Guideline Value for Bhanth Street / Ganapathy Nagar

Bhanth Street / Ganapathy Nagar guideline value

The current guideline value of Bhanth Street / Ganapathy Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This area is located in Pammal village under the Pammal SRO, classified as Residential Class II Type - II.

How the guideline value of Bhanth Street / Ganapathy Nagar has changed

The guideline value for Bhanth Street / Ganapathy Nagar has undergone several revisions over the years. In 2002, the value was Rs 169 per sq.ft, which increased to Rs 191 per sq.ft in 2003, marking a 13% rise. The value saw a significant jump to Rs 345 per sq.ft in 2007, representing an 81% increase. By 2017, the guideline value further escalated to Rs 1,206 per sq.ft, reflecting a substantial 250% increase.

In the subsequent revisions, the guideline value reached Rs 1,800 per sq.ft in 2023, which was a 49% increase from the 2017 figure. The latest revision in 2024 set the value at Rs 1,980 per sq.ft, indicating a 10% increase from the previous year. It is important to note that there is no figure available for this street in the 2012 revision.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft. The median value is Rs 2,090 per sq.ft, placing Bhanth Street / Ganapathy Nagar's 2024 figure below this median.

• Bhakthavatchalam Street, Nagelkeni: Rs 1,980 per sq.ft (2024)
• Bhakathvachalam Street: Rs 1,980 per sq.ft (2024)
• Benjiaman Street / Hindustan Lever Colony: Rs 2,530 per sq.ft (2024)
• Bharathidasan 1st Street / VOC Nagar: Rs 2,750 per sq.ft (2024)
• Bharathidasan 2nd Street / VOC Nagar: Rs 2,750 per sq.ft (2024)
• Bharathidasan Street / Muthamzhi Nagar: Rs 2,475 per sq.ft (2024)

Stamp duty and registration fee for property in Bhanth Street / Ganapathy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, while the registration fee at 2% would be Rs 39,600. The total cost for stamp duty and registration fee would be Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Bhanth Street / Ganapathy Nagar?

The Sub Registrar Office covering Bhanth Street / Ganapathy Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Pammal. It is used to determine the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value serves as a benchmark for the minimum value at which the property can be sold. This ensures that the transaction is recorded at a fair value, aligning with the official rates set by the registration department.

Frequently asked questions

What is the current guideline value of Bhanth Street / Ganapathy Nagar?

The current guideline value of Bhanth Street / Ganapathy Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant increases over the years, from Rs 169 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of 1072%.

What is the stamp duty rate for property in Bhanth Street / Ganapathy Nagar?

The stamp duty rate for property transactions in Bhanth Street / Ganapathy Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located for Bhanth Street / Ganapathy Nagar?

The Sub Registrar Office for Bhanth Street / Ganapathy Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It acts as a benchmark for the minimum selling price of the property, ensuring compliance with local regulations.