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 Ninna Karai village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class II Type - I.

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

The guideline value for Ganapathi Puram Kattankolathur has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 550 per sq.ft, an increase from Rs 500 per sq.ft in 2023, marking a change of +10%. Prior to that, in 2017, the value was Rs 335 per sq.ft, indicating a significant increase of +49% to the 2023 figure. The 2012 revision also recorded a value of Rs 500 per sq.ft, which was a decrease of -33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by +10%.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. This lack of data means that the changes in guideline value during those years are not recorded.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value for the village is Rs 1,100 per sq.ft, placing Ganapathi Puram Kattankolathur's 2024 figure below this median.

• Ganapathi Nagar (Ward -19): Rs 660 per sq.ft (2024)
• Ganapathi Nagar (Ward -15): Rs 660 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 guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total cost for these fees to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

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

The Ganapathi Puram Kattankolathur (Ward -17) area is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To locate your Sub Registrar Office, you can find your SRO.

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

The guideline value plays a crucial role during property transactions in Ninna Karai. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, which are essential components of the registration process. This ensures that the property is valued appropriately for legal and tax purposes.

When registering a property, buyers should be aware that the guideline value is often compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring compliance with local regulations.

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?

The guideline value has changed from Rs 500 per sq.ft in 2023 to Rs 550 per sq.ft in 2024, which is a +10% increase. It was Rs 335 per sq.ft in 2017, showing a +49% increase to the 2023 figure.

What is the land classification for Ganapathi Puram Kattankolathur?

The land classification for Ganapathi Puram Kattankolathur (Ward -17) is Residential Class II Type - I.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at Rs 550 per sq.ft would incur total fees of Rs 49,500.