Guideline Value for FORD CITY (PER)

Ford City (Per) guideline value

The current guideline value of Ford City (Per) in Panangottur village is Rs 660 per sq.ft, effective from 1 July 2024. This property falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - III.

How the guideline value of Ford City (Per) has changed

The guideline value for Ford City (Per) has seen several revisions over the years. The earliest recorded figure is from 2012, where it was Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in 2017. The 2023 revision increased the value to Rs 600 per sq.ft, and the latest revision for 2024 has set it at Rs 660 per sq.ft.

In terms of changes, the guideline value increased by 10% from 2023 to 2024. From 2017 to 2023, there was a significant increase of 49%. However, from 2012 to 2017, the value decreased by 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 990 per sq.ft. The guideline value for Ford City (Per) is below this median.

• Ganapathi Nagar Colony Extn: Rs 660 per sq.ft (2024)
• Ganapathi Nagar (Ward -15): Rs 660 per sq.ft (2024)
• Ganapathi Nagar (Ward -19): Rs 660 per sq.ft (2024)
• Ganapathi Puram Kattankolathur (Ward -17): Rs 550 per sq.ft (2024)
• Ganapathy Colony (Sa): Rs 440 per sq.ft (2024)
• Ettiamman Koil Street Sattamangalam (Ward -15): Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Ford City (Per)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty is charged at 7%, which equals Rs 46,200, and the registration fee at 2% equals Rs 13,200. Together, the total fees amount to Rs 59,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Ford City (Per)?

The Ford City (Per) area is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Panangottur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value helps determine the minimum value at which the property can be registered. This ensures that all transactions are conducted transparently and in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value for Ford City (Per)?

The current guideline value for Ford City (Per) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Ford City (Per)?

Ford City (Per) is classified as Residential Class I Type - III.

What are the stamp duty and registration fees for property in Ford City (Per)?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 59,400.

Which office handles registrations for Ford City (Per)?

The Chengleput Joint II Sub Registrar Office handles registrations for Ford City (Per), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.