Guideline Value for GANAPATHY COLONY (SA)

Ganapathy Colony (Sa) guideline value

The current guideline value of Ganapathy Colony (Sa) is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Ninna Karai village under the Chengleput Joint II SRO and is classified as Residential Class II Type - II.

How the guideline value of Ganapathy Colony (Sa) has changed

Over the years, the guideline value for Ganapathy Colony (Sa) has seen several revisions. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 268 per sq.ft. In 2023, the value was revised to Rs 400 per sq.ft, and the current 2024 revision has increased it to Rs 440 per sq.ft.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%. The latest revision from 2023 to 2024 shows a 10% increase, resulting in an overall increase of 10% from 2012 to 2024.

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 value for these streets is Rs 1,100 per sq.ft, placing Ganapathy Colony (Sa) below this median.

• Ganapathi Puram Kattankolathur (Ward -17): Rs 550 per sq.ft (2024)
• Ganapathi Nagar (Ward -19): Rs 660 per sq.ft (2024)
• Ganapathi Nagar (Ward -15): Rs 660 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 Ganapathy Colony (Sa)

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, bringing the total cost for these fees to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Ganapathy Colony (Sa)?

The Ganapathy Colony (Sa) area falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Ninna Karai. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs reflect the property's assessed value.

When buying or selling property, the guideline value helps determine the legal and financial obligations involved in the transaction. Buyers should be aware that the registration process will require adherence to these values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ganapathy Colony (Sa)?

The current guideline value of Ganapathy Colony (Sa) is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has fluctuated, starting at Rs 400 per sq.ft, dropping to Rs 268 per sq.ft in 2017, and then returning to Rs 400 per sq.ft in 2023. The latest revision in 2024 increased it to Rs 440 per sq.ft.

What is the median guideline value in Ninna Karai?

The median guideline value for streets in Ninna Karai is Rs 1,100 per sq.ft, with Ganapathy Colony (Sa) being below this median at Rs 440 per sq.ft.

What are the stamp duty and registration fees for Ganapathy Colony (Sa)?

For a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800 and the registration fee would be Rs 8,800, totaling Rs 39,600 for these fees.

Which office handles property registrations in Ganapathy Colony (Sa)?

The Chengleput Joint II Sub Registrar Office handles property registrations for Ganapathy Colony (Sa), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.