Guideline Value for GANAPATHY SYNDICATE(PA)

Ganapathy Syndicate(Pa) guideline value

The current guideline value for Ganapathy Syndicate(Pa) in Kattankollatur village is Rs 440 per sq.ft, effective from 1 July 2024. This area falls under the Chengleput Joint II SRO and is classified as Residential Class II Type - II.

How the guideline value of Ganapathy Syndicate(Pa) has changed

The guideline value for Ganapathy Syndicate(Pa) has undergone several revisions over the years. In 2012, the guideline value was Rs 400 per sq.ft. This figure saw a decrease to Rs 268 per sq.ft in 2017, before increasing to Rs 400 per sq.ft again in 2023. The latest revision in 2024 has set the guideline value at Rs 440 per sq.ft, marking a 10% increase from the previous year.

From 2012 to 2017, there was a notable decrease of 33%. However, the value surged by 49% from 2017 to 2023. Overall, comparing the values from 2012 to 2024, there has been a modest increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattankollatur

Kattankollatur comprises 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 in this area is Rs 1,100 per sq.ft, and the guideline value for Ganapathy Syndicate(Pa) is below this median.

• Ganapathy Nagar (Sa): Rs 440 per sq.ft (2024)
• Ganapathy Nagar (Kr): Rs 660 per sq.ft (2024)
• Gandhi Nagar 1st Street (Ward -3): Rs 990 per sq.ft (2024)
• Ganapathy Colony (Sa): Rs 440 per sq.ft (2024)
• Gandhi Nagar 2nd Street (Ward -3): Rs 990 per sq.ft (2024)
• Ganapathi Puram Kattankolathur (Ward -17): Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Ganapathy Syndicate(Pa)

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, making the total charges Rs 39,600. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ganapathy Syndicate(Pa)?

The Ganapathy Syndicate(Pa) 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 more information.

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

When buying or selling property in Kattankollatur, the guideline value is a crucial factor in determining the stamp duty and registration fees. The guideline value serves as a benchmark for the transaction and is used to calculate the applicable charges during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. Ensuring that the property is registered at the correct guideline value helps in avoiding any legal complications in the future.

Frequently asked questions

What is the current guideline value for Ganapathy Syndicate(Pa)?

The current guideline value for Ganapathy Syndicate(Pa) is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then back to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification for Ganapathy Syndicate(Pa)?

Ganapathy Syndicate(Pa) is classified as Residential Class II Type - II.

Where can I find the registration office for Ganapathy Syndicate(Pa)?

The registration office for Ganapathy Syndicate(Pa) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Ganapathy Syndicate(Pa)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 30,800.