Guideline Value for GANAPATHY SYNDICATE(PA)

Ganapathy Syndicate(Pa) guideline value

The current guideline value of Ganapathy Syndicate(Pa) is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Panangottur village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - III.

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 value was set at Rs 600 per sq.ft. This figure remained unchanged until 2017, when it decreased to Rs 402 per sq.ft, marking a reduction of 33%. The value then increased to Rs 600 per sq.ft in 2023, followed by a further increase to Rs 660 per sq.ft in the 2024 revision, reflecting a 10% rise.

From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 600 per sq.ft. 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 years 2002, 2003, and 2007 in the register for this street.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 990 per sq.ft, which means that the guideline value of 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 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, making the total cost for these fees 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ganapathy Syndicate(Pa)?

The Ganapathy Syndicate(Pa) area 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 Panangottur

The guideline value is a crucial factor in property transactions in Panangottur, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duty are calculated based on the guideline value or the sale price, whichever is higher.

When purchasing or selling property, it is essential to be aware of the guideline value as it impacts the overall cost of the transaction. This ensures that all parties are informed about the financial implications of the sale, including the necessary fees associated with registration.

Frequently asked questions

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

The current guideline value of Ganapathy Syndicate(Pa) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

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

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

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees amount to Rs 59,400.

Which Sub Registrar Office covers Ganapathy Syndicate(Pa)?

The Chengleput Joint II Sub Registrar Office covers Ganapathy Syndicate(Pa), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.