Guideline Value for GANAPATHY NAGAR (SA)

Ganapathy Nagar (Sa) guideline value

The current guideline value of Ganapathy Nagar (Sa) is Rs 550 per sq.ft, effective from 1 July 2024. This street 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 Nagar (Sa) has changed

The guideline value for Ganapathy Nagar (Sa) has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 550 per sq.ft, an increase of 10% from the 2023 revision of Rs 500 per sq.ft. Prior to that, the 2017 revision recorded a value of Rs 335 per sq.ft, marking a significant increase of 49% to the 2023 figure. The 2012 revision also had a value of Rs 500 per sq.ft, which was a decrease of 33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 10%.

The register has no figures for the years 2002, 2003, and 2007 for this street. This lack of data means that the changes in guideline value during those years are not available for reference.

Guideline values in Peramanoor

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

• Ganapathy Nagar (Kr): Rs 661 per sq.ft (2024)
• Ganapathy Syndicate(Pa): Rs 550 per sq.ft (2024)
• Ganapathy Colony (Sa): Rs 550 per sq.ft (2024)
• Gandhi Nagar 1st Street (Ward -3): Rs 990 per sq.ft (2024)
• Ganapathi Puram Kattankolathur (Ward -17): Rs 660 per sq.ft (2024)
• Ganapathi Nagar (Ward -19): Rs 661 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 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees together to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

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, 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 Peramanoor

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

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers and sellers must be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Ganapathy Nagar (Sa) 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 2023 to Rs 550 per sq.ft in 2024. It was Rs 335 per sq.ft in 2017 and Rs 500 per sq.ft in 2012, showing an overall increase from 2012 to 2024 of 10%.

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

Ganapathy Nagar (Sa) is classified as Residential Class II Type - II, indicating its suitability for residential purposes.

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

The Chengleput Joint II Sub Registrar Office covers Ganapathy Nagar (Sa) and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Ganapathy Nagar (Sa)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 5,50,000 would incur a stamp duty of Rs 38,500 at 7%.