Guideline Value for GANAPATHY SYNDICATE(PA)

Ganapathy Syndicate(Pa) guideline value

The current guideline value of Ganapathy Syndicate(Pa) is Rs 550 per sq.ft, effective from 1 July 2024. This property is located in Peramanoor village, 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 seen 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. However, the value increased significantly to Rs 500 per sq.ft in the 2023 revision, and further rose by 10% to the current rate of Rs 550 per sq.ft in the 2024 revision.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The changes between the revisions are as follows: from 2017 to 2023, there was a 49% increase, while the change from 2012 to 2017 was a decrease of 33%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Ganapathy Syndicate(Pa) below this median.

• Ganapathy Nagar (Sa): Rs 550 per sq.ft (2024)
• Ganapathy Nagar (Kr): Rs 661 per sq.ft (2024)
• Gandhi Nagar 1st Street (Ward -3): Rs 990 per sq.ft (2024)
• Ganapathy Colony (Sa): Rs 550 per sq.ft (2024)
• Gandhi Nagar 2nd Street (Ward -3): Rs 990 per sq.ft (2024)
• Ganapathi Puram Kattankolathur (Ward -17): Rs 660 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 550 per sq.ft, the total guideline value would be 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, totaling Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

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. You can find your SRO for more information.

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

The guideline value is a critical metric used during the registration of property transactions in Peramanoor. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties. This process helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

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

The current guideline value of Ganapathy Syndicate(Pa) 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.

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 Sub Registrar Office for Ganapathy Syndicate(Pa)?

The Chengleput Joint II Sub Registrar Office covers Ganapathy Syndicate(Pa) and is 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 plot valued at Rs 5,50,000, the stamp duty would be Rs 38,500 at 7%.