Guideline Value for GANAPATHY NAGAR (SA)

Ganapathy Nagar (Sa) guideline value

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

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

Looking back at the revisions, the guideline value for Ganapathy Nagar (Sa) was Rs 400 per sq.ft in 2023, which reflects a 10% increase to the current rate of Rs 440 per sq.ft in 2024. Prior to the 2023 revision, the value was set at Rs 268 per sq.ft in 2017, marking a significant increase of 49% over the six years. The 2012 revision also recorded a value of Rs 400 per sq.ft, indicating a decrease of 33% from the 2017 figure.

There are no figures available in the register for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with guideline values in 2024 ranging from Rs 440 to Rs 3,612 per sq.ft. The median value across these streets is Rs 1,100 per sq.ft, placing Ganapathy Nagar (Sa) below this median.

• Ganapathy Nagar (Kr): Rs 660 per sq.ft (2024)
• Ganapathy Syndicate(Pa): Rs 440 per sq.ft (2024)
• Ganapathy Colony (Sa): Rs 440 per sq.ft (2024)
• Gandhi Nagar 1st Street (Ward -3): Rs 990 per sq.ft (2024)
• Ganapathi Puram Kattankolathur (Ward -17): Rs 550 per sq.ft (2024)
• Ganapathi Nagar (Ward -19): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Ganapathy Nagar (Sa)

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, making the total cost for these fees Rs 39,600. It is important to note that 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 Nagar (Sa)?

The Sub Registrar Office that covers Ganapathy Nagar (Sa) is 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

The guideline value is a crucial factor in the registration process when buying or selling property in Kattankollatur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of Ganapathy Nagar (Sa) 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 2023 to Rs 440 per sq.ft in 2024, a 10% increase. It was Rs 268 per sq.ft in 2017 and Rs 400 per sq.ft in 2012, showing a significant increase and decrease over the years.

What is the land classification for Ganapathy Nagar (Sa)?

Ganapathy Nagar (Sa) is classified as Residential Class II Type - II. This classification is important for determining the usage and development potential of the land.

What are the stamp duty rates for properties in Ganapathy Nagar (Sa)?

The stamp duty rate for properties in Ganapathy Nagar (Sa) is 7%, while the registration fee is 2%. These rates are applied to the higher of the guideline value or the sale price during registration.

Where can I find the Sub Registrar Office for Ganapathy Nagar (Sa)?

The Sub Registrar Office for Ganapathy Nagar (Sa) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more details through the provided link.