Guideline Value for GANAPATHI PURAM KATTANKOLATHUR (WARD -17)

Ganapathi Puram Kattankolathur (Ward -17) guideline value

The current guideline value of Ganapathi Puram Kattankolathur (Ward -17) is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Kattankollatur village, under the Chengleput Joint II SRO, and is classified as Residential Class II Type - I.

How the guideline value of Ganapathi Puram Kattankolathur (Ward -17) has changed

The guideline value has undergone several revisions over the years. The earliest recorded revision for this street is from 2012, where the value was Rs 500 per sq.ft. In 2017, it decreased to Rs 335 per sq.ft, marking a decline of 33%. The next revision in 2023 saw a significant increase to Rs 500 per sq.ft, followed by another increase to Rs 550 per sq.ft in 2024, which is a 10% rise from the previous year. The overall change from 2012 to 2024 is an increase of 10%.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. The changes between the revisions are as follows: from 2017 to 2023, there was a 49% increase, and from 2023 to 2024, the increase was 10%.

Guideline values in Kattankollatur

Kattankollatur has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value is Rs 1,100 per sq.ft, placing Ganapathi Puram Kattankolathur (Ward -17) below this median.

• Ganapathi Nagar (Ward -19): Rs 660 per sq.ft (2024)
• Ganapathi Nagar (Ward -15): Rs 440 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 Puram Kattankolathur (Ward -17)

For a 1,000 sq.ft plot at the current rate of Rs 550 per sq.ft, the guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total to Rs 49,500. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ganapathi Puram Kattankolathur (Ward -17)?

The Sub Registrar Office that covers Ganapathi Puram Kattankolathur (Ward -17) 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 information.

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

The guideline value is a crucial factor when registering property transactions in Kattankollatur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling a property, the guideline value will be considered alongside the sale price. The higher of the two values will be used to calculate the applicable stamp duty and registration fees, ensuring compliance with legal requirements during the transaction.

Frequently asked questions

What is the current guideline value of Ganapathi Puram Kattankolathur (Ward -17)?

The current guideline value of Ganapathi Puram Kattankolathur (Ward -17) is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification for Ganapathi Puram Kattankolathur?

Ganapathi Puram Kattankolathur is classified as Residential Class II Type - I.

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

Stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total fee of Rs 49,500.

Which office handles the registration for Ganapathi Puram Kattankolathur?

The Chengleput Joint II Sub Registrar Office handles the registration for Ganapathi Puram Kattankolathur, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.