Guideline Value for GANAPATHI NAGAR COLONY EXTN

Ganapathi Nagar Colony Extn guideline value

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

How the guideline value of Ganapathi Nagar Colony Extn has changed

The guideline value for Ganapathi Nagar Colony Extn has seen several revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent revisions show that the guideline value was Rs 600 per sq.ft in 2023, which increased by 10% to Rs 660 per sq.ft in 2024.

This change reflects a consistent increase in the guideline value over the last year. The 2024 figure is below the median value of Rs 990 per sq.ft for the 419 streets in Panangottur under the Chengleput Joint II SRO.

Guideline values in Panangottur

In Panangottur, the guideline values range from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 990 per sq.ft. The guideline value for Ganapathi Nagar Colony Extn is Rs 660 per sq.ft, which is below the median.

• 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)
• Ford City (Per): Rs 660 per sq.ft (2024)
• Ganapathy Nagar (Kr): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Ganapathi Nagar Colony Extn

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, making the total charges Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ganapathi Nagar Colony Extn?

The Ganapathi Nagar Colony Extn 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 further information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Panangottur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Ganapathi Nagar Colony Extn?

The current guideline value of Ganapathi Nagar Colony Extn is Rs 660 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024, reflecting a 10% increase.

What is the land classification for Ganapathi Nagar Colony Extn?

Ganapathi Nagar Colony Extn is classified as Residential Class I Type - III.

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

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2% of the same amount.

Which office handles registrations for Ganapathi Nagar Colony Extn?

The Chengleput Joint II Sub Registrar Office handles registrations for Ganapathi Nagar Colony Extn, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.