Guideline Value for GANAPATHI NAGAR (WARD -19)

Ganapathi Nagar (Ward -19) guideline value

The current guideline value of Ganapathi Nagar (Ward -19) is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Sattamangalam village under the Chengleput Joint II SRO, classified as Residential Class I Type - III.

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

In the 2012 revision, the guideline value was Rs 600 per sq.ft. This value saw a decrease of 33% by the 2017 revision, which set the value at Rs 402 per sq.ft. The 2023 revision then increased the value significantly to Rs 600 per sq.ft, marking a 49% rise. The most recent revision in 2024 has set the guideline value at Rs 660 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft, placing Ganapathi Nagar (Ward -19) below this median.

• 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 660 per sq.ft (2024)
• Ganapathy Nagar (Kr): Rs 660 per sq.ft (2024)
• Ganapathy Nagar (Sa): Rs 660 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 is 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, making the total cost of duty and fees 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 information, 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, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Sattamangalam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that transactions are recorded at fair values set by the government.

Frequently asked questions

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

The current guideline value of 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 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 Ganapathi Nagar (Ward -19)?

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

What are the stamp duty and registration fees for property transactions in this area?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is charged at 2%. These fees are based on the higher of the guideline value or the sale price.

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, in the Chengalpattu registration zone.