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 Panangottur village and falls under the Chengleput Joint II SRO. The land classification for this locality 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 undergone several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which was then reduced to Rs 335 per sq.ft in the 2017 revision. Following this, the value increased to Rs 500 per sq.ft in the 2023 revision, and currently stands at Rs 550 per sq.ft from the 2024 revision. Notably, there are no figures available for this street in the 2002, 2003, and 2007 revisions.

From 2012 to 2017, the guideline value decreased by 33%. However, there was a significant increase of 49% from 2017 to 2023. The latest revision from 2023 to 2024 reflects a 10% increase. Overall, comparing the figures from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Panangottur

In Panangottur village, there are 419 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 990 per sq.ft, placing Ganapathi Puram Kattankolathur's current figure below that 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)
• Ganapathi Nagar Colony Extn: Rs 660 per sq.ft (2024)
• Ganapathy Nagar (Kr): Rs 660 per sq.ft (2024)
• Ganapathy Nagar (Sa): 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 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.

For more information, you can use the stamp duty and registration fee calculator.

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 find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Panangottur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved.

During the registration process, the guideline value serves as a reference point for the valuation of the property. It helps maintain transparency and standardization in property transactions, safeguarding the interests of both buyers and sellers.

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 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. There are no figures available for the years 2002, 2003, and 2007.

What is the median guideline value for streets in Panangottur?

The median guideline value for the 419 streets in Panangottur under the Chengleput Joint II SRO is Rs 990 per sq.ft. Ganapathi Puram Kattankolathur's current guideline value is below this median.

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

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500, and the registration fee would be Rs 11,000, totaling Rs 49,500. The duty is charged based on the higher of the guideline value or the sale price.

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles the registration of properties in Ganapathi Puram Kattankolathur (Ward -17).