Guideline Value for GANAPATHY NAGAR

Ganapathy Nagar guideline value

The current guideline value of Ganapathy Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Palur-A village under the Chengleput Joint II SRO, classified as Residential Special Type - I.

How the guideline value of Ganapathy Nagar has changed

In the 2017 revision, the guideline value was Rs 268 per sq.ft. This figure remained unchanged in the 2023 revision, where it was still Rs 400 per sq.ft. The 2024 revision also maintains the guideline value at Rs 400 per sq.ft, reflecting a 49% increase from the 2017 figure. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from 2017 to 2024, the guideline value has increased by 49%. The 2023 to 2024 revision shows no change, with the guideline value remaining at Rs 400 per sq.ft.

Guideline values in Palur-A

In Palur-A, there are 44 streets under the Chengleput Joint II SRO carrying a 2024 guideline value, ranging from Rs 150 to Rs 600 per sq.ft. The median value is Rs 400 per sq.ft, which is equal to the 2024 figure for Ganapathy Nagar. Below are the guideline values for other streets in Palur-A:

• Gangadaran Nagar: Rs 400 per sq.ft (2024)
• Grace Avenue: Rs 400 per sq.ft (2024)
• Dps Nagar: Rs 400 per sq.ft (2024)
• Green City: Rs 400 per sq.ft (2024)
• Guna Nagar: Rs 400 per sq.ft (2024)
• Ceeon Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Ganapathy Nagar

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ganapathy Nagar?

The Sub Registrar Office that covers Ganapathy Nagar 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 Palur-A

The guideline value is a crucial factor in property transactions in Palur-A, as it determines the amount of stamp duty and registration fees payable at the time of registration. Buyers and sellers must consider this value to ensure compliance with local regulations and to understand the financial implications of their transactions.

When registering a property, the guideline value is used to calculate the applicable charges, which are based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Ganapathy Nagar?

The current guideline value of Ganapathy Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Ganapathy Nagar has remained at Rs 400 per sq.ft since the 2023 revision. It increased from Rs 268 per sq.ft in 2017, reflecting a 49% increase overall from 2017 to 2024.

What is the land classification for Ganapathy Nagar?

Ganapathy Nagar is classified as Residential Special Type - I. This classification impacts the guideline value and the types of properties allowed in the area.

What are the other streets with the same guideline value in Palur-A?

Other streets in Palur-A with the same guideline value of Rs 400 per sq.ft include Gangadaran Nagar, Grace Avenue, Dps Nagar, Green City, Guna Nagar, and Ceeon Nagar.

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

The Sub Registrar Office for Ganapathy Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more details by visiting the relevant link.