Guideline Value for GANAPATHI NAGAR (WARD -19)

Ganapathi Nagar (Ward -19) guideline value

The current guideline value for Ganapathi Nagar (Ward -19) is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Kattankollatur village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class I Type - III.

How the guideline value of Ganapathi Nagar (Ward -19) has changed

The guideline value for Ganapathi Nagar (Ward -19) has seen several revisions over the years. In the 2012 revision, the guideline value was set at Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in the 2017 revision. The 2023 revision marked an increase to Rs 600 per sq.ft, and the current 2024 revision has further increased it to Rs 660 per sq.ft. The register has no figure for this street in the years 2002, 2003, and 2007.

Between the revisions, the changes are notable. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the guideline value increased significantly by 49%. The overall change from 2012 to 2024 reflects a modest increase of 10%.

Guideline values in Kattankollatur

Kattankollatur has a total of 453 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, placing Ganapathi Nagar (Ward -19) below this median value.

• Ganapathi Nagar (Ward -15): Rs 440 per sq.ft (2024)
• Ganapathi Puram Kattankolathur (Ward -17): Rs 550 per sq.ft (2024)
• Ganapathy Colony (Sa): Rs 440 per sq.ft (2024)
• Ganapathy Nagar (Kr): Rs 660 per sq.ft (2024)
• Ganapathy Nagar (Sa): Rs 440 per sq.ft (2024)
• Ganapathy Syndicate(Pa): Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Ganapathi Nagar (Ward -19)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, leading to a total of Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ganapathi Nagar (Ward -19)?

The Sub Registrar Office covering Ganapathi Nagar (Ward -19) is the Chengleput Joint II 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 Kattankollatur

The guideline value is a crucial factor in the registration process when buying or selling property in Kattankollatur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations during the property transfer process.

When a property is sold, the guideline value helps in calculating the taxes owed at the time of registration. It is essential for both parties to be aware of this value to avoid any discrepancies or legal issues during the transaction.

Frequently asked questions

What is the current guideline value for Ganapathi Nagar (Ward -19)?

The current guideline value for Ganapathi Nagar (Ward -19) 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 to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024. The register has no figure for this street in the years 2002, 2003, and 2007.

What is the land classification for Ganapathi Nagar (Ward -19)?

The land classification for Ganapathi Nagar (Ward -19) is Residential Class I Type - III, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Ganapathi Nagar (Ward -19)?

For a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200, and the registration fee would be Rs 13,200, totaling Rs 59,400. These fees are based on the guideline value of the property.

Where can I find the Sub Registrar Office for Ganapathi Nagar (Ward -19)?

The Sub Registrar Office for Ganapathi Nagar (Ward -19) is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, under the Chenglepurt registration zone. You can find more details online.