase - II: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Sakthi Ganesh Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, resulting in a total of Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sakthi Ganesh Nagar?

The Sakthi Ganesh Nagar area is covered by the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Ozhalur. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. This value serves as a benchmark for the minimum price at which properties in the area are registered.

When buying or selling property, it is essential to be aware of the guideline value, as it can influence the overall costs involved in the transaction. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any issues during registration.

Frequently asked questions

What is the current guideline value of Sakthi Ganesh Nagar?

The current guideline value of Sakthi Ganesh Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revisions being Rs 250 per sq.ft in both 2023 and 2024. The value was Rs 167 per sq.ft in 2017 and Rs 250 per sq.ft in 2012.

What is the land classification of Sakthi Ganesh Nagar?

Sakthi Ganesh Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

What other streets have guideline values in Ozhalur?

Other streets in Ozhalur include Sakthi Nagar, Sakthi Subbarayan Nagar, Sakthi Vinayaga Nagar, Sathyamoorthy Nagar, Sri Mangal Avenue, and Sri Mangal Avenue Phase - II, with values ranging from Rs 250 to Rs 650 per sq.ft.

Where can I find the Sub Registrar Office for Sakthi Ganesh Nagar?

The Chengleput Joint I Sub Registrar Office, which covers Sakthi Ganesh Nagar, is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information about your SRO online.