Guideline Value for GANAPATHY GARDEN

Ganapathy Garden guideline value

The current guideline value of Ganapathy Garden, located in Chemmancheri village under the Neelankarai SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class V Type - II land classification.

How the guideline value of Ganapathy Garden has changed

Over the years, the guideline value of Ganapathy Garden has seen several revisions. In the 2012 revision, the value was set at Rs 750 per sq.ft, which increased to Rs 502 per sq.ft in the 2017 revision. This marked a decrease of 33%. However, the value surged to Rs 1,000 per sq.ft in the 2023 revision, maintaining the same rate in the 2024 revision, indicating no change between these two years.

From the 2017 revision to the 2023 revision, there was a significant increase of 99%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 33%.

Guideline values in Chemmancheri

In Chemmancheri, there are 195 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 6,600 per sq.ft. The median value for these streets is Rs 1,700 per sq.ft, placing Ganapathy Garden's 2024 figure below that median.

• Ganapathy Nagar: Rs 1,800 per sq.ft (2024)
• Ganapathy Syndicate Colony: Rs 1,700 per sq.ft (2024)
• Gabirel Estate: Rs 1,000 per sq.ft (2024)
• Fathimabevi Garden: Rs 1,100 per sq.ft (2024)
• Gandhi Nagar Co-Opearative Society(Sholinganallur Co - Op Maha Nagar: Rs 2,800 per sq.ft (2024)
• Ezhil Muga Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Ganapathy Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. 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 precise calculations.

Which Sub Registrar Office covers Ganapathy Garden?

The Ganapathy Garden area is covered by the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Chemmancheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of property ownership. This ensures that all transactions are documented and comply with local regulations.

Frequently asked questions

What is the current guideline value of Ganapathy Garden?

The current guideline value of Ganapathy Garden is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023 and remained the same in 2024.

What is the land classification for Ganapathy Garden?

Ganapathy Garden is classified under Residential Class V Type - II, which indicates its zoning for residential purposes.

What are the stamp duty and registration fees for properties in Ganapathy Garden?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee Rs 20,000, totaling Rs 90,000.

Which Sub Registrar Office covers Ganapathy Garden?

The Neelankarai Sub Registrar Office covers Ganapathy Garden, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.